Qatar Wealth Fund Buys St. Regis Hotel That Invented Bloody Mary
Nov 01, 2019
QIA paid $310 million for the prominent Manhattan property. The Marriott sale comes after recent acquisitions by the company.
The MGM Grand which opened in 1993 is the undisputed behemoth of the hospitality world with 6198 rooms The 30story tower rises 208 feet high and features more than 170000 sq ft of casino space a number of highprofile restaurants including Michelinrated Joel Robuchon Restaurant Tom Colicchios Craftsteak and Wolfgang Puck Bar Grill a 16800seat event arena a 380000sqft convention center and a collection of shops And what kind of a Las Vegas hotel would be complete without a weddin
MGM Sets Year-End Target for Sale of MGM Grand in Las Vegas
Oct 31, 2019
The company expects to find a buyer for the hotel by the end of the year.
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Wellness Features Are Becoming A Must Have for Hotels, New Report Claims
Oct 30, 2019
An Avison Young report says that the inclusion of wellness features is having an impact on hotel revenues.
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Marriott Plans to Showcase W Hotels’ New Look in Union Square
Oct 17, 2019
Marriott described the property as an “incubator and catalyst for a new vision” for the brand in North America.
Built at a reported cost of 16 billion the Bellagio opened in 1998 and contains 3933 rooms It also boasts more than 200000 sq ft of meeting and convention space a 42000sqft shopping promenade that includes brands such as Prada Channel Giorgio Armani and Bottega Veneta and a 100000sqft casino among other amenities MGM Resorts International owns the property
MGM Sells Bellagio to Blackstone for $4.25 Billion in Lease-Back
Oct 15, 2019
The company will continue to operate the property under a lease arrangement.
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Apollo Offers About $40 Per Share for Hilton Grand
Oct 14, 2019
Apollo Global Management has valued the timeshare resort operator at $40 per share.
NREI's Common Area, Episode 19
Oct 11, 2019
Hear the latest scoop on CRE investors’ growing interest in casino hotels and investors’ steady attraction to medical office buildings.  
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Brookfield Is in Talks to Sell Florida Resort to Developer Soffer
Oct 08, 2019
If the sale of the 1,000-room hotel goes through, it would make Jeff Soffer one of the largest convention hotel owners in Florida.
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Casino Hotels Are Gaining in Popularity with CRE Investors
Oct 08, 2019
As larger casino hotel operators divest of some assets, smaller real estate investors can benefit.
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NREI's Common Area, Episode 18
Oct 04, 2019
Hear highlights from new NREI exclusive research that examines the evolving hospitality sector. In addition, check out the breakdown of the record-setting surge in investments in real estate tech companies.
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