Lodging

Hall of Fame Resort & Entertainment Company Announces Inducement Equity Grants

Monday, September 21, 2020 - 9:05pm

Hall of Fame Resort & Entertainment Company (HOFV or the Company) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls in Canton, Ohio, today announced that it granted to Tara Charnes, as an inducement to accept her appointment as General Counsel of the Company, 138,568 restricted stock units (the RSUs) with respect to the Companys common stock, $0.0001 par value.

Key Points: 
  • Hall of Fame Resort & Entertainment Company (HOFV or the Company) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls in Canton, Ohio, today announced that it granted to Tara Charnes, as an inducement to accept her appointment as General Counsel of the Company, 138,568 restricted stock units (the RSUs) with respect to the Companys common stock, $0.0001 par value.
  • The Company also granted to Erica Muhleman, as an inducement to accept her appointment as Executive Vice President of New Business Development/Marketing & Sales, 144,613 RSUs.
  • The Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame.
  • Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus.

SalesBoost and Beekeeper Forge Partnership to Provide Enhanced Hospitality Workforce Platform

Monday, September 21, 2020 - 6:00pm

SalesBoost, the leading on-demand skill-based learning and coaching platform, and Beekeeper, the leading employee communications platform, have entered into a strategic partnership to provide access to SalesBoost training courses for Beekeeper users via a seamless sign on from the Beekeeper app .

Key Points: 
  • SalesBoost, the leading on-demand skill-based learning and coaching platform, and Beekeeper, the leading employee communications platform, have entered into a strategic partnership to provide access to SalesBoost training courses for Beekeeper users via a seamless sign on from the Beekeeper app .
  • This partnership offers an exceptional opportunity for our users to advance their professional development and become better trained, better skilled and more confident, said Beekeeper Head of Hospitality, Andrada Paraschiv.
  • The frontline employees using Beekeeper constitute an ideal audience to benefit from the on-demand SalesBoost platform.
  • In a short time, we can ensure they learn how to enhance the outcomes of their customer interactions, said SalesBoost CEO and Founder Gretta Brooks.

Dollywood’s Harvest Festival Feels Fresh, yet Familiar

Monday, September 21, 2020 - 3:30pm

Dollywood's Harvest Festival presented by Humana takes place Sept. 25-Oct. 31.

Key Points: 
  • Dollywood's Harvest Festival presented by Humana takes place Sept. 25-Oct. 31.
  • Music plays an integral part of this festival, with the largest number of performances during any event ever at Dollywood!
  • With so many opportunities for creating vibrant new family traditions, Dollywoods Harvest Festival is a must-see experience this season.
  • Dollywood is open 10 a.m. 9 p.m. each day of operation (Sept. 25- Oct. 31) during the Harvest Festival.

Expedia Group Unveils New Widgets and App Clip for iOS 14

Monday, September 21, 2020 - 2:00pm

Expedia Group (NASDAQ: EXPE) today released new versions of the Brand Expedia, Hotwire and Vrbo iOS apps to take advantage of the capabilities available in iOS 14.

Key Points: 
  • Expedia Group (NASDAQ: EXPE) today released new versions of the Brand Expedia, Hotwire and Vrbo iOS apps to take advantage of the capabilities available in iOS 14.
  • The updated apps can be used by anyone on an iPhone with iOS 14 installed, and each app is available to download on the App Store at no cost.
  • The Orbitz and Travelocity apps will also support iOS 14 and include an upcoming trip widget in their next release.
  • Our family of travel brands includes: Brand Expedia, Hotels.com, Expedia Partner Solutions, Vrbo, Egencia, trivago, HomeAway, Orbitz, Travelocity, Hotwire, Wotif, ebookers, CheapTickets, Expedia Group Media Solutions, Expedia Local Expert, CarRentals.com, Expedia CruiseShipCenters, Classic Vacations, Traveldoo, VacationRentals.com and SilverRail.

Despegar.com Announces Closing of Investments by L Catterton and Waha Capital

Monday, September 21, 2020 - 11:15am

Furthermore, Messrs. Dirk Donath and Aseem Gupta were appointed by L Catterton Purchaser and Waha Capital, respectively, to the Companys board of directors, pursuant to the agreements reached with each fund.

Key Points: 
  • Furthermore, Messrs. Dirk Donath and Aseem Gupta were appointed by L Catterton Purchaser and Waha Capital, respectively, to the Companys board of directors, pursuant to the agreements reached with each fund.
  • Aseem Gupta is a Managing Director at Waha Capital, focused on the Private Investments business.
  • Mr. Gupta is responsible for managing strategic proprietary investments, deploying capital in new investments, and delivering successful exits.
  • For additional details regarding the L Catterton Purchaser and Waha Capital financings, see the Form 6-K filed by the Company with the U.S. Securities and Exchange Commission on September 21, 2020.

Condor Hospitality Announces Termination of Merger Agreement With NHT Operating Partnership

Friday, September 18, 2020 - 10:48pm

Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the "Company") today announced that it has terminated its merger agreement with NHT Operating Partnership, LLC, the operating partnership of NexPoint Hospitality Trust (TSVX: NHT), and certain of its affiliates, effective September 18, 2020.

Key Points: 
  • Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the "Company") today announced that it has terminated its merger agreement with NHT Operating Partnership, LLC, the operating partnership of NexPoint Hospitality Trust (TSVX: NHT), and certain of its affiliates, effective September 18, 2020.
  • Pursuant to its rights under the merger agreement, the Company terminated the merger agreement due to failure of NHT's operating partnership to consummate the acquisition of the Company and for material breaches of the merger agreement by NHT's operating partnership and its affiliates.
  • Pursuant to the merger agreement, the Company is entitled to receive a termination fee of $11,925,000 within five business days of its termination of the merger agreement.
  • Condor expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

Park Hotels & Resorts Inc. Announces Closing of $725 Million of 5.875% Senior Secured Notes Due 2028

Friday, September 18, 2020 - 9:15pm

The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028.

Key Points: 
  • The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028.
  • The Notes are guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Companys senior credit facilities and existing senior secured notes due 2025.
  • Upon closing of the offering, the Companys previously announced amendments to its Revolver and $670 million term loan maturing in August 2024 became effective (the Credit Amendments).
  • Except as required by law, Park undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

BBX Capital Corporation Provides Update Regarding Trading of its Class A Common Stock and Class B Common Stock Pending Completion of the Spin-Off of BBX Capital Florida LLC

Friday, September 18, 2020 - 9:05pm

Prior to the spin-off, BBX Capital Florida LLC will be converted into a Florida corporation named BBX Capital, Inc. (New BBX Capital).

Key Points: 
  • Prior to the spin-off, BBX Capital Florida LLC will be converted into a Florida corporation named BBX Capital, Inc. (New BBX Capital).
  • Shareholders of the Company will also retain their shares of the Companys Class A Common Stock and/or Class B Common Stock.
  • A trade with due-bills represents an assignment of the right to receive the shares of New BBX Capitals Class A Common Stock or Class B Common Stock, as applicable.
  • There will not be when-issued trading of New BBX Capitals Class A Common Stock or Class B Common Stock.

The Marcus Corporation Announces Pricing of $87 Million Convertible Senior Notes Offering

Friday, September 18, 2020 - 4:48am

The Notes will mature on September 15, 2025, unless earlier repurchased or converted, and the Company will not have the right to redeem the Notes prior to maturity.

Key Points: 
  • The Notes will mature on September 15, 2025, unless earlier repurchased or converted, and the Company will not have the right to redeem the Notes prior to maturity.
  • Prior to March 15, 2025, the Notes will be convertible at the option of the holders only during certain periods and upon satisfaction of certain conditions.
  • Upon conversion, the Notes may be settled, at the Companys election, in cash, shares of the Companys common stock or a combination thereof.
  • Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets.

Duetto’s Pulse Report Shows Driving Distances Keep Climbing in Search of Getaways

Thursday, September 17, 2020 - 6:18pm

The latest edition of Duettos Pulse Report , which tracks key hotel business metrics from August 24 - September 6, shows significant increases in performance for the hotel markets of North America, boosted by the Labor Day holiday weekend.

Key Points: 
  • The latest edition of Duettos Pulse Report , which tracks key hotel business metrics from August 24 - September 6, shows significant increases in performance for the hotel markets of North America, boosted by the Labor Day holiday weekend.
  • One surprise over the holiday weekend was an increase in travel across the great state of Tennessee.
  • Duetto publishes its global Pulse Report for free every two weeks.
  • Media can opt in for ongoing Pulse Reports here: https://www.duettocloud.com/pulse-press-resources
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200917005862/en/