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Gansevoort Founder Developing London Lifestyle Hotel

Gansevoort Founder Developing London Lifestyle Hotel

NEW YORk—Michael Achenbaum, the man behind New York-based Gansevoort Hotel Group, has partnered with Douglaston Development, SUSD, and Hondo Enterprises to develop a full-service urban resort in East London’s Shoreditch district, set to break ground early next year. The $98 ...

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Destination Hotels to Manage La Cantera Resort

Destination Hotels to Manage La Cantera Resort

SAN ANTONIO, Texas—USAA Real Estate Company announced a change in management in its La Cantera Resort. Effective Dec. 12, the hotel will be known as the La Cantera Hill Country Resort and will be managed by Denver-based Destination Hotels and ...

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Hilton IPO Raises $2.3 Billion

Hilton IPO Raises $2.3 Billion

On Dec. 12, Hilton stocks began trading on the New York Stock Exchange (NYSE) for the first time since Blackstone took the company private in 2007. The Hilton IPO marks a record offering for a lodging company, raising over $2.3 ...

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Hotel Industry Urges Congress to Pass Budget Deal

Hotel Industry Urges Congress to Pass Budget Deal

A bipartisan deal was announced on Dec. 10 that would set spending levels for the federal government for two years and partially replace unpopular spending cuts of the sequester with other savings. The negotiations were led by House Budget Chairman ...

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