This year, Urban Commons has big acquisition plans. Following the $70 million renovation of the Queen Mary, Urban Commons plans to increase its acquisition volume this year in primary markets across the country. We sat down with Taylor Woods, a principal at Urban Commons, to talk about the firm's activity in 2017 and its plans for 2018.

GlobeSt.com: Tell me about your acquisition strategy in 2017.

Taylor Woods: In 2017, Urban Commons sought strategic acquisitions with value-add opportunities to create and invest capital in properties that have been underutilized or under-appreciated. We also pursued assets in select areas where we've secured entitlements and permitting, and have had approval to build new hotels and apartments in urban markets throughout California.