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Premier Hotel commercial real estate news, analysis, trends and information for hospitality and lodging properties.
Watermark's portfolio consists of 25 luxury or upscale properties totaling over 8,100 rooms.
Some key hiring categories are slowing, suggesting tougher performance ahead.
RevPAR for the upper tier will grow more quickly than in lower tier properties this year and next.
The real estate platform's inaugural fund vehicle includes primary commitments of $245.7 million and co-investments of $67 million.
The REIT plans to invest $60 million in a repositioning of the property.
CrowdStreet has ranked 10 asset classes from strongest to weakest according to their ability to serve as inflation hedges.
Retail was a strong winner in the first quarter, with deal volume increasing 102% in Q1.
The Sheraton Times Square trades for half of what the seller paid for it while the drumbeat grows to bring casinos to NYC.
The transaction aligns with the firm's strategy to focus on resort, luxury, lifestyle and destination-orientated assets, as well as its New York portfolio.
A joint-venture has acquired the 400-key, Wyndham Grand Orlando Resort Bonnet Creek near Walt Disney World.