Lender On The Line LA Buys Property Out Of Foreclosure For $68M
The hotel's previous owner missed a January loan payment, sending the property into default.
The hotel's previous owner missed a January loan payment, sending the property into default.
Trump administration trade and travel policies may hurt international travel, just as hotels face a wall of loan maturities.
The proposed hotel would have 114 rooms and be part of the Hyatt Studios upscale extended-stay brand.
The hotel chain, beset by a class-action suit for allegedly defrauding investors, filed for bankruptcy protection Sunday.
Dublin's airport operator has slammed the cost of planning delays as the hotel sector hopes for passenger cap relaxation to boost tourism revenues.
The Starwood Capital Group CEO cited crime, union requirements and rent freezes as his top concerns.
So far this year, revenue per available room is up 0.9%, with several operators reporting declines.
The selective members-only club found new backing to go private after its lead equity partner backed out last week.
Cities want developers to help them get rid of their dead malls.
This year is going to be the year of experiential travel, and hotels need to get on board.
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