Margaritaville resort in Mo. gets $60.5M refinancing loan
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(Margaritaville Lake Resort) |
Starwood Mortgage Capital and Goldman Sachs Bank USA have provided a $60.5 million loan to Driftwood Capital that will be used to refinance the 520-room Margaritaville Lake Resort, Lake of the Ozarks in Osage Beach, Mo. Driftwood recently finished the addition of 26 guestrooms at the resort, which features a golf course, marina, spa, seven restaurants and an indoor water park.
Full Story: Hotel Business (tiered subscription model) (1/29)By the end of 2026, Minor Hotels plans to open more than 200 new hotels, boosting its global footprint by approximately 40% and bringing its total room count to about 110,000. Half of the new properties will be in Asia, and the Middle East and Europe will each add more than 50 hotels. Full Story: Hotels Magazine (1/29) |
Interbay Urban Investors plans to build a five-story boutique hotel with 22 suites on a vacant lot in Seattle's Interbay neighborhood. The $7 million project will feature rooftop pickleball courts and a 3,000-square-foot restaurant and bar. Full Story: Connect CRE (1/29) |
Singapore's Marina Bay Sands has been granted approval by the country's Urban Redevelopment Authority to add a fourth hotel tower that will feature 587 guestrooms and more than 131,000 square feet of retail space. The hotel is part of the integrated resort's expansion project, which is also expected to include a live entertainment arena, meeting rooms and a rooftop attraction with a signature restaurant and sky pool. Full Story: Inside Asian Gaming (Macao) (1/29) |
US hotels are expected to pay a record high of $123 billion in wages in 2024, which is $5 billion more than last year's figure and $11 billion over pre-pandemic numbers, according to a report from the American Hotel & Lodging Association. Hotels are also estimated generate an all-time high in federal, state and local tax revenue. Full Story: TravelPulse (1/29) Chefs in Mexico have been experimenting with uses for vanilla beyond dessert for decades, hoping to spark a renaissance for the spice that struggles with theft, labor-intensive production and competition from cheap artificial versions, especially in the city of Papantla, which led global vanilla supplies a century ago. "The identity of our town is vanilla, like tequila in Jalisco, like the tulips in the Netherlands," said Lorenzo Collado, owner of Papantla's Naku restaurant, which serves squash soup with vanilla seeds and shrimp in a creamy vanilla sauce. Full Story: Los Angeles Times (tiered subscription model) (2/5) |
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