Scathing report leads to 2-year probation for Crown | $2B project in Indonesia to include MNC Park theme park | Choice Hotels moving HQ to Federal Realty development
The Australian government will closely monitor Crown Resorts Ltd. for two years to determine whether it will retain its Melbourne casino license after a probe found the company guilty of "illegal, dishonest, unethical and exploitative" conduct. Failure to provide intervention to problem gamblers topped investigator Ray Finkelstein's list of alleged Crown misdeeds.
MNC Group has begun work on its 3,000-hectare tract development in the West Java provincial district of Lido, near Jakarta, Indonesia. Work on Phase I of the $2 billion project, which includes a six-star hotel, a theme park called MNC Park and a golf course, is set to be finished in 2027.
Choice Hotels International is relocating its headquarters to the North Bethesda area in Maryland and will occupy 105,000 square feet at a building that will be constructed at Federal Realty Investment Trust's Pike & Rose development. That lease will account for about 40% of the property, which is expected to include 276,000 square feet.
Losses from the pandemic have pushed one of Mexico's largest hotel chains into a Chapter 11 bankruptcy filing in the US. Grupo Posadas says its hotels will continue operating while it pursues the debt restructuring.
A pair of hotel projects has boosted hopes for a long-sought revitalization of The Hill near the University of Colorado-Boulder campus, while raising concerns about changes to the quirky business district's character. Construction is underway on a 234-room hotel and conference center and a mixed-use property with a 189-room hotel.
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Th8 Palm boutique resort is scheduled to open Nov. 15 on Palm Jumeirah in Dubai, UAE. The new resort will have a glass-fronted five-star hotel, a sun-soaked terrace for al fresco dining, an infinity pool, a DJ booth, an outdoor bar, an Airstream-style food truck, a fitness suite, musical entertainment, VIP cabanas, several dining experiences and watersports.
San Francisco's near-century-old Abigail Hotel will reopen as a transitional housing center for homeless people, Mayor London Breed announced. The downtown landmark served as a shelter-in-place facility for youths during the pandemic before being closed down in June.
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