⚡ Blackstone Real Estate Hotel Investments

⚡️ Top Hotel News

💰 Blackstone to Cash Out Big on Turtle Bay Resort Sale to Host Hotels

⚡ Blackstone Real Estate is cashing in on its investment in the iconic Turtle Bay Resort on Oahu's North Shore, selling the 450-room property to Host Hotels & Resorts for a whopping $725 million. This marks a major windfall for Blackstone, which acquired the resort from Oaktree Capital Management for just $332.5 million back in 2018.

🏨 Biltmore Village DoubleTree Redevelopment Project to Introduce New Hotels and Housing for $180M

⚡ Biltmore Farms LLC plans to demolish the DoubleTree by Hilton in Biltmore Village and redevelop the area near the Biltmore Estate into a $180 million mixed-use project with residential, commercial, and hotel buildings connected by new sidewalk paths.

🤖 AI Company Expands Concierge Services to 20 Nashville Hotels with Plans for Further Expansion

⚡ Metaguest AI Incorporated is expanding its advanced AI technology to 20 Nashville hotels, aiming to enhance the concierge experience in the hospitality industry without the need for an app or website.

💸 Worker Explains Why Hotels Are Profiting from NYC's Shelters for Undocumented Immigrants

⚡ A former hotel worker told Fox News Channel on Monday that hotels involved in New York City's shelter program for illegal immigrants are making significant profits, with average room costs rising from $277.92 in 2022 to $301.61 in 2023 and over 130 hotels participating, contributing to a shortage of rooms for tourists and other travelers.

🤝 TPG Hotels & Resorts to Oversee Management of Two Washington, D.C. Hotels

⚡TPG Hotels & Resorts will manage two upscale independent properties in Washington, D.C., namely The Glover Park Hotel and The Graham Hotel, both situated in the Georgetown neighborhood, as part of the INTERA Collection.

🚁 Aria Hotels to Develop Four Vertiports in Greece

⚡ Aria Hotels, part of the Libra Group, will construct and manage four vertiports across Greece, investing €50 million to support regional connectivity and sustainable tourism with eVTOL aircraft. They'll oversee 10 Alia eVTOLs leased from Beta Technologies through LCI, another Libra Group subsidiary.

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