MAR Jan 2026 120.000 put
- Business Wire
EDITION Opens Its 20th Outpost in Jeddah, Reflecting a New Era for the Kingdom of Saudi Arabia
JEDDAH, Saudi Arabia, May 21, 2024--As Saudi Arabia sets its sights on creating a modern, thriving society through the goals outlined in its Vision 2030 roadmap, EDITION Hotels debuts in Jeddah, serving as a testament to this commitment of transformation. By capturing the vibrant spirit and unique character of Jeddah, EDITION Hotels is not just opening its first property in the region but introducing a category-defining concept that aligns seamlessly with the aspirations of the Kingdom’s manifes
- Skift
Marriott vs. Hilton: A Fee Fight for Hotel Dominance
While analysts fixate on room count and loyalty program growth, the real battle between hotel giants Marriott and Hilton is over the fees they charge owners and credit-card issuers.
- Reuters
UPDATE 1-Starwood REIT taps credit line as it faces withdrawal requests
Starwood Real Estate Income Trust has drawn nearly $1.3 billion from its $1.55 billion line of credit, its recent regulatory filing showed, as it fields withdrawal requests from investors worried about the troubles in the real estate sector. Run by Barry Sternlicht-led Starwood Capital Group, the $10 billion fund invests in real estate including multi-family and industrial properties, some of which have been battered by high interest rates and fears of loan defaults. Turmoil in the real estate industry has also hit regional banks like New York Community Bancorp, whose shares have lost nearly 65% since it reported a surprise quarterly loss due to its exposure to commercial real estate.
