operations
MGM Resorts International Completes Acquisition of Las Vegas’ The Cosmopolitan Operations for $1.625 Billion
MGM Resorts International | May 18, 2022
LAS VEGAS, May 18, 2022 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "company") today announced the closing of its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion. With the closing of the transaction, The Cosmopolitan of Las Vegas officially joins MGM Resorts' roster of iconic brands along the Las Vegas Strip. "This is a big moment for our company and for the Las Vegas Strip. The Cosmopolitan of Las Vegas has already established itself as one of the Strip's premier resorts with an iconic brand, w...
Cloudbeds Earns Spot on Forbes’ List of America’s Best Startup Employers for Second Consecutive Year
Cloudbeds | April 27, 2022
Remote-first hospitality tech company proves company culture doesn’t have to be built in an office (SAN DIEGO) — Cloudbeds, the hospitality industry’s fastest-growing technology provider, announced it has been selected by Forbes as one of America’s Best Startup Employers of 2022. The annual list recognizes the top 500 companies in the United States based on employer reputation, employee satisfaction and growth. This is the remote-first company’s second consecutive year on the list. “Our number one responsibility as leaders is to build environments where people can be successful,” said Adam Harris, CEO and co-founder ...
Leveraging Mobile Technology to Combat 5 Common Hotel Operational Hiccups
Stayntouch | April 27, 2022
How mobile tech can streamline back-of-the-house operations while enhancing the guest experience By Priya Rajamani, VP of Implementation & Support | Stayntouch Efficient operations are the backbone of any well-run hotel and the foundation of an exceptional guest experience. While targeted marketing and digital personalization are important components of a successful guest journey, they accomplish little if the guest has to wait in a long line for check-in, sleep in a hastily-cleaned room, or call multiple times to receive room service. In this article, we’ll look at five common sticking points that plague hotel operations, and ex...
Cloudbeds Releases New Guide for Future-Proofing Every Type of Lodging Business
Cloudbeds | April 20, 2022
Expert team behind leading hotel technology platform unlocks industry insights to empower owners and operators to drive more bookings, build a better guest experience and navigate the future of hospitality (SAN DIEGO) — Cloudbeds, the hospitality industry’s fastest-growing technology provider, announced today the release of a new book titled, More Reservations, Happier Guests: The Ultimate Guide for the Modern Hotelier, as part of the company’s growing initiative to make hospitality education and resources more accessible. Now available to download at Cloudbeds.com, the guide breaks down the jargon to offer lodging owners and operato...
What to Look for When Sourcing Out Your New Cloud PMS
Warren Dehan | April 19, 2022
Not all Web browser-based property management systems are alike, and not all need to reside in the cloud; Five things independent hotels will want to know about implementing this technology By Warren Dehan Today’s hotel operators are on the move more than ever and many are challenged with not enough time or staff to manage operations in this new landscape. Hoteliers are telling us they need more mobility for remote staff, on-the-go users, and guest self-serve environments, which is why more properties are taking command of their property using Web browser-based systems. These platforms give operators the freedom to control their prope...
BLLA Welcomes Hybrid Hospitality Pioneer Edyn to Its Prestigious Hotel Program
the Boutique Lifestyle Leaders Association (BLLA) | April 12, 2022
11 Boutique Hotels in Europe Join the Boutique Community Los Angeles - April 12, 2022 – Pioneering European hospitality group, edyn, joins BLLA’s distinguished program for authentic boutique and lifestyle hotels. edyn’s Chief Development Officer, Eric Jafari, joined the Boutique Lifestyle Leaders Association as an Advisory Board member for 2022. Through BLLA’s vetted application process, edyn’s lifestyle aparthotel brand, Locke, was accepted into the exclusive program, including: Beckett Locke - Dublin, Ireland, Bermonds Locke - London, UK, Buckle Street Studios by Locke - London, UK, Eden Locke - Edinburgh, UK, Kingsland Loc...
Salter Brothers’ Recent Travelodge Portfolio Acquisition to Join Accor in 2023
SALTER BROTHERS | April 1, 2022
In one of Australia’s largest hotel management portfolio agreement deals for over a decade, Salter Brothers has announced that its portfolio of hotels, acquired as part of the recent Travelodge acquisition, will be joining the global hotel giant Accor at the start of the 2023 financial year. The management agreement, which includes an industry-leading link to ESG outcomes, will see its hotels (2000+ rooms) rebranded to ibis Styles, Mercure and Novotel hotels when they join the 340+ Accor network of hotels, apartments and resorts across Australia. Paul Salter, Managing Director of Salter Brothers confirmed that the signing was an excitin...
Serviced Apartment Operators Demonstrate Versatility and Innovation Which Is Driving Success
HVS | March 31, 2022
London - March 31, 2022 - The versatility of serviced apartments and the willingness of operators to embrace new concepts are two of the key factors driving the sector’s on-going success, with new brands emerging that focus on co-living and the combination of work and home. Launching its annual Service Apartment Sector in Europe report this week, global hotel consultancy HVS highlights the fact the sector is still very much in a period of expansion, with over 13,000 units expected to open in Europe over the next four years. In addition, operators have been quick to respond to changes in the way people travel and the blending of hom...
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