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Investors Hot For Hotels, Even Though The Hoped-For Discounts Didn't Materialize

... with 2019. Even the delta variant didn't derail valuation recovery this year very much, sources note.  "The delta ... There has been a tremendous amount of stimulus money," Ridgemont Hospitality President Dhruv Patel said. "That's kept asset valuation propped ...

Dec 14, 2021
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Reschke Secures Refinance For Downtown Hotel, Which Now Has Time To Recover
News

Reschke Secures Refinance For Downtown Hotel, Which Now Has Time To Recover

... may be required before the pandemic is eradicated and the hospitality industry fully recovers,” he said in a statement. “However ... wide dissemination of two vaccines, the hospitality market will begin a more rapid recovery by this summer and achieve near full ...

Feb 11, 2021
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Owner Of Clarion Hotel Near Airport Files For Bankruptcy
News

Owner Of Clarion Hotel Near Airport Files For Bankruptcy

... The hospitality industry is coming off one of the most disastrous years in its history, but a full recovery is ... out, Bloomberg reported. Other recent hotel bankruptcies include Eagle Hospitality Real Estate Investment Trust, the Tillary Hotel in Brooklyn ...

Feb 03, 2021
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Pandemic Led Major Investors To Dip Their Toes Into Data Centers. Now They’re Diving In
News

Pandemic Led Major Investors To Dip Their Toes Into Data Centers. Now They’re Diving In

... the markets for core hotel and office holdings trend toward recovery? According to Jonathan Atkin, the global head of communications ... and hospitality and other areas of the economy that had been struggling starting to pick up,” Atkin said. “So, recovery has ...

Apr 01, 2022
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Country Inns & Suites by Radisson in Gillette, Wyoming
News

Choice Hotels To Buy Radisson Hotel Group Americas For $675M

...  Choice's footprint in the upscale and upper-midscale hospitality segments, particularly on the West Coast and in the ... and Radisson Collection brands. The transaction comes amid the recovery of the hospitality industry. In May, U.S. hotel gross operating ...

Jun 13, 2022
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Cambria Hotel Lobby in New York
News

‘The Hump Of Darkness’ Has Passed, But NYC's Hotels Are Particularly Far From The Light

... Q4 is when the recovery really starts to pick up,” HVS Director Chris Fernandes told Bisnow’s Hospitality Hotline webinar last ... week. “In terms of longer-term recovery, we are eyeing a return ...

Feb 22, 2021
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downturn
News

Investors Are Ready On The Sidelines As Hunt For Distressed Assets Gears Up

... industrial, but not residential. Distressed percentages for commercial general and hospitality are 0.33% and 0.32%, respectively, according to Reonomy ... the near future, but on the other hand, a recovery would need to be exceptionally robust just to fill all ...

Jun 04, 2020
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The 1,331-key Row NYC hotel, at 700 Eight Ave., which is currently being used as a shelter for 900 of the city's newly arrived migrants.
News

As Migrant Crisis Spirals, A 1,300-Room Hotel Serving As A Shelter Is Fighting Off Foreclosure

... been climbing steadily for the past two years, but financial recovery has been smoother for some hotels than others. Now, ... Morrow, managing director of Hodges Ward Elliott’s New York Hospitality Investment Advisory practice. “And then, how does it affect ...

Aug 04, 2023
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Blackstone’s Debt Business Has $9B To Lend, And This Is Where It Wants To Put It
News

Blackstone’s Debt Business Has $9B To Lend, And This Is Where It Wants To Put It

... chief executive of Blackstone’s listed $18B mortgage trust, the recovery in the U.S. economy as businesses reopen across the ... where both Keenan and Plavin see big opportunities, is the hospitality realm. “The hotel space is interesting, it is offering real ...

Jun 28, 2021
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debt 3, chart, graph
News

Forget K-Shaped Recoveries, It's V-Shaped And Returns Will Grow At 6.4%

... normality for everyone else. This includes a swift recovery for airports and hospitality, once travel restrictions are removed, and a surge ... hopes that the consumer sector will help drive the economic recovery. “Mild rental growth will result in a slight ...

Jun 08, 2021
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