Ownership
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Amaterra Hospitality Group Acquires RiverPlace Hotel
PORTLAND, Ore. — Amaterra Hospitality Group has acquired the 85-room RiverPlace Hotel in downtown Portland and selected CoralTree Hospitality to manage the property. The hotel is located along the Willamette River on Portland’s south waterfront. Its 85 guest rooms and…
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People Incorporated Proposes Acquisition of MGM Resorts
NEW YORK — People Incorporated, formerly IAC, has submitted a nonbinding proposal to acquire all outstanding shares of MGM Resorts International that it does not already own for $48.30 per share in cash. People Incorporated already owns 26.1% of MGM’s…
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Fertitta Entertainment to Acquire Caesars in $17.6 Billion Deal
LAS VEGAS and RENO, Nev. — Caesars Entertainment Inc. has entered into a definitive agreement to be acquired by Fertitta Entertainment Inc. in an all-cash transaction valued at about $17.6 billion, including the assumption of approximately $11.9 billion of Caesars’…
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Massanutten Resort Breaks Ground on New Active Adult Development
MASSANUTTEN, VA — Massanutten Resort has announced in a press release the groundbreaking of its new 55+ active adult community, BluestonePeak at Massanutten Mountain, which is expected to welcome its first residents to the heart of Virginia’s Shenandoah Valley next…
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Hotel Glorieta Opens in Santa Fe, New Mexico
SANTA FE, NM — Hotel Glorieta, a new leisure resort perched on a scenic hilltop above downtown Santa Fe, has opened according to a press release. Owned by Bullwhip Capital and JMI Realty — who are also behind Santa Fe’s…
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AAHOA Statement on Passing of Jayantilal “JK” Patel
ATLANTA, GA — Asian American Hotel Owners Association Chairman Kamalesh “KP” Patel has issued a statement on the passing of one of AAHOA’s Past Chairs, Jayantalil “JK” Patel, who passed over October 28, 2025, at the age of 85. “JK…