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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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Labor Costs Will Keep Rising As Construction Industry Bounces Back, Reports Predict
News

Labor Costs Will Keep Rising As Construction Industry Bounces Back, Reports Predict

... concern I have today, that as these other industries — like hospitality, like education, like retail — come back, from a construction ... go,” Wilhelm said.  With the expectation that the economic recovery is going to pick up soon and the understanding that ...

Mar 03, 2021
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New York Stock Exchange
News

‘The COVID Discount Bin’: Investors Lose Confidence In CRE As REIT Stocks Slump

... named it as his top pick for hospitality REIT stocks. The companies that have ... REITs include Park Hotels & Resorts and Ryman Hospitality Properties, which are down 61% and 58 ... even though it has underperformed in the recovery, it is likely to still be ...

Sep 22, 2020
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Luxury Travelers Pushing Hotel Room Rates Past Pre-Pandemic Levels In Tourist Destinations
News

Luxury Travelers Pushing Hotel Room Rates Past Pre-Pandemic Levels In Tourist Destinations

The uneven recovery from the pandemic-induced recession is already bearing out in the hospitality market, as certain markets and ... self-identify as "luxury travelers" told surveyors from hospitality and tourism marketing firm MMGY Global that they plan to ...

Apr 29, 2021
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New York City skyline from One World Observatory
News

NYC Rent Collection Rates Dropping, Vacancy Rising As Relief Seems Far Away

... the economic bleeding, indicators show New York's economic recovery from the nadir of the coronavirus lockdown is stuck ... and stop the economic hemorrhaging with renewed urgency. NYC Hospitality Alliance Executive Director Andrew Rigie called on state and ...

Sep 21, 2020
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cash
News

More CRE Deals Coming In Second Half Of '22, PwC Predicts

... person brick-and-mortar retail therapy," the report notes. Hospitality investment sales deals have also been hot, with transaction volume ... year-over-year in Q1 2022, driven by the recovery seen in the lodging industry, especially among leisure-oriented ...

Jun 28, 2022
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