The Actors Believability.
$2.4 billion Revel Hotel and Casino has been bought for $200 million by a
Colorado development company after closing two years into business. It will be
rebranded as Ocean Resort Casino and is expected to open in summer 2018. The
hotel opened in 2012 and after facing stiff competition and poor decisions
closed in 2014 after making a $185 million loss in the previous year. The rebranded
property sitting on 20 acres along the Atlantic City Boardwalk will have 1399
rooms, 138000 sq. ft. of gaming space and will provide between 2500-3000 jobs.
Worldwide Corp on Thursday to buy La Quinta Holdings Inc.’s hotel franchise and
management business for $1.95 billion cash. This will be after La Quinta makes
its real-estate assets a separate company, CorePoint Lodging Inc. that will be
led by La Quinta’s CEO Keith Cline. La Quinta shareholder will receive $8.40
per share. Wyndham will repay La Quinta’s $175 million debt and set aside $240
million for taxed related to the split. The deal will add to Wyndhma’s 9000
hotels in 75 countries with La Quinta immediately becoming one of its flagship
state of Washington is suing Motel 6 alleging that the hotel provided detailed
information about guests to federal immigration authorities multiple times for
at least two years in a row, from about January 2015 to September 2017. This
includes: daily list of guests, their names, driver’s license numbers, dates of
birth and room numbers. This, according
to Washington Attorney General Bob Ferguson is violation of state’s Consumer
Protection Act. He also said that sharing the information is also against the
from sharing guest information without warrant. In September the hotel
management said that such activities were not in their awareness.