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Premier Hotel commercial real estate news, analysis, trends and information for hospitality and lodging properties.
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.
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.