Hotels

Owner agrees to deal with operator Four Seasons Hotels and Resorts.

Amid slower NOI growth in 2023, commercial real estate owners are looking for ways to maintain or improve NOI and solar has become a great untapped opportunity to help achieve financial gains.

Cheaper to build and operate, extended stay hotels have become a favorite with remote workers and construction crews.

The Fed, including with its decision today, will drive CRE performance.

Almost one-third of apartments now converted represent former offices.

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.