Patrick Scholes News
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Marriott International Inc., the largest publicly traded U.S. hotel chain, said first-quarter earnings rose 31 percent as demand increased from business travelers in such U.S. cities as New York.
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Marriott International Inc., the largest publicly traded U.S. hotel chain, said earnings gained 28 percent on rising travel demand across the country.
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Lew Wolff , co-owner of the Oakland Athletics baseball team, began acquiring luxury hotels in the 1990s, when they were considered a risky investment. Now he may be selling as rivals are buying properties.
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Sam Nazarian, the Los Angeles restaurant and nightclub owner, plans to open an $85 million SLS Hotel in New York, the first in the city for the luxury brand.
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Marriott International Inc., the largest publicly traded U.S. hotel chain, said second-quarter profit climbed 13 percent, helped by growth at its international locations.
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The Hotel Chelsea, a Manhattan landmark where Bob Dylan , Andy Warhol and Eugene O’Neill once lived, was put up for sale by the families that owned and operated it for more than 65 years.
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Hyatt Hotels Corp. , the chain controlled by the Pritzker family, fell more than 3 percent in New York trading after reporting a decline in earnings before some items because of renovation costs.
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Marriott International Inc. , owner of the JW Marriott and Ritz-Carlton brands, rose in New York trading after saying it would spin off its timeshare operations.
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MGM Resorts International, the biggest casino operator on the Las Vegas Strip, reported a narrower third-quarter loss after taking control of its Macau venture. The shares fell as cash flow missed some estimates.
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Marriott International Inc., the largest publicly traded U.S. hotel chain, had a third-quarter loss after recording costs related to a timeshare business it’s planning to spin off.
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