Hotels

For transactions over $10 million, the number of trades decreased by 37% while total dollar volume declined 41%.

High interest rates and debt costs put the brakes on new projects for now.

IHG will manage the 32-story, Voco-branded hotel on Seventh Avenue.

Keeping the properties would have meant a $255 million paydown.

Parking revenue rose 103.1% from pre-pandemic 2019 levels, while hotel revenue was only at 95.9%.

Austin hotel goes on block for $600M two weeks after Blackstone mega-deal.

Four Seasons, Plaza may be getting ready to renovate and reopen.

The market may be approaching its low point, though sales data lags.