Hotels

HotelAVE CEO has until Sept. 2024 to find buyer for San Francisco hotels.

There were 88 single asset sale transactions with an average sale price per room of $228,000.

But the potential distress is almost three times as the current distress.

Choice Hotels $7.8 billion offer for Wyndham gets rejected and a PIMCO JV hands the keys back on 20 hotels.

The sector is currently outperforming both the S&P 500 and Russell 2000 according to BTIG.

The revitalization is final phase of $550 million development at the historic San Diego landmark.

With high interest rates and a constrained debt market, C-PACE can help round out the capital stack on ground-up construction projects.

The NAA supports 'transparency and dialog' but says more regulations would 'harm the affordability and availability of rental housing.'