National
Economy Watch: No Daring Moves by the Fed
Hints of weakness in the U.S. economy seem to have influenced the Federal Open Market Committee’s decision to not raise interest rates further, but only time will tell.
Hyatt Centric Goes Global, Adds More U.S. Sites
The Hyatt Centric lifestyle brand is expanding, with the opening of its first two international hotels, and bringing three U.S. hotels under the upper-upscale brand.
Hilton Worldwide Unveils New Brand
Hilton Worldwide has launched Tru by Hilton, its newest hotel brand, hoping to fill a void in the midscale category in the U.S. and Canada.
Economy Watch: Most States Still Making Progress on Job Creation
The national unemployment rate was at a healthy 5 percent at year-end 2015, but results become more mixed when looking at individual states.
Berkadia Adds Three Senior Executives to Its Hospitality Group
Berkadia Commercial Mortgage recently added three experienced managing directors to its hospitality platform.
Johnson Controls-Tyco Merger Disrupts FM Sector
The facilities management giants announced their merger, which will move Johnson Controls to Ireland and create an industrial powerhouse.
Economy Watch: RE Investment Volume Had Strong 2015
A recent JLL report shows no signs of a slowdown in global real estate investment, with top cities accounting for a large chunk of total investments.
Armada Hoffler Nabs 11-Property National Retail Portfolio
HFF arranged the sale of the 11-property Cavalier retail portfolio, which includes several big-name retailers such as PetSmart, Super Target and Bed, Bath & Beyond.
Sovran Announces Acquisitions Worth $398M, Enters California
Sovran Self Storage is undergoing a major expansion with an agreement to buy 25 properties totaling $371 million, adding about 2.3 million square feet of rentable storage space.
Virgin Hotels Appoints Mathewes, Thompson in Top Positions
Virgin Hotels recently expanded its executive team with the addition of Dan Mathewes as chief financial officer and Thayer Thompson as general counsel & VP of commercial operations.