Bally’s to acquire Tropicana: Providence, Rhode Island-based Bally’s Corp. will purchase the Tropicana Las Vegas, Nevada, casino from Gaming and Leisure Properties, a publicly traded gaming focused REIT. Bally’s estimates the transaction to be valued at approximately US$308 million. The hotel includes 1,470 guest rooms, 50,000 square feet of casino space with 1,000 gaming positions, a 1,200 seat performance theater and 100,000 square feet of convention and meeting space.
Curator adds Sage: Independent lifestyle hotel company Curator Hotel & Resort Collection has bumped up its list of founding members with the addition of Denver, Colorado-based Sage Hospitality Group. Sage is joining a group of six other founding members: both hotel owners and operators. Recently, Curator also added 11 Provenance hotels and 13 Noble House Hotels & Resorts properties as member hotels, bringing the total number of fully-committed hotels and resorts in the collection to 60.
Four Seasons may add in Florida: Naples, Florida, may soon have a Four Seasons resort. While Four Seasons Hotels & Resorts hasn’t publicly announced its interest yet, the Phoenix, Arizona-based Athens Group has confirmed it has a letter of intent for the brand to operate the 5-star resort that will replace the former Naples Beach Hotel. The revelation comes as The Athens Group’s purchase of the current hotel draws near. The closing on the entire 125-acre property, including the golf course and tennis center, is set for the end of May. The developer plans to replace the current hotel with a smaller, more upscale resort.
More from the Naples Daily News
Good luck trying to settle in court: If and when more hotel real estate disputes try to go to court for settlement, the court case backlog created by the pandemic could take years to untangle. This Bisnow article takes a look at the issues and challenges owner and lenders could face when trying to settle a dispute through the U.S. court system.
Hangzhou market overview: After over 30 years of development, especially after hosting the G20 summit in 2016, Hangzhou, China, the capital and the most populous city of Zhejiang, gradually evolved from a tourism destination to a world-renowned innovation, research and development center backed by the expansion of hi-tech companies. This market report from Horwath HTL says Hangzhou is now attracting high quality science, technology and ecommerce startups that fill up multiple business districts around the city that have propelled the development of the hotel market in downtown as well as famous scenic areas in the city.
Hyatt in Memphis: Hyatt Hotels Corp. on Tuesday announced that a Hyatt affiliate has entered into a joint venture agreement with Carlisle LLC for a 136-room Caption by Hyatt hotel in Memphis, Tennessee. Caption by Hyatt Memphis is expected to open in 2022 and will be integrated into the main building of Wm. C Ellis & Sons Ironworks and Machine Shop, one of the earliest and longest running businesses in Memphis.
Wyndham’s Asia Pac growth: Wyndham Hotels & Resorts opened over 125 new hotels and signed a further 140 properties in Asia Pacific in 2020, giving it over 1,500 hotels in 20 regional markets and territories. This year, it estimates a 40% increase in openings or approximately 180 new hotels in Asia Pacific. It stated it is on track to reach 2,000 hotels in Asia Pacific within the next three years. In Greater China, for example, Wyndham executed over 100 agreements across the country last year, including the signing of an agreement to introduce the Dolce by Wyndham brand to Foshan in the Guangdong province, as well as the introduction of Ramada Encore by Wyndham to Hualien, Taiwan. Over 100 hotels are expected to open in Greater China this year.
Beaches prioritizes Autism-friendly: Building upon an existing partnership with the International Board of Credentialing and Continuing Education Standards (IBCCES) – which specializes in cognitive disorder training and certification – the Jamaica-based Beaches Resorts has extended its ACAC (Advanced Certified Autism Center) designation through 2026. Through the recertification process, Beaches staff across Jamaica and Turks & Caicos will be eligible to participate in advanced autism training virtually. The resort company, in collaboration with IBCCES, will also launch a Sensory Stimulation Guide, providing comfort and an understanding of what to expect in each designated area of the resort.
Wynn Las Vegas mandates vaccine for employees: According to the Twitter feed of Las Vegas Locally, Wynn Las Vegas will mandate that all employees of the casino be vaccinated against the COVID-19 virus as of April 25. After that point, any employee who chooses not to have a vaccination will be required to show weekly that they are COVID-free through a valid test. That test costs US$15 per shot and, according to Marilyn Spiegel, the president of Wynn Las Vegas and Encore, the new rule is not only necessary but required by the Nevada Gaming Control Board.
Israel begins to reopen to groups: Israel will begin accepting vaccinated groups of international travelers back into the country through a phased approach after more than a year without tourism due to COVID-19 restrictions, according to The Israel Ministry of Tourism. The series of phases and guidelines will be outlined and released next week. The first phase will feature a pilot program which starts May 23, allowing a select number of tour groups to visit Israel. The number of groups will increase based on the overall health situation and progress and success of the program. The same opportunity will be offered to individual travelers in a later phase of reopening likely in July.