Hotels

MGM Resorts and MGP have entered into a definitive agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, which will operate the property.

Rob Stephens of Avalara MyLodgeTax answers questions for investors looking to break into the short-term rental business.

The new interest-only refinancing addresses Braemar's only 2019 debt maturity, has a two-year initial term with five one-year extension options and provides for a floating interest rate of LIBOR plus 2.16%.

Cara Leonard joins CBRE Hotels as SVP, giving the firm a much-needed presence on the West Coast to handle the high volume of demand.

Downtowns like Louisville are seeing the same urban renaissance as other cities, but have yet to see the high costs.

The report calls for the city to explore a second convention/exhibition center in an outer borough to compliment the existing Javits Center. The new facility would offer larger expo space and have a focus on exhibits and trade shows with large local attendance.

The deal is following Blackstone's exit from its position in Hilton last week.

The REIT has been adding hotels to its retail centers for years and plans to step up that approach.