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Temporary Furloughs Become Permanent Layoffs As NYC Hotel Pain Deepens
News

Temporary Furloughs Become Permanent Layoffs As NYC Hotel Pain Deepens

... is bracing for a years-long recovery, sources said, and for far more ... getting crushed — it is crushed,” LW Hospitality Advisors CEO Daniel Lesser said. “This is ... We’ve got some challenging times ahead.” Hospitality data firm STR pegged occupancy at 38% ...

Aug 19, 2020
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july 2020
News

Manchester Arena Wars: This Time They Mean Business

... will focus on our role at the centre of the recovery of the city-centre economy, alongside ongoing investment in ... Investors, Printworks owner DTZ Investors, Living Ventures and the Manchester Hospitality Network. The latest claims, all of which are contested ...

Jul 28, 2020
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Chase Center
News

Warriors Megaproject On Ex-Salesforce Site Gets OK

... construction jobs on the front end and good Local 2 hospitality jobs on the back end and into the future." Tuesday ... to be an important part of this community’s economic recovery," Johnston said.  Contact Dean Boerner at dean.boerner@bisnow.com ...

Jul 28, 2020
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Airbnb Settles With New York City, Agrees To Hand Over Listing Data
News

Airbnb Settles With New York City, Agrees To Hand Over Listing Data

... nights each quarter. Listings in places that are deemed “traditional hospitality locations” by the city will also not be shared. Airbnb ... new agreement reaches that goal. “As we look toward the recovery of New York’s tourism economy, we hope this settlement ...

Jun 15, 2020
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Wall Street Bull
News

The Bull Case For Real Estate Investment

... a better capitalised banking sector should contribute to a faster recovery of investor sentiment.” “With regards to pricing, we anticipate ... . Investors will be more cautious about the retail and hospitality sectors, which have been disrupted the most by the ...

May 25, 2020
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This Is Just How Far DFW Hotel Room Rates Have Fallen
News

This Is Just How Far DFW Hotel Room Rates Have Fallen

... coronavirus pandemic delivered a harsh blow to Dallas-Fort Worth hospitality assets, with hotels watching their revenue per available room, ... % less than a year ago. DFW's hospitality market collapsed quickly, but its recovery is likely to be slow.  "At the ...

Apr 30, 2020
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Shake Shack's new flagship restaurant and headquarters at 225 Varick St. in Manhattan
News

Big Restaurant Chains Face Backlash Over PPP Cash Grab

... the PPP was $10M. Two subsidiaries of Ruth's Hospitality Group, which owns or franchises 159 restaurants, received a total ... industry. The fund, called the Restaurant and Foodservice Industry Recovery Fund, would help restaurants pay for immediate needs such ...

Apr 20, 2020
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DFW Retail Leasing Activity Slowed In Q1
News

DFW Retail Leasing Activity Slowed In Q1

... concepts. But with gyms, movie theaters, entertainment concepts and hospitality forced to close their doors on coronavirus concerns in the ... estate firm predicts a V-shaped recession and a quick recovery as early as the third quarter.  While small-business ...

Apr 15, 2020
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downturn
News

Massive Number Of CMBS Borrowers Seek Relief

... includes 42 single-asset, single-borrower CMBS transactions secured by hospitality and retail assets, Fitch said. Those two property types have ... do so via CMBS or other financing sources. If the recovery is prolonged, that will lead to more retail store ...

Apr 06, 2020
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New York Office Leasing Dropped By Almost 50% In Q1
News

New York Office Leasing Dropped By Almost 50% In Q1

... up.” CBRE predicted the Manhattan office market could see a recovery similar to that seen in Asian economies following the 2002 ... many of those losses at this stage are in the hospitality and entertainment industries. “I haven't heard of a lot ...

Apr 06, 2020
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