Tag Archives: Hilton

Investment firm loses former Trump hotel to foreclosure auction

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Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt. Continue reading →

Hyatt, Hilton among those accused of price-fixing in new antitrust suit

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A lawsuit filed last week in California alleges the hotel industry engaged in illegal price-fixing using AI software. Continue reading →

Airbnb now has more listings than before the pandemic

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Small towns, rural areas and resort-oriented communities have proven to be the most resilient markets for short-term rental supply during the COVID-driven tumult of the last year. Continue reading →