Corporate/Finance: Page 14

  • The main room of the Omnia with large blue chandalier and booths
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    Courtesy of Mohari
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    Mohari Hospitality to acquire Tao Group for $550M

    The deal, expected to close in May, also includes an agreement by Madison Square Garden Entertainment to sell its majority stake in Tao.

    By Michele Laufik • April 18, 2023
  • Exterior image of Miami hotel
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    Tom Grizzle via Getty Images
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    Ennismore, Cain partner to grow Delano brand

    The partnership will refurbish the landmark Delano South Beach and expand the brand to new global markets.

    By • April 14, 2023
  • Downtown Albuquerque, New Mexico.
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    halbergman via Getty Images
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    US hotel GOPPAR exceeds pre-pandemic levels

    Hospitality analytics firm STR’s February data shows the industry is steadily recovering, with meetings driving revenue.

    By Michele Laufik • April 10, 2023
  • A composite of a hotel building including EV charger and money.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images 

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    Deep Dive

    5 trends shaping hotel strategies in 2023

    As hotels return to levels of business not seen since 2019, they are finding a new world of hospitality with rapid developments in technology, sustainability, business travel and more.

    By Mike Dunphy • April 3, 2023
  • Money increasing
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    Sakorn Sukkasemsakorn via Getty Images
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    Reeco raises $10M to help hotels fight supply chain woes

    The AI-powered marketplace connects hospitality buyers and suppliers — providing a new, cost-effective way to order and receive products.

    By • March 29, 2023
  • Silicon Valley Bank logo
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    Justin Sullivan via Getty Images
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    Hotel startups, investors evaluate standing following SVB collapse

    The collapse of Silicon Valley Bank may not have a huge impact on the hotel industry, but existing investor activity could pose a challenge for startups in the sector. 

    By • March 27, 2023
  • The front entrance of the Redmont Hotel in Birmingham, Alabama.
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    Permission granted by Raines
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    Raines plots expansion with acquisition of HP Hotels

    The deal, announced in March, not only expands Raines’ geographic footprint but also boosts the hospitality company’s property management capabilities.  

    By Mike Dunphy • March 20, 2023
  • office of Silicon Valley Bank
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    Justin Sullivan/Getty Images via Getty Images
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    Bank failures cause uncertainty for contractors

    The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.

    By Sebastian Obando • March 16, 2023
  • Attendees walk around the New York Build Expo conference floor.
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    Sebastian Obando/Hotel Dive
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    NYC office, hotel sectors show signs of life

    “New York is back,” but in a way that differs from its pre-pandemic level, a presenter at this week’s New York Build conference said.

    By Sebastian Obando • March 10, 2023
  • The exterior of a Marriott hotel on February 14, 2023 in Austin, Texas.
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    Brandon Bell via Getty Images
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    Marriott names head of IT with background in sales, revenue

    The hospitality giant promoted Drew Pinto to EVP and chief revenue and technology officer, as part of a broader leadership reorganization.

    By Lindsey Wilkinson • Feb. 27, 2023
  • rendering of the $4 billion development in Long Island, New York.
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    Courtesy of Las Vegas Sands
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    Las Vegas Sands plans $4B casino development in Long Island, NY

    The sprawling hospitality and entertainment project, which still needs approval, would include a variety of amenities.

    By Sebastian Obando • Jan. 18, 2023