Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."» Read More
In the midst of an $8 billion growth spurt, Sheraton will open a record 38 newly constructed hotels in the next 12 months, including several in Iraq.
FMHR traders Pete and Jon Najarian debate if Wynn Resorts or Las Vegas Sands is the better investment for your portfolio.
Internationally, tourism numbers are strengthening amid rises in business travel, hotel construction and airline trips.
Nathan Blecharczyk, Airbnb co-founder and CTO explains his company's business model and discusses the tax implications they will soon face. Benjamin Horowitz, Andreessen Horowitz general partner, provides insight.
A new report suggests that America's national parks have an economic impact that extends beyond their boundaries.
About half a million Americans legally travel to Cuba every year, and tour professionals are hopeful that policies may change to allow more.
Darden Restaurants isn't just defending itself against activists. It's also trying keep critical analysts out of the public eye.
McDonald's is planning to expand "build-your-own burger" concept, as it aims to adopt the customization trend in the fast-food industry.
Christopher Nassetta, Hilton Hotels president & CEO, discusses the weather's impact on hotel industry and the company's earnings. Nassetta also explains why he is optimistic with his forecast for 2014 and weighs in on the competition.
Delta said it will become the latest carrier to change its frequent-flier program to a system based on ticket price rather than miles.
It may be time for Darden Restaurants to let shareholders take Red Lobster into their own hands.
Why should Corporate America support the gay community? It can't afford not to, says Marriott CEO Arne Sorenson.
As lending options returned last year, hotel companies have ramped up construction, including Best Western, which is aiming for a more upscale market.
Marathons represent big business opportunities for hotels. What properties are doing to draw in runners as guests.
Hundreds of more flights are canceled as airlines struggle with storm-battered Valentine's weekend schedules.
A stay in the royal penthouse suite at the Hotel President Wilson in Geneva is the world's most expensive hotel room, according to Wealth-X. The Asia Squawk Box team discuss. (EDITOR'S NOTE: Wealth-X has clarified that the Four Seasons Hotel offer is $45,000 per night, not $41,000).
About 67 million international travelers visited the United States in 2012, a number boosted by a $72 million marketing program.
Winter travel is up, especially among people booking near-term trips to warm-weather destinations.
Dallas, Seattle and other cities are connecting their airports to downtown by rail in hopes of easing headaches and attracting more business.
Ted Knighton, Interstate Hotels & Resorts president & COO, discusses the reality of building in Sochi and provides insight into the challenges hotel operators are facing at the Olympics.