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Fattal Buys Its First U.S. Hotel, Testing an Asset-Heavy Model

Fattal Buys Its First U.S. Hotel, Testing an Asset-Heavy Model

Fattal Hotel Group has bought its first hotel in the U.S., a modest deal that carries an outsized signal. The company said Wednesday it had taken over The Blakely, a pre-war hotel on West 55th Street in Midtown Manhattan, for $38.5 million. It will shut the property...
Revenue surges in U.S. host cities for World Cup: Travel Weekly

Revenue surges in U.S. host cities for World Cup: Travel Weekly

Hotel performance in U.S. host cities for the 2026 FIFA World Cup is running well above earlier projections, according to CoStar data.In May, CoStar had forecast a 13% year-over-year increase in RevPAR for U.S. host cities during the tournament, which began on June...