Scottsdale, Arizona- based Store Capital buys real estate from large tenants, such as chain restaurants, supermarkets and health clubs, and leases the properties back to the tenants. Reuters reported in July that Store Capital had hired banks to explore a potential offering that could raise $300 million to $500 million and value the company at about $2 billion.» Read More
U.S. business travel spending is expected to increase this year, led by more investment in trips to Western Europe.
Hotel operators are optimistic this will be a very good year for their bars, now stocked with fancy cocktails and experienced bartenders.
A "rat-a-tat, one after another" series of storms has left stranded travelers with few options unless they rebook early.
The hotel Santa is the latest in a line of do-gooders whose anonymous actions have come to light.
In fact, users of gaming sites operated by the Borgata have created more than 20,000 accounts to bet real money online in New Jersey, the casino's COO told CNBC.
Pot-friendly guides, activities and tours in Colorado are expected to expand as recreational marijuana sales become legal as of Jan. 1.
From edible pirate ships to elaborate villages, hotels are cooking up ways to entice travelers indoors for the holidays.
Decreasing sales and fewer visitors aren't the only problems Red Lobster is facing: Expensive shrimp are crimping the company's bottom line.
Patrick Scholes, Managing Director for Gaming & Lodging Equity Research at SunTrust Equity Research, says the landscape for U.S. hotel companies in Asia is challenging as the region is beset by so much new supply.
Hilton's large asset holdings and better valued competitors could undermine its long term potential, two hotel industry analysts told CNBC on Thursday.
Christopher Nassetta, Hilton Hotels president & CEO, discusses Hilton's IPO, global growth and what differentiates Hilton economically from other hotels. "There is a huge amount of value and growth with the real estate we own," Nassetta says.
Hilton raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of its range.
CNBC contributor Andrew Busch says Hilton has "dramatically cleaned itself up."
CNBC's Simon Hobbs reports Hilton will price its IPO at $20 per share, and is looking at a "modest" increase in number of shares it sells.
CNBC's Simon Hobbs provides insight into Hilton's IPO, and how the hotel held up since the industry crash in 2008. The FMHR traders "want in" on the stock.
Marriott is opening the tallest hotel in America, in New York, CNBC's Sue Herera reports. Janis Milham, Marriott Courtyard vice president and global brand manager, provides insight.
Marriott International CEO and President Arne Sorenson discusses the minimum wage and whether raising it would affect the company's bottom line.
Marriott International is switching over from trading at the NYSE to the NASDAQ. Arne Sorenson, Marriott International CEO & president, discusses what's behind the hotel's move and what it means to shareholders. "The world has changed and the physical location of an exchange floor is much less important," Sorenson says.
McDonald's has committed yet another employee advice blunder, listing on its worker resource website pricey suggestions for holiday tipping.
Kirk Kinsell, president of IHG Americas, tells CNBC's Simon Hobbs Even Hotels are a total wellness offer; they give the opportunity to maintain dietary needs as well as get a great night's sleep.