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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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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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Hotel Front Desk, concierge, hotels
News

ACORE Capital Readies $1B To Invest In Beleaguered Hotels

... with the recovery capital to get you to the other side,’” he said. The new investment strategy, ACORE Hospitality Partners, will ... rebounds, according to ACORE. ACORE itself is no stranger to hospitality lending. Since its founding in 2015, the company has ...

Feb 16, 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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Nobu Hotel
News

Larry Ellison-Backed Site Now A Nobu Hotel In Silicon Valley

... stature go through such an extensive renovation,” Marcus & Millichap Hospitality Sales Agent Tulsee Nathu told Bisnow. “Even during the pandemic ... is projecting for the entire country.  "I think the recovery is going to be very consistent with when companies ...

Oct 12, 2020
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RADCO
News

This Week's Atlanta Deal Sheet

... Radow said. “RADCO projects that the hospitality market will experience a significant recovery in the short term and that the ... is RADCO's third hotel purchase since launching its hospitality investment division last year. It already bought the DoubleTree ...

Apr 01, 2022
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'America's Getting Back To Work': Economists React To July Jobs Report On Twitter
News

'America's Getting Back To Work': Economists React To July Jobs Report On Twitter

... coming in food services and drinking places. The leisure and hospitality sector is still down 1.7 million jobs from February ... Wolfers (@JustinWolfers) August 6, 2021   So if we want the recovery to continue, get yourself vaccinated. And if you are vaccinated ...

Aug 06, 2021
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Amid Gradual LA Convention Center Rebound, Downtown Los Angeles Hotels Holding Their Own
News

Amid Gradual LA Convention Center Rebound, Downtown Los Angeles Hotels Holding Their Own

... on the investment sales team of JLL’s Hotels and Hospitality Group. “This phenomenon of higher rates now than pre-Covid ...

May 01, 2023
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