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Premier Hotel commercial real estate news, analysis, trends and information for hospitality and lodging properties.
The REIT acquired the hotel in 2014 for $59 million.
Uncertainty surrounds the Biden relief plan, which faces challenges in court.
The housing rental platform offers short-term vacation rental and residential subscription services.
The 151-key hotel will undergo renovations of its guestrooms, public spaces and flagship restaurant
Work on flagship of Hilton brand just starting at $2B condo conversion.
Service Properties Trust was the seller of the 2,155-room portfolio.
Hotel was the only segment that registered positive returns in Q4.
Marcus & Millichap also forecast inbound international travel to spike.
Platform lists 300K hotels and venues, enables negotiations for space.
With business travel lagging, values dropping, lenders want hotel owners to put up more capital.