The owners of Shutters on the Beach and Casa del Mar, popular hotels in Santa Monica, California, are exploring a capital raise to develop branded residences on adjacent land.
RevPAR (revenue per available room) was up on the Strip and downtown. Overall, RevPAR averaged $158.62, 6.3% higher than December 2023. On the Strip, RevPAR reached $176.21, 6.6% higher. Downtown it ...