Hospitality Archives | Page 14 of 15 | CREtech
Knotel allegedly owes $169,040 to 25 West 26th Street Inc. — which property records tie to Brooklyn-based Noam Management — after it stopped paying rent from March until June for its 10,000-square-foot space at 25 West 26th Street, between Broadway and Avenue of the Americas, according to the lawsuit filed yesterday ...
As lockdown restrictions begin easing in the U.S., the Malibu beachfront property owned by Soho House, a private members club for the jet-set, has reportedly begun to reopen. That’s good news for the company, which also secured an investment of $100 million from new and existing shareholders, Sky News reported.
Set in the kelly-green hills of Ireland’s County Clare, Dromoland Castle is the type of getaway that never sits empty. Why would it, with a pampering spa tucked behind 16th century walls, a par-72 championship golf course, and more stars on travel review sites than in all of Hollywood? And yet, in the wake of Cov...
Flexible-office provider Knotel lost $223 million last year — even before coronavirus flipped the office market on its head. Company financials, obtained by Business Insider, reveal the startup lost $49 million during the first quarter, ending the period with $36 million in cash on hand. At the time, it reported total assets of $110 million, less than half its total liabilities of $238 million, ...
The pandemic that hit New York’s hotel industry harder than any other U.S. lodging market is expected to leave thousands of rooms there closed permanently, as the city starts to reopen after months of lockdown. New York hotels went into the coronavirus crisis suffering from falling occu...
Hoteliers are seeing new demand — and revenue-generating opportunities — from remote workers who don’t necessarily want to work from home, and executives say this business might have staying power. Pre-pandemic, many hotels offered daytime rates for guestrooms and other services to corporate travelers seeking short-term stays — on flight layovers, for example. A somewhat new demand for tha...
The world’s largest hotel companies have all come forward in recent weeks to announce new cleaning playbooks. In February, news from the Wynn Las Vegas included plans for Valentine’s Day (among the offerings: a “Lover’s Menu for Two”) and N...
When travelers return, hotels will be different places, replete with new technology used to provide a safer post-pandemic environment, hotel operators and other experts say. Some new hotel tech will be an acceleration of trends underway before the pandemic, such as contactless, touchless check-in.
Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good. Ending weeks of speculation and rumor, CEO Jordan Allen said revenue dried up during the coronavirus pandemic, and in March, the firm failed to raise $30 million in funding that would have let it stay open.
Danny Meyer, head of Union Square Hospitality Group, which owns New York City hotspots Union Square Cafe and Gramercy Tavern, has said that some of his restaurants probably won't open until there's a coronavirus vaccine.