STR Inc.
$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.
New York Fashion Week and Real Estate
From showcasing the designs to venue selection to hotels for attendees, New York Fashion Week puts a mark on real estate.
Atlanta Hotels Win Big With Super Bowl
The city’s hospitality sector recorded higher than anticipated RevPAR and ADR growth for game weekend, reveals a new analysis by STR Inc.
Economy Watch Weekly: Consumers Concerned by Storms’ Impact
Economy Editor Dees Stribling discusses the recent hurricanes’ effect on U.S. consumers outlook for the economy, for the week ending Sept. 22, 2017.
Economy Watch: Recent Hurricanes Impact Hospitality Industry
Most major hotel markets in Florida saw dramatic performance declines in the days leading up to Hurricane Irma, according to STR’s preliminary analysis. Hurricane Harvey’s impact on Houston’s hotel markets is a little less clear.
Disneyland-Area Sheraton Lands $21M Financing
Continental Partners has secured a five-year, fixed-rate loan for the 285-key Sheraton Garden Grove-Anaheim South Hotel. The financing will also serve to pay off a mezzanine loan.
Economy Watch: Hotel Development Still Strong
Hotel planning and construction in the U.S. grew again in May, with more than half a million rooms under contract across nearly 5,000 projects, according to a recent STR report.
Economy Watch Weekly: Traditional Retail Sees Lowest Quarterly Growth Since 2009
E-commerce sales continue to grow, posting a 14.7 percent increase in the first quarter of 2017 from the same quarter last year, according to U.S. Census Bureau data. Conventional retailers, on the other hand, weren’t so lucky. Economy Editor Dees Stribling has the latest.
Economy Watch Weekly: First-Quarter Metrics Point to Slower Start
As economic metrics for the first few months of the year start to trickle in, the figures seem to suggest the U.S. economy is off to a slower start in 2017. Economy Editor Dees Stribling discusses some of these metrics, including GDP, consumer confidence and hotel occupancy.