Monthly Archives: March 2020

Fitch considering downgrades for 15 hotel/resort CMBS deals due to coronavirus impact

Fitch has placed $7.76 billion of hotel-backed commercial mortgage securitizations on watch for possible bond downgrades, due to an expected collapse in short-term travel and tourism revenue from the country. coronavirus outbreak. Thirteen of the deals are further concentrated in being backed by a single large property, with most being …

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Todd English’s Virgin Hotel restaurant now has a location inside the renovated resort

Chef Todd English shares some more details about the opening of his new restaurant at Virgin Hotels when it debuts at the former Hard Rock Hotel in late fall. Chef teams up with JC Hospitality and CEO Richard Bosworth to open in former home of 35 Steaks + Martinis. “The …

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Eldorado Resorts sells Montbleu hotel-casino in Lake Tahoe

Eldorado Resorts is selling the Montbleu Resort Casino and Spa in Lake Tahoe as the gaming company continues to trim some of its portfolio in preparation for its acquisition of Caesars Entertainment. Eldorado announced the sale to Maverick Gaming on Tuesday, March 10. The regional gaming company was also the …

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