Hotels

Expecting a strong rebound, the companies announced a new $1 billion platform that will invest nationally.

The partnership plans to invest an additional $5 million to $6 million to update the property.

The hospitality industry may be hurting, but that doesn't mean hotel real estate has to.

Even as the US and UK ease travel bans, Fitch Ratings doesn't see much movement for the industry.

A separate group buys the land under Cosmopolitan of Las Vegas, while MGM Resorts leases it for $200 million a year.

The US has recovered 75% of the 22.8 million jobs lost to the pandemic with 4.7 million jobs having been created in 2021.

Tourism in New York City and San Francisco has been slow to recover from COVID slumps, a phenomenon that could be attributed to the decline of business travel.

The hotel industry will end this year down more than $59 billion in business travel revenue compared to 2019.