Jim Butler Jim Butler

Retail owners are partnering with hotels to help boost sales and foot traffic. This cycle, retail has evolved to become more experience driven, with a focus on service, events and amenities. In many ways, retail now has a lot in common with the hospitality sector, and it makes sense that the two asset classes would overlap.

“Hotels are a unique and important addition that can be the spark plug of energy, hallmark art and design, the comfortable meeting place, and a temporary home for 200 to 500 credit cards a day for the retailers and project components,” Jim Butler, partner in the Global Hospitality Groups at Jeffer, Mangels, Butler & Mitchell LLP, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.