Sunstone Hotel (SHO) Sells Renaissance Harborplace for $80M

Sunstone Hotel Investors, Inc. SHO has announced the sale of the 622-room Renaissance Harborplace in Baltimore, MD for $80 million. The move comes as part of the company’s strategy to concentrate its portfolio in “Long-Term Relevant Real Estate”. It will also bolster the company’s liquidity position.

The coronavirus crisis and related uncertainties have resulted in a declining lodging demand, as the U.S. states have imposed travel restrictions and mandatory stay-at-home orders, and meetings and conferences have been called off.

As a result, business travelers are grounded, while leisure travelers are scared to go on an outing, affecting lodging REITs like

Read More

The best credit cards with no foreign transaction fees of 2020

If you're traveling out of the country, these credit cards can help take the hassle out of your trip.
If you’re traveling out of the country, these credit cards can help take the hassle out of your trip.

— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we may earn a small fee for referring you. However, our picks and opinions are independent from USA TODAY’s newsroom and any business incentives.

Global travel is becoming more and more accessible with great airfare sales, low-cost carriers, and the ability to earn and use frequent flyer miles for international tickets. It’s

Read More

Is It Safe to Stay in a Hotel During COVID-19? Here’s What the Experts Have to Say

Summer is usually the perfect time to satisfy your wanderlust by jetting off on near and far vacations, but during the ongoing novel coronavirus (COVID-19) pandemic, many people are asking themselves just how safe traveling is right now. While stay-at-home orders have mostly been lifted, many travel bans and restrictions are still in place. But if you do decide to get on a plane or even drive somewhere for a getaway, how safe is it to stay in a hotel? In short, not very, experts say.

“As with any public place, there are transmission risks in hotels,” Andria

Read More

What Hospitality Can Learn From Boston’s Comeback Plan

Boston travel organizations know they have a giant thorn from their past to overcome for state officials to green light a plan to once again allow the private events and meetings the state’s largest hotels need in order to survive.

A Biogen conference at the Boston Marriott Long Wharf hotel in late February has been labeled an early coronavirus superspreader event — tied to cases both in Massachusetts as well as across the U.S. and Europe when attendees returned home. Massachusetts, one of the hardest hit in the U.S. during the coronavirus pandemic, eventually went into one of the toughest

Read More