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R.D. Olson completes an adaptive reuse hotel project near LAX, but, despite the sudden attention on the market, hotel development is becoming more difficult.
On the site of the 1950s-era Southwestern Bell building, The Hyatt Place will bring a vacant historic building back to life and be part of the continued revitalization of downtown.
ATLANTA—Location, location, location is a common mantra in commercial real estate. But a good location with low barriers to entry may not be the best bet in the long-term.
Airbnb could accommodate 200 million guest arrivals worldwide this year, a level it's reached without the capital outlays that major hotel chains have found necessary to compete, says DBRS.
GlobeSt.com caught up with Shawn Gracey, executive vice president of hospitality for Key International, to get more insight into this growing sector in part one of this exclusive interview.
NAP describes the project as “a national example of next-generation, mixed-use development, placing 'heart share over market share' in creating New Jersey's next hometown.”
With 84 million millennials and 78 million Baby Boomers, hotels have ramped up brands and concepts geared specifically to the younger set, and Hilton and Marriott brands are some of millennial favorites.