Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
January 6, 2021

Hotel Operators Gear Up To Manage A Flood Of Bank-Owned Properties

[Digital Summit] Rudin Management, GreenOak Real Estate, Urban Land Institute, Former Deputy Assistant To President Donald Trump & More Discuss NYC 2021 Economic Forecast Jan. 19

A wave of hotels is expected to be taken over by banks and other lenders in the coming months, and some hospitality industry players are looking to build up management arms in hopes of operating those properties for their new owners.

Hotel Operators Gear Up To Manage A Flood Of Bank-Owned Properties

Highgate Hotels, Chesapeake Hospitality and Hospitality Ventures Management Group are among the firms ramping up hiring in anticipation of an influx of hotel management contracts by banks and CMBS bondholders.“We're spending time with banks and we're in active dialogue around a number of different opportunities,” Highgate principal Richard Russo said.…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Fitness And Gym Memberships May Never Recover From Pandemic, Surveys Suggest Fitness And Gym Memberships May Never Recover From Pandemic, Surveys Suggest
Amazon-Led Health Care Venture To Disband As Walgreens, Walmart Ramp Up Amazon-Led Health Care Venture To Disband As Walgreens, Walmart Ramp Up
Shot In The Dark: How Will Landlords, Building Owners Adjust As Vaccines Roll Out? Shot In The Dark: How Will Landlords, Building Owners Adjust As Vaccines Roll Out?
Brookfield Asset Management Looks To Take CRE Subsidiary Private Brookfield Asset Management Looks To Take CRE Subsidiary Private
Perforation

HFZ's High Line Lender Asks Judge To Award It $160M In Unpaid Loan Payments

HFZ's High Line Lender Asks Judge To Award It $160M In Unpaid Loan Payments

Money troubles continue to mount for one of Manhattan's most prominent condo developers, this time at its signature development.HFZ Capital Group has been taken to court by its lender this week for failing to make payments on a loan for its 218-unit Chelsea condominium and hotel development,…

Read the full story here.

  Share:  
 
Perforation

Columbia Development Exec Arrested For Sexual Assault Of A Minor

Columbia Development Exec Arrested For Sexual Assault Of A Minor

A Columbia University real estate executive has been arrested and charged with sexually abusing a child younger than 13 years old.Marcelo Velez, 53, was arrested at his home in Woodcliff Lake, New Jersey, Monday and charged with aggravated sexual assault, sexual assault by contact and…

Read the full story here.

  Share:  
 
Perforation

In Case You Missed It...

This Week's N.Y. Deal Sheet This Week's N.Y. Deal Sheet
8 Major NYC Projects Set To Deliver In 2021 8 Major NYC Projects Set To Deliver In 2021
Trump Pardons Charles Kushner Trump Pardons Charles Kushner
In 2020, The Pandemic Kicked NYC Landlords When They Were Already Down In 2020, The Pandemic Kicked NYC Landlords When They Were Already Down
Aby Rosen Could Lose Control Of The Ritzy Gramercy Park Hotel Aby Rosen Could Lose Control Of The Ritzy Gramercy Park Hotel
 
Perforation

Origin Stories: JLL's James Malone Switched From Law To CRE And Never Looked Back

 

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

James Malone began working in commercial real estate in 1999, leaving behind a legal career. Now, as an executive vice president at JLL, he says if he had it to do all over again, he wouldn't change a thing. Malone took a circuitous path to CRE, but the stops along the way have helped inform his current career and contributed to his success. In December, Malone was added to the board for the African American Real Estate Professionals Los Angeles chapter. 

Read the full story here.

 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 44979