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latest hotel news

City Readies Vote on Plan to Convert Hotels for Homeless; 332 Residences to Cost $321,000 Each – NBC 7 San Diego

Two San Diego hotels could soon become permanent housing — with support services — for the homeless.

San Diego mayor Kevin Faulconer, along with City Councilmembers Georgette Gomez and Chris Ward, announced a plan on Monday to transform the Residence Inn Hotel Circle and Residence Inn Kearny Mesa into permanent homes for people looking to transition to the housing.

The purchase price for the hotels would be $106.5 million. The Hotel Circle site would be $67 million, while Kearny Mesa would cost $39.5 million. Those figures do not include closing or renovation costs, a housing official said. That breaks down

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latest hotel news

Treebo Hotels raises $6 million in funding led by existing investors, Technology News, ETtech

Budget hospitality chain Treebo Hotels has raised $6 million (about Rs 44 crore) in a new financing round, led by its existing set of investors – Matrix Partners India, SAIF Partners, Ward Ferry Management and Bertelsmann India, the Bengaluru-based company said on Thursday.

The latest round comes more than three years after Treebo raised $34 million in a Series C funding round from Hong Kong-based hedge funds Ward Ferry Management and Karst Peak Capital.

In June, the company was also reported to have raised Rs 22.5 crore from Bertelsmann BV, SAIF Partners, and Matrix Partners.

Treebo, which operates 600-plus hotels

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latest hotel news

Restaurants, hotels, bars continue to struggle under new Manitoba pandemic restrictions – Winnipeg

As the COVID-19 pandemic continues, bars, restaurants and hotels in Manitoba face an ongoing financial struggle with new provincial health restrictions.

The latest blow is a series of Code Orange restrictions affecting the Winnipeg area, which went into effect Monday — limiting hours at licensed premises, among other changes.

Industry organizations say they’re happy to have been consulted by government on the recent restrictions, but their members are still looking for answers to remain afloat during these unprecedented times.

Scott Jocelyn, president and CEO of the Manitoba Hotel Association, told 680 CJOB the most recent changes were “inevitable” with Manitoba’s

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