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Hotel developer buys vacant Tower 180 for $61M, will spend $140M on conversion.
Total hotel sales in November were $1.3 billion, down 69% year over year.
The casino would include 950 hotel rooms and a refurbished theater that would become the home of The Lion King.
City Council cancels ballot measure, requires new projects to replace housing.
Hotel RevPAR at all-time high and retail vacancy at 23-year low, Marcus & Millichap reported.
City Council, neighborhoods will be able to challenge permit applications.
Steinhauer's Hard Rock hotel will rise on Long Beach waterfront.
Court orders property tax refund for San Francisco's Westin St. Francis.
Canadian firm will build two 36-story buildings, plaza at downtown site.
MCR, Island Capital secure package for 1,780-key hotel in forbearance.