Month: January 2021

Operator of Queen Mary in Long Beach files for bankruptcy

The real estate investment trust that operates the Queen Mary in Long Beach and owns 26 other hotels filed for bankruptcy protection this week, signaling what could be the start of a wave of bankruptcies in the hospitality industry.

The 85-year-old former ocean liner-turned-floating hotel has been suffering, like the rest of the nation’s hotel industry, from a dramatic drop in demand due to the COVID-19 pandemic. Eagle Hospitality Trust’s Chapter 11 filing represents the latest setback for the iconic vessel that Long Beach had hoped would be the crown jewel in an eventually thriving leisure district.

The city of

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HVS Market Pulse: Panama City Beach, Florida

Once an old-school beach destination peppered with mom & pop motels, softened zoning restrictions welcomed high-rise condominium towers in the early 2000s, transforming the area into a collegiate Spring Break haven. The mid-2010s hailed the entrance of a new marketing strategy and the area’s first nationally branded hotels, in addition to legislation prohibiting alcohol consumption on the beaches, once more evolving the market identity to one of a family-friendly destination. It was also during these years that the market bore witness to the housing bubble burst and economic downturn of the Great Recession, the Deepwater Horizon Oil Spill, and Hurricane

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‘Horrified’ Loews Hotels Cancel GOP Sen. Josh Hawley Fundraiser After Capitol Siege

A luxury hotel company that was scheduled to host a February fundraising event for Republican Missouri Senator Josh Hawley instead announced Saturday it has canceled the event, citing deep opposition to those who allegedly supported and incited the riot at the U.S. Capitol last week.

Loews Hotels announced the cancellation plans as Hawley was set to hold a Valentine’s Day weekend re-election fundraiser at Loews Portofino Bay Hotel in Orlando, Florida.

The company’s statement on Saturday did not name any specific lawmakers as they expressed horror at both the deadly events and those who encouraged the violence.

“We are horrified

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Navarre Beach surges past November tourism record during pandemic

Because of the global pandemic and economic recession that took over most of 2020, Navarre Beach, like many tourist destinations, saw its tourism tax revenues plummet in March, April and May as beaches shut down and uncertainty about the coronavirus crippled vacation markets globally. 

But curiously, by the end of the year Navarre Beach was bucking the trend seen throughout much of the rest of the Panhandle — its tourism tax revenue was up almost 27% in October and 55% in November, a surge that helped soften the downturn seen at the beginning of the pandemic. 

“We lost our money

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