Stay updated with breaking news from Infinity World Development Corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), one of the world's most successful lodging franchisors, today announced that it has proposed eight independent, highly qualified individuals to stand for election at the 2024 Annual Shareholder Meeting of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham").
All year long, there has been strong leisure demand and high casino revenue in Las Vegas.
MGM Resorts International is selling the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion ...
Both transactions are expected to close in the third quarter. The closing of the Infinity World transaction is not contingent on the closing of the transaction with Blackstone, MGM said. Following the Blackstone acquisition, MGM Resorts will pay Blackstone $215 million per year in rent and continue to operate the hotels. Blackstone owns stakes in the real estate of other MGM hotels in Las Vegas. In 2020, Blackstone acquired nearly 50% of the Mandalay Bay and MGM Grand real estate. In 2019, Blackstone acquired 95% of the Bellagio real estate. In each of those deals, MGM Resorts pays rent and o...