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The Royalton hotel, in Midtown Manhattan, is one of the properties that LuxUrban claimed it had signed a lease in its public disclosures — when a deal had never actually completed. LuxUrban is now conducting an internal audit ahead of filing its year-end earnings results.
News

LuxUrban Hotels Stock Plummets After Disclosing Audit, Posting $65M Loss

... January estimated LuxUrban could operate as many as 12,000 rooms by the end of 2024. “Following a period of ... rental provider CorpHousing Group. As the company was raising funds to go public in 2022, it faced allegations, first reported by Bisnow ...

Mar 27, 2024
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Migrant Shelters, Bankruptcies Spell Good News For NYC Hotels That Hung On
News

Migrant Shelters, Bankruptcies Spell Good News For NYC Hotels That Hung On

... pandemic, forcing multiple bankruptcies and hotels spanning thousands of rooms to close their doors forever. But travel has rebounded at ... paying $190 a room, compared to the $110 it would typically go for, according to the publication. “The economic model ...

Jul 28, 2023
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Kimco's long-term plan for the Pentagon Centre property includes taller buildings and more residential than previously envisioned.
News

Kimco Pitches 3.5M SF Development Plan For Pentagon City Costco Complex

... reported by the Washington Business Journal story, is scheduled to go before the Arlington County Planning Commission on Thursday.  The ... a 27-story mixed-use building with residential above hotel rooms, a 17-story residential building and more open space.  ...

Jul 09, 2024
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Election-Year Uncertainty Slowing Affordable Housing's Progress, Advocates Say
News

Election-Year Uncertainty Slowing Affordable Housing's Progress, Advocates Say

... s National Affordable Housing Finance webinar Wednesday. With months to go before the election and a whiplash-inducing onslaught of ... below-market-rate housing projects as well as efforts to preserve and improve existing older affordable properties.  The ...

Jul 25, 2024
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New York City from Rockefeller Center
News

‘The Skies Are Finally Clearing’ For CRE, Declares 2025 Emerging Trends Report From ULI, PwC

... Of Interest Rates Real estate professionals broadly expect interest rates to continue declining, with 80% of survey respondents predicting ... Brothers to fail or some big bank to go down,” Lynd said. “Real estate is being worked out in back rooms right ...

Oct 29, 2024
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Former Hotel REIT Exec Launches New Child-Centered Hotel Brand In The U.S.
News

Former Hotel REIT Exec Launches New Child-Centered Hotel Brand In The U.S.

... at hospitality REIT Pebblebrook Hotel Trust. Amenities such as connecting rooms with bunk beds and in-room babysitting options, as well ... idea for Hotel Bambinee after seeing how challenging it was to go on trips with her kids. She said few hotels, even ...

Mar 26, 2024
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‘Revenge Travel’ And Sustaining The London Hotel Rebound
News

‘Revenge Travel’ And Sustaining The London Hotel Rebound

... have fewer keys, the increased room rate for the larger rooms will increase revenue, the owner believes. But there are competing ... wage costs for the industry. “If you talk to anyone in hospitality or go to any event, human resources is the No. 1 ...

May 02, 2022
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Nurse in a medical facility pushing a wheelchair
News

Designing For Inclusive, Widespread Equality In Healthcare

... beyond public spaces like waiting rooms to behind the clinical line. EwingCole will continue to concentrate its efforts on creating ... ,” Erdman said. “Embedding a process to develop informed design considerations that go beyond ADA as part of our practice ...

Nov 01, 2023
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Desperately Needed NYC Hotel Recovery Could Be Prolonged By 22,000-Room Construction Pipeline
News

Desperately Needed NYC Hotel Recovery Could Be Prolonged By 22,000-Room Construction Pipeline

... move the recovery for existing hotels forward.  On top of rooms in the construction pipeline right now, an estimated 20,700 ... , but not hugely, and we need it to go up hugely. We need it to double.”  The current financial situation for hotels is ...

Jul 15, 2021
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A Wave Of Forthcoming Resorts Highlights Developer Confidence In Houston’s Maturing Tourism Market
News

A Wave Of Forthcoming Resorts Highlights Developer Confidence In Houston’s Maturing Tourism Market

... include a nine-story building with 200 rooms, some offering a view of the lagoon ... It’s becoming the place that you want to go for entertainment in the Houston market,” he said ... park, restaurants and 334 guest rooms is set to break ground early this year and ...

Feb 15, 2024
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