hospitality

TORONTO – RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.The Toronto-based trust…

LAS VEGAS – Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business…

TORONTO – RioCan Real Estate Investment Trust says it is cutting its payouts to unitholders by a third as the COVID-19 pandemic creates an uncertain future for shopping centres.RioCan, which counts Dollarama, Canadian Tire and Costco…

InterContinental Hotels Group (IHG) broke ground on its first Canadian property in Vaughan. The property is the latest international expansion for its avid hotels brand and is expected to open by spring 2022.Offering 119 rooms…

NEW YORK – Americans are likely to see more ''for rent'' signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end a long boom in the nation's commercial real…

Each day, SoHo hotel general manager David Kelley hears the sound of his footsteps echoing off the marble floors and panelled walls as he walks across the lobby, a space as empty as the 89 rooms above him.''It is very quiet. We keep it…

TORONTO – Starbucks is planning to close up to 200 coffee shops across Canada as it responds to changes in consumer habits during the COVID-19 pandemic.The Seattle-based chain is restructuring its company-operated business in Canada…