📊 Topic

Integrated resort model

3 stories · First covered Mar 15, 2026 · Latest Apr 26
Integrated resort model Coverage
Sands Made $1.42 Billion in EBITDA Last Quarter. They Don't Own a Single U.S. Hotel.

Sands Made $1.42 Billion in EBITDA Last Quarter. They Don't Own a Single U.S. Hotel.

Las Vegas Sands just posted a quarter that would make any domestic operator's jaw drop... 25% revenue growth, 95.7% occupancy in Singapore, and nearly $800 million in EBITDA from a single property. The part worth studying isn't the gambling. It's the integrated resort model that American hotel companies keep talking about and never actually build.

Paradise City's Hyatt Regency Is Open... and the Casino Math Still Hasn't Changed

Paradise City's Hyatt Regency Is Open... and the Casino Math Still Hasn't Changed

Two weeks after we broke down why Paradise Co. bought a 501-room tower for $151 million, the doors are open and the press releases are flying. The question I asked then is the same question I'm asking now: what happens when the VIP tables go cold?

Paradise City's 1,270-Key Hyatt Bet Is Really a Casino Comp Strategy Wearing a Hotel Uniform

Paradise City's 1,270-Key Hyatt Bet Is Really a Casino Comp Strategy Wearing a Hotel Uniform

Paradise Co. didn't buy a 501-room tower for $151 million because they needed more hotel rooms. They bought it because comping high-rollers is cheaper when you own the beds... and the math only works if the gaming tables stay hot.