Caesars Entertainment and VICI Properties Complete Sale of Bally’s Atlantic City
Caesars Entertainment | November 19, 2020
NEW YORK - Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have completed the previously disclosed transaction to sell Bally’s Atlantic City to Bally’s Corporation (NYSE: BALY), previously known as Twin River Worldwide Holdings Inc., for $25.0 million. The proceeds of the transaction were split 75% to VICI and 25% to Caesars, while the annual base rent payments under the Regional Master Lease between Caesars and VICI remain unchanged. ...
Shiji Group and MCR Announce Agreement on the $46 Million Purchase of StayNTouch
Shiji Group | August 31, 2020
Shiji Group announces it's definitive agreement to sell StayNTouch for $46 Million to MCR, the fifth-largest hotel owner-operator in the United States. Shiji Group, a global hospitality technology provider, today announces it has reached a definitive agreement to sell StayNTouch to MCR, the fifth-largest hotel owner-operator in the United States, for the purchase price of $46 Million, including potential earnouts. The much anticipated announcement follows months of negotiations between the two parties after the U.S Administration, in March of 2020, ordered Shiji to divest of StayNTouch, a leading cloud hotel property management system ...
Appointments/People on the Move
All Things Independent
5 Senses Hospitality Management Launches AC Hotel Frisco Colorado by Marriott
Terranea Resort Appoints Troy Wood as New Director of Sales
Executive Chef Gavin Pera Joins Four Seasons Hotel Atlanta to Lead Culinary Team
Las Vegas, Phoenix and Florida Markets Lead U.S. Hotel Performance During Early Spring Break Period
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.