Hotels/Resorts

Caesars Sells Rio for $516 Million

Caesars Entertainment has sold its Las Vegas off-Strip Rio All-Suite Hotel & Casino property for $516.3 million to the New York-based Imperial Companies real estate company. Caesars will continue to operate Rio for two years and pay an annualized rent of $45 million.

An Inside Look at Hilton’s New Lobby Bar Concept

Over a few sips of a Smoked Rye Manhattan, I sat down with Nicole Tilzer, director, Signia Hilton and Hilton Hotels & Resorts Brand Marketing, to talk about Hilton’s innovative new lobby bar concept and an update on the company’s new Signia brand.