Ownership
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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…
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Cambria Hotel Portland – Pearl District Opens
PORTLAND, OR — The Cambria Hotel Portland – Pearl District has opened. According to a press release, it is the only hotel located directly on this city’s historic Park Blocks, a row of 24 narrow parks that date back to…