Hotels

CHICAGO—Appreciation for institutional-grade properties has been on a steeper downward trajectory than income throughout 2016, the National Council of Real Estate Investment Fiduciaries said Wednesday.

Despite the pundits and brokerage advisors continuing to try to put lipstick on the pig, the reality is the hotel business is continuing to deteriorate.…

NEW YORK CITY—In this its largest US market, a new law has been put into place that could drastically curtail the company's business here.

McLEAN, VA—The agreement will give Beijing-based HNA Group an equity interest in Hilton Worldwide Holdings as well as two spin-off companies, Park Hotels & Resorts and Hilton Grand Vacations.

IRVINE, CA—Although it hasn't matched the pace set in 2015, “2016 has been a year of slow yet steady growth for commercial real estate as a whole,” says Peter Muoio, chief economist with Ten-X.

BETHESDA, MD--Pebblebrook is taking two of the hotels in the six-asset portfolio, valued at $342.5 million.

Here's a look at this week's trends, announcements and deals that you may have missed in the country's North West region.

JERSEY CITY, NJ—The firm anticipates 2016 dispositions to total approximately $730 million, consisting of 27 office buildings totaling 4.5 million square feet and one residential building with a GAAP NOI yield of approximately 5.5% overall.