Wynn Las Vegas has asked a District Court Judge in Clark County to order competitor resort Fontainebleau to immediately stop poaching its executives.
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AAHOA updates 12 Points of Fair Franchising in wake of acquisitions
At last week’s AAHOACON24, AAHOA announced a revision to its 12 Points of Fair Franchising. The revision specifically targeted Point Number 12: Sale of the Franchise System Hotel Brand(s).
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Blackstone buys Kyoto Moxy Nijo hotel for $54 million amid tourism boom
Blackstone (NYSE:BX) Inc. has acquired the Moxy Kyoto Nijo, a Marriott International (NASDAQ:MAR) hotel, for ¥8 billion ($54 million), tapping into the flourishing Japanese hospitality market fueled by a robust recovery in tourism…
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Singapore-based City Developments Ltd. (CDL)—controlled by billionaire Kwek Leng Beng—will continue to look for overseas acquisitions even as soaring interest rates are starting to dampen the property group’s earnings…
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