Lastest Hotels News

Sternlicht: The power of OTAs driving hotel mergers
NEW YORK — Barry Sternlicht, founder and former CEO of Starwood Hotels & Resorts and current CEO of Starwood Capital (operator of 1 Hotels and Baccarat Hotels & Resorts), gave his analysis of why Marriott International is acquiring Starwood Hotels: …
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Why Airbnb doesn't spell doom for the hotel business … yet
Airbnb, the tech company that allows travelers to book rooms directly from homeowners, crossed the 2 million listings mark in 2015. And the company has sometimes touted itself as an alternative to hotels. But according to analysts at Deutsche Bank, the …
Read more on Business Insider

London Boutique Hotel Firm Buys Downtown Building
The move could help create a sort of boutique hotel hub in the southern portion of Broadway. Private investment firm Ennismore of London bought the property at 1060 S. Broadway, known as the Los Angeles Railway Building, for $ 30 million, according to …
Read more on LA Downtown News Online