Hotel demand grew 3.7% nationally in fourth quarter 2017, up from the 2.4% rate in third quarter. Supply growth remained steady at 1.9%. Continued disruption from Hurricane Harvey led to Houston having the largest hotel demand increase (31.1%). In contrast, gains also occurred in the Hurricane Irma-affected markets of West Palm Beach (12%), Miami (9.1%) and Orlando (8.1%), according to CBRE.—Lisa Brown
NEWS AND NOTABLES
AUSTIN, TX—The National Association of Homebuilders honored Austin-based Legend Communities with awards in four categories for excellence at Tuscan Village Lakeway, Legend's highly successful 55-plus community northwest of Austin. Tuscan Village took the 2018 gold in the best 55-plua landscape category and the silver in three other categories–best 55-plus for-sale community of 200-plus homes, best 55-plus attached home and best 55-plus lifestyle director.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
