Category Archives: News

This is the category for the ‘recent news’ that feeds on the home page

Rebag expands into 2nd brick-and-mortar space

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 …

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Starwood, other potential buyers line up to bid on LaSalle

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

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2017 TrevPAR for full-service hotels in US rises 2.5%

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

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Ritz-Carlton to launch fleet of cruise ships in 2020

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

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Primark aims to make a bigger mark in US retail

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, …

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Ritz-Carlton to launch fleet of cruise ships in 2020

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

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Loans for commercial real estate reach record $4.3T

Commercial real estate loans in the US are now worth a record $4.3 trillion. Some worry that a bubble exists due to elevated prices and a lack of stability. Read the Wolf Street story here

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Eldorado, Gaming and Leisure buy Tropicana for $1.85B

Eldorado Resorts and Gaming and Leisure Properties will buy casino operator Tropicana Entertainment for $1.85 billion. Gaming and Leisure will lease the properties to Eldorado under the terms of the deal, which has been approved by all three companies. Read …

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Shake Shack to test veggie burger in NYC stores

Shake Shack will begin testing its vegetarian Veggie Shack burger at three New York City locations this week. The burger, made with black beans, brown rice and roasted beets, will be available to order via Shake Shack’s app before a …

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American Dream complex could debut in 2019

The American Dream entertainment complex and mall in New Jersey is expected to be completed in March 2019, the developer says. Despite numerous delays, more than 450 retailers have signed on at the development, which will include an 8.5-acre theme …

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