Hotels

Robotics, consolidation and personalization will improve service, help with customer-relationship management and allow for targeted segmentation toward each cohort of hotel guest, RAR's Bob Rauch tells GlobeSt.com.

However, Marcus & Millichap sees potential headwinds in the form of a growing construction pipeline in many regions, including Texas and California.

Lodging Conference panelists said hurricanes will escalate prices and there is already an inordinate amount of hotel supply in Houston; also money is cheap, but some are waiting until the political uncertainty passes.

Projects need a wow factor in mix of uses with the right blend of tenants that will bring customers in and programming to entice them to stay longer, along with design, location and amenities.

CMBS 1.0 transactions now have a delinquency rate of more than 43%; however, Fitch Ratings says these pre-2009 deals represent an increasingly small slice of the pie.

This will be the sixth AC Hotel within OTO's owned portfolio.

The first phase of the $3.5 billion, multi-year project will create a 1.3-acre community park at the corner of 30th and Market Streets to be known as Drexel Square.

While volume has been leaner this year, at about 75% versus 2016, pricing is up and the industry as a whole is somewhat in check in terms of healthy balance sheets and overall supply, according to a recent hotel panel.