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- 🤖 AI Still a Tool, Not a Threat to Hotel Jobs
🤖 AI Still a Tool, Not a Threat to Hotel Jobs
Zillow's Co-Founder Wishes They Did This Before The IPO
Spencer Rascoff co-founded Zillow, scaling it into a $16b real estate giant.
But everyday investors couldn’t invest until after the IPO, missing early gains.
"I wish we had done a round accessible to retail investors prior to Zillow's IPO," Spencer said.
Now he’s doing just that. Spencer has teamed up with another Zillow exec to launch Pacaso. Pacaso’s co-ownership marketplace is disrupting the $1.3t vacation home market. And unlike Zillow, you can invest in Pacaso as a private company.
With $100m+ in gross profits and rapid international expansion, Pacaso is scaling fast. Investors like SoftBank, Maveron, and more are already on board. Join them as a Pacaso shareholder.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. There’s no guarantee that Pacaso will file for an IPO.
🤖 AI Still a Tool, Not a Threat to Hotel Jobs
Despite rapid growth in AI, experts say it won't replace human roles in hospitality anytime soon. The industry relies heavily on personal service and human interaction. AI is being used to assist with tasks like bookings and data analysis, but full automation remains unlikely. Read more.
💰 Peachtree Plans SpringHill Suites Using EB-5 Funding
Peachtree Group is set to develop a SpringHill Suites in Phoenix, backed by EB-5 funding. The hotel will be located near Phoenix Sky Harbor International Airport. EB-5 funding allows foreign investors to gain U.S. residency by supporting job-creating projects like this. Read more.
✈️ Pan Am-Themed Hotel Coming to California in 2025
A new Pan Am-themed hotel is set to open in Napa Valley in 2025. The project pays homage to the iconic airline, with retro design, staff in vintage uniforms, and aviation memorabilia. It aims to attract both travelers and aviation enthusiasts. Read more.
🏗️ Ritz-Carlton Reserve Breaks Ground in The Bahamas
Cotton Bay Holdings Limited and Marriott International have started construction on a new Ritz-Carlton Reserve in South Eleuthera, The Bahamas. The US$200 million project will feature a 110-room ultra-luxury hotel and 97 branded residences. Set across 130 hectares, the resort will include fine dining, a wellness spa, swimming pools, and a championship golf course by Robert Trent Jones II. Completion is expected in 2027. Read more.
✨ Populus Hotel Opens in Seattle
The 45-room Populus Hotel has opened in Seattle’s Queen Anne neighborhood. The boutique hotel combines historic charm with modern amenities and aims to serve both tourists and locals. It features local art, contemporary interiors, and rooftop views. Read more.
📝 Mixed Reactions to NYC’s New Hotel Safety Act
New York City’s new Hotel Safety Act is drawing both praise and criticism. Supporters say it improves guest safety and working conditions, while opponents argue it adds costs and slows down hotel development. The law mandates 24/7 staffing, panic buttons, and more. Read more.
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