Month: December 2018
Maryland may be home to the next Great Wolf Lodge. Officials in Perryville and Cecil County said they are close to finishing a deal for a $200 million waterpark resort on a site next to the Hollywood Casino in Perryville. The development is expected to open by summer 2022. The proposed resort will feature an indoor/outdoor waterpark, climbing
Imagine Hotels and Resorts is partnering with Hasbro to develop a themed indoor waterpark resort, set to open in 2022. While the location has yet to be named, the resort will feature themed hotel rooms and entertainment, an indoor water park and experiences inspired by Hasbro brands, including My Little Pony, NERF, Monopoly, Mr. Potato
Great article from Hotel News Now that looks at the possible challenges facing hotel financing over the next decade: Published by: Zak Selbert/Hotel News Now Published date: December 2018 This economic cycle has been long by historical standards. Hotels have been improving their performance for ten years straight, despite headwinds including Airbnb, oversupply, rising costs
Congratulations to our client, VisitFrisco and the Frisco Economic Development Corporation on the announcement that the PGA of America is moving its headquarters from Palm Beach County, Florida, to Frisco, where it will anchor a 600-acre, mixed-use development with an initial investment worth more than a half-billion. Part of the development will include an Omni
Dual-branded hotels have gained popularity over the past several years. The following article from CBRE examines the operating efficiencies and discusses whether these dual-brands deliver them to owners. DUAL-BRANDED HOTELS: BEWARE EXPECTATIONS OF SIGNIFICANT OPERATING EFFICIENCIES Published by: Robert Mandelbaum and Gary McDade/CBRE Published date: December 2018 For the past four years the opening of