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Title: Hotel Industry News | Hotel Dive

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The company also saw “exceptionally strong development activity” in the third quarter, as it looks to expand its brand presence across the U.S., said CEO Mark Hoplamazian.


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The StandardX Times Square, billed as the “irreverent younger sibling” to The Standard, will feature an observation deck, a rooftop pool and a “free-fall thrill ride” in the city’s Theater District. 


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Hours before reporting revenue and adjusted EBITDA declines for the quarter, MGM announced it amended its existing Voting Agreement with its largest shareholder.


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Caesars did not host an earnings call to address its systemwide earnings results for the third quarter, citing the $17.6 billion go-private deal.


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Systemwide RevPAR increased 5.8% year over year during the quarter, driven by strength in demand and “favorable macro trends,” CEO Chris Nassetta said on an earnings call.


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