Hotels and Resorts Pulse: News and Notes for Oct. 31, 2015
The long-stalled, near-completed Baha Mar Bahamas mega-resort was just placed into receivership. A likely consequence of this development is that Baha Mar mastermind Sarkis Izmirlian may lose control of the project.
Included in its $1 billion-plus brand transformation, Caesar’s Palace Las Vegas plans to perform a $75 million renovation on the Roman Tower, renaming it the Julius Tower. Set to reopen Jan. 1, the 587 rooms will have a modern Roman touch.
A ballot measure that restricts Airbnb and other house-sharing services in San Francisco will be voted on this Election Day. If passed, the ordinance will restrict the number of days a residence may allow an unhosted stay, require periodic reporting to the government about such days, allow neighbor lawsuits, and more.
Starwood Hotels & Resorts interim CEO Adam Aron has just announced the imminent completion of a deal to either sell the company or merge with another (he would not give specifics), confirming much speculation. Hyatt along with three Chinese companies are on the list of rumored candidates.
Lastly, New York City’s Hotel Week 2016 is approaching fast. The two-week event will allow travelers to book prime Big Apple accommodations in early January for a fraction of normal cost. Boutique hotels in Times Square and the Meatpacking District are included, plus Midtown’s Library Hotel, widely considered Manhattan’s best.
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