Facing Heavy Losses, Hotel Industry Sees Vaccine News As 'Light At The End Of The Tunnel'
Hotel stocks soared after Pfizer's vaccine announcement Monday, and companies' Q3 earnings largely show they are prepared to make it through the winter.
Hotel stocks soared after Pfizer's vaccine announcement Monday, and companies' Q3 earnings largely show they are prepared to make it through the winter.
Although Chicago has dozens of conventions scheduled for the second half of 2021, if vaccinations don't accelerate, many face cancellation
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Hotel unicorn Oyo, which had used SoftBank money to expand aggressively before the pandemic, may land another big backer in Microsoft.
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The Hollywood Community Plan Update, which was rescinded in 2014, now moves to the city council for consideration.
A Demo Congress might mean higher taxes & regulation later, but CRE wants relief now.
Hotel executives expressed optimism about the market's recovery on Q1 earnings calls, citing increased occupancy in the spring and an expected summer bump.
The lender bought the property at foreclosure auction in 2018 for $9.5M.
High-income households are spending more money than ever making travel accommodations, pushing room rates past 2019 levels for a certain subset of hotels.
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