Fox Business Briefs: Universal Orlando becomes the first major theme park to reopen to the general public; Labor Department's report for May shows a gain of 2.5 million jobs added in the month.
Two hotels at Universal Orlando will be closing next week.
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The Loews Sapphire Falls Resort and Universal's Aventura Hotel -- both operated by luxury hospitality company Loews Hotels -- will temporarily close on Aug. 21, a spokesperson confirmed to FOX Business.
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"We continue to evaluate our offerings and have decided to consolidate our hotel operations as we manage through current conditions," the spokesperson said in a statement to FOX Business.
The Orlando Sentinel first reported the news on Saturday.
Loews will continue operations at its other Universal hotels including the Hard Rock Hotel, Loews Royal Pacific Resort, Cabana Bay Beach Resort and Universal’s Endless Summer Resort – Surfside Inn and Suites, the company said.
“Guests with reservations at Sapphire Falls or Aventura will be accommodated at our other hotels,” the statement said.
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Revenue from Universal’s theme parks declined by 94 percent in the second quarter compared to the same time last year, according to the Sentinel, citing Comcast’s earnings released on July 30. Comcast owns Universal.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CMCSA | COMCAST CORP. | 43.77 | +0.38 | +0.88% |
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August 16, 2020 at 01:12AM
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2 Universal Orlando hotels temporarily closing over coronavirus struggles - Fox Business
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