Hotel
How Tough a Road for Lodging CMBS?
A major ratings agency takes stock of the outlook for hospitality CMBS and compares it to the post-9/11 period.
California Lockdown Poised to Batter Real Estate
The shelter-at-home order, which covers 40 million people, brings more uncertainty for property owners and managers.
Home-Sharing Takes Big Hit From Coronavirus
The hospitality industry is under pressure, and Airbnb and Vrbo are taking opposite paths in addressing the pandemic’s harsh market effects.
HREC Closes Savannah Hotel Sale
The 156-key Fairfield Inn & Suites Savannah Midtown changed hands for $23 million.
Casinos Join Coronavirus Closure Rush
The states of Nevada, New Jersey and Connecticut are forcing hotel and casino properties to temporarily shut their doors.
Noble Investment Pays $58M for Nashville Hyatt
Truist Bank provided $52.1 million in acquisition financing for the newly opened hospitality asset.
Hilton Breaks Ground on First Tempo-Branded Property
The Kentucky lifestyle hotel is slated to come online next year, with the hospitality giant announcing an additional 30 confirmed deals.
Graves Hospitality Obtains $12M Refi for Uptown Minneapolis Hotel
The 125-key Marriott-branded property is the first ground-up, purpose-built Moxy hotel in the Americas.
NewcrestImage Names New VP in Dallas
Manuel Ortiz has almost 20 years of finance experience and has worked both in the public and private sectors.
DC, Sao Paulo Hospitality Assets Trade for $208M
Park Hotels & Resorts sold the properties, totaling 700 guestrooms, to two separate buyers.