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Day-Trippers And Weekenders Propping Up Atlanta Hotel Scene
News

'Revenge Travel' Is Buoying Atlanta Hotels

... in Atlanta and corporate travel ticks up. “I think the recovery is going a little quicker than we expected. I think ... leisure travel. STR, which tracks hospitality industry data, noted in its April U.S. Market Recovery Monitor that occupancy in South and ...

May 26, 2021
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A sign on a business on Toronto's Queen Street.
News

As Recession Timeline Emerges, Canadian Sectors Scramble For Relief

... likely in the future. Still, the hospitality business is not in business and likely ... is also putting forward a comprehensive recovery and long-term plan for the restaurant ... a negative view about the economic recovery, more so than their southern counterparts ...

Apr 14, 2020
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Hotel Front Desk, concierge, hotels
News

Hotels Get Past Awful Q2, But Demand May Not Rebound Until 2023

... during Q2. “Fortunately for U.S. hoteliers, indicators of market recovery began to emerge during the quarter," Senior Director of CBRE ... seem to believe that the industry is facing a slow recovery. After Host Hotels & Resorts released its latest filing with ...

Sep 01, 2020
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Baltimore's famous Kimpton Hotel Monaco at 2 North Charles St. downtown.
News

Baltimore Tourism Agency Reports Falling Hotel Tax Revenue

... “The reality is we’re still in a post-pandemic recovery phase and continue to face challenges such as social injustice ... hit. Nevertheless, there are signs Baltimore’s tourism and hospitality industry is rebounding from the impact of the pandemic.   Visit ...

Oct 07, 2022
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A CRE Expert On The Future Of Distressed Assets In A Post-Pandemic World
News

A CRE Expert On The Future Of Distressed Assets In A Post-Pandemic World

... the role distressed assets will play in the market’s recovery. 33 Realty and Cubed Construction principal Eric Weber said that ... to recover.  Hospitality is another asset class that was hit hard and is quite a bit away from a full recovery. That ...

May 11, 2021
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25 West 34th St.
News

Wharton Properties Looks To Redevelop Midtown Manhattan Retail Building Into A Hotel

... time for both retail and hospitality, but the road to full recovery is more clear for hotels. ... to the city this year with a full recovery expected by 2024, Breaking Travel News reported. ... a drop, but the future of its recovery is not as certain — some 80,000 ...

May 05, 2021
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Firm Struggling To Convert NYC's Waldorf Astoria To Condos Eyes $1.3B Sale Of U.S. Resorts
News

Firm Struggling To Convert NYC's Waldorf Astoria To Condos Eyes $1.3B Sale Of U.S. Resorts

... for the portfolio, but the deal went south in the hospitality fallout of the pandemic.  Anbang sued Mirae to try to ... in leisure travel that has spurred a quicker-than-expected recovery for the hotel industry. “The mass affluent consumer has been ...

Sep 27, 2022
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Those Betting On San Francisco Foresee Roaring ‘20s 2.0 Ahead
News

Those Betting On San Francisco Foresee Roaring ‘20s 2.0 Ahead

... , capital won’t be a scarcity, Liu said. As the recovery is expected to continue gaining steam, the interim holds its ... , so I think we'll see a surge in retail, hospitality — certainly in travel,” University of California Berkeley Chief Financial Officer ...

Apr 08, 2021
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For Brokers, Finding Bridge Loan Borrowers Can Mean Extra Income
News

For Brokers, Finding Bridge Loan Borrowers Can Mean Extra Income

... leveraged products, especially for hard-hit asset classes like hospitality and retail. Liberty SBF has been refinancing conventional ... that will help keep this industry humming during the recovery.” This article was produced in collaboration between Liberty ...

Jun 01, 2021
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'This Is Going To Get Harder': Economists React To June Jobs Report On Twitter
News

'This Is Going To Get Harder': Economists React To June Jobs Report On Twitter

Leisure and hospitality accounted for about 40% of the ... two months were the easy part of the recovery--almost all recalled from temporary layoff.In April ... 2, 2020   This is the “checkmark-shaped” recovery economists are talking about: There’s an initial wave ...

Jul 02, 2020
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