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Today in the news

Rebag expands into 2nd brick-and-mortar space
posted on Apr 23 18

Online luxury reseller Rebag opened its second brick-and-mortar store on New York City’s Upper East Side. The four-year-old company, which buys and sells bags including upscale brands Dior and Prada, launched its flagship in Manhattan’s SoHo neighborhood last year. Read the Fast Company online story here

Posted by: Mike Pallerino
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Starwood, other potential buyers line up to bid on LaSalle
posted on Apr 23 18

Starwood Capital, Blackstone Group and Park Hotels & Resorts are among those interested in buying LaSalle Hotel Properties, a real estate investment trust facing a takeover bid from Pebblebrook Hotel Trust. Read the Bloomberg story here

Posted by: Mike Pallerino
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2017 TrevPAR for full-service hotels in US rises 2.5%
posted on Apr 23 18

Total revenue per available room increased 2.5% in 2017 for full-service hotels, according to a report from HotStats. A 2.4% gain in F&B revenue helped fuel the increase. Read the Lodging magazine story here

Posted by: Mike Pallerino
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Ritz-Carlton to launch fleet of cruise ships in 2020
posted on Apr 23 18

Ritz-Carlton is taking its iconic brand to the high seas with a trio of cruise ship hotels that will start sailing in 2020. Read the South China Morning Post story here

Posted by: Mike Pallerino
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Primark aims to make a bigger mark in US retail
posted on Apr 20 18

UK-based fast-fashion retailer Primark is set to open its ninth U.S. store in Brooklyn, N.Y., in May, and its plans also call for a Florida store next year, the first U.S. location that will be outside the Northeast. The chain, known for its low-priced fashions, is expected to find favorable lease deals as U.S. retail landlords look to fill space. Read the Bloomberg story here

Posted by: Mike Pallerino
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