)
CRE valuation has mostly held its own in 2021. Investors are keen to buy going forward.
)
Condor Hospitality Trust is selling its portfolio and closing up shop.
)
Dayan family-backed vehicle gets covenant waivers
)
The recovery of the hotel sector has just begun, but investors are already getting ready to jump back into the industry.
)
A House committee says the federal government shouldn't lease the D.C. property, redeveloped into a hotel, to The Trump Organization.
)
In late 2019, Mark Siffrin’s Maefield Development defaulted on the $800M leasehold debt.
)
The potential sale comes three years after Brookfield acquired a 92-hotel portfolio for $707M.
)
Hotel REITs reported in Q3 earnings that demand has picked up, including an increase in business travel, but their revenue and profits are still far below 2019.
)
After years of financial woes and struggles to renovate its 1897 building, the embattled Blue Moon Hotel has filed for Chapter 11 bankruptcy.
)
The proposal would restore the century-old Rendon Hotel and add a 15-story tower/expansion on a surface parking lot next door.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.