Red Lion officials said they are eager to partly own as well as to manage the proposed $36-million hotel, to be built on Central Avenue just north of the Ventura Freeway. The action was unusual because hotels generally are financed by independent investors, not by the operating chain.
He built the extra floor without a permit. The neighbors complained and he lost the ability to build out the floor. The county, which governed the area at the time, accused Ashkenazy of exceeding the height limit of the original plan and prevented him from developing the floor for occupancy.
José Andrés Group CEO Sam Bakhshandehpour is stepping away from the top role in the company's hospitality and media empire. Andrés tells Washingtonian his longtime friend and board member David Strasser-a managing director in venture capital firm Swan & Legend and former board member of Cava-will become the next CEO. The change is a "good next phase for all!," Andrés says in a text message.
When Isadore Sharp opened a single hotel in Toronto back in 1961, he couldn't have imagined the global hospitality empire that would emerge six decades later. Today, as Four Seasons celebrates its 65th anniversary, the luxury brand isn't just reflecting on its storied past: it's charting an ambitious course for the future with a strategic expansion that will reshape the landscape of luxury hospitality worldwide.
Excitement on the ground is only exceeded by the facts, after a record-setting summer that saw downtown hotels finally beat pre-pandemic occupancy rates. Convention business is booming with the new Summit building complete, and cruise and concert travelers are back in full force. The average room now fetches north of $300 a night-a sign that demand has rarely been higher. And yet much higher it will go, with optimism running at a fever pitch ahead of the 2026 FIFA World Cup.
City Realty submitted the application for the 96-room hotel on an approximately 8,000-square-foot site to the Boston Planning and Development Agency on Aug. 11. According to the application, the developers hope to cater to diverse visitors, specifically families visiting students at nearby universities, business travelers, and tourists. The building will include four covered temporary parking spaces and a valet service at the rear.
After six years of stalled development, the Raleigh hotel project in Miami Beach could change hands for around $275 million, as Nahla Capital has reportedly won the bidding process.