Hotel
$100M Bid Wins Trophy Hotel in Beverly Hills
EOS Investors prevailed in the competition for the Viceroy L’Ermitage, which had been seized by the federal government because of the previous owner’s involvement in a money-laundering scheme.
Gaming and Leisure Properties to Buy 2 Casinos for $484M
The three-party deal will involve the purchases of both an Indiana casino from Caesars Entertainment and a Delaware casino from Twin River Worldwide Holdings, with both properties to be leased to Twin River.
When Will Convention and Group Travel Demand Return?
RevPAR in dense urban markets remains more than 80 percent below 2019 levels, according to CBRE Hotels Research.
IHG, Lendlease Open South Carolina Army Hotel
Located on the Army’s largest training center for new recruits, the hotel is constructed with cross-laminated timber.
Radisson Launches Brand for Individual Hotels, Small Chains
The global hospitality company is also expanding its existing brands, having signed a total of 10 deals across EMEA in the third quarter.
Hotel Development Pipeline to Slow: HVS
Projects under construction are generally continuing but the new hotel development will face feasibility and financing challenges.
Emerging Trends 2021: The Changes a Year Can Make
The Urban Land Institute and PwC released the 42nd annual Emerging Trends report, which highlights the biggest trends and challenges in today’s real estate landscape.
Mixed Forecast Ahead for CRE
Industry experts share their expectations for the next two years at ULI’s virtual fall conference.
CMBS Special Servicing Rates Surge: Trepp
Retail- and hospitality-secured CMBS hit record-high levels in September.
Service Properties Trust Terminates Agreements for 122 Marriott Hotels
The REIT plans to transfer management of 98 of the properties to Sonesta International and sell the remaining 24 for $153 million.