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Premier Hotel commercial real estate news, analysis, trends and information for hospitality and lodging properties.
AHLA report says business travel revenue for US hotels in 2022 will be 23% below pre-pandemic levels, a $20B shortfall.
The company has agreed to purchase the luxury, 119-room, Inn on Fifth in Naples, FL.
The 36-story, mixed-use project in St. Petersburg, FL will include 357 units, a 172-key hotel and 6,800 square feet of ground-floor retail space.
The tech-enabled hotel brand will open its first California pop-up hotel, WhyHotel by Placemakr.
MCRR and Island Capital Group have partnered to buy the iconic hotel from Host Hotels.
The firm has acquired a hotel complex in Baltimore's Inner Harbor neighborhood and plans to convert the property to meet housing demand in the area.
Underscored by the strength of room rates, copious amounts of leisure patronage and rebounding group business, the pace of travel recovery has been robust.
There is a difference in opinion between investors in general and those who own property in a specific sector.
The key to CRE as an inflationary hedge is that cash flow of properties must increase enough to counteract any rise in cap rate.
The hospitality company is shifting its portfolio to focus solely on urban luxury and lifestyle hotels within core markets.