Overseas visitor volume to the U.S. in April was up modestly year-over-year. Plus, LVMH sells its only U.S. hotel, and a lot of other hotel development news.
Aimbridge Hospitality is restructuring its finances by converting $1.1 billion in debt to equity, securing $100 million in new capital, and shifting majority ownership to its first lien lenders, with completion expected in early 2025.