EPISODE · Jun 3, 2026 · 34 MIN
GMH Hotels: Two Billionaires Just Bought the Las Vegas Strip.
from Good Morning Hospitality · host Skift
On this week's Good Morning Hospitality, A Skift Podcast: Hotels Edition, Sarah Dandashy and Steve Turk break down a week where ownership, distribution, brand strategy, and climate risk all moved at the same time. The conversation opens with two billionaires making moves on the Las Vegas Strip in the same week. Tilman Fertitta agreed to buy Caesars Entertainment for $5.7 billion while assuming nearly $12 billion in debt, and Barry Diller is preparing an $18 billion bid to take full control of MGM Resorts International. From there Sarah and Steve dig into a ten-year look at whether the direct booking fight actually paid off for hotels, Hilton's new Undergraduate brand targeting smaller college towns, and how sargassum seaweed is now showing up directly in Caribbean hotel occupancy numbers. This episode is presented by Cloudbeds & Bilt. Visit cloudbeds.com/gmh to learn more. And for hotels with restaurants and restaurant owners, Bilt Hospitality is finally here. Go to joinbilt.com/gmh to learn more.
What this episode covers
On this week's Good Morning Hospitality, A Skift Podcast: Hotels Edition, Sarah Dandashy and Steve Turk break down a week where ownership, distribution, brand strategy, and climate risk all moved at the same time. The conversation opens with two billionaires making moves on the Las Vegas Strip in the same week. Tilman Fertitta agreed to buy Caesars Entertainment for $5.7 billion while assuming nearly $12 billion in debt, and Barry Diller is preparing an $18 billion bid to take full control of MGM Resorts International. From there Sarah and Steve dig into a ten-year look at whether the direct booking fight actually paid off for hotels, Hilton's new Undergraduate brand targeting smaller college towns, and how sargassum seaweed is now showing up directly in Caribbean hotel occupancy numbers. This episode is presented by Cloudbeds & Bilt. Visit cloudbeds.com/gmh to learn more. And for hotels with restaurants and restaurant owners, Bilt Hospitality is finally here. Go to joinbilt.com/gmh to learn more.
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GMH Hotels: Two Billionaires Just Bought the Las Vegas Strip.
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