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Premier Hotel commercial real estate news, analysis, trends and information for hospitality and lodging properties.
Investors are not in a hospitable mood as trade value drops by 56%.
The fundamentals are generally healthy when looking at certain property types.
Hotel bookings for 2024 plunge as more tech events cancel.
The sector is experiencing both strong tailwinds and headwinds.
Developer added 23-story tower, wants to pay down $161M construction debt.
The buyer is a London-based private equity real estate manager.
Industrial and office categories dropped the most.
Hotel developer buys vacant Tower 180 for $61M, will spend $140M on conversion.
Total hotel sales in November were $1.3 billion, down 69% year over year.
The casino would include 950 hotel rooms and a refurbished theater that would become the home of The Lion King.