Despite major hotel industry downturn, Sam Moon Group preps to open Frisco luxury hotel.
The Marriott-owned W Hotel in lower Manhattan won’t open its doors again, according to labor filings recorded this week.
After securing $141M in refinancing for its Residence Inn Chicago Downtown hotel, The Prime Group said the operation is safe for the next two years.
The hospitality industry was among the hardest-hit by the pandemic. The road to recovery looks long, but one lender is ready to get back in the game.
Hotel finance experts see more distress coming in the market this year as occupancies remain low and forbearance agreements expire.
Hotels dependent on business travel are not enjoying the same success as vacation spots, but their long-term outlook is good — and that could be dangerous.
After a 15-hotel deal collapsed, the seller and buyer took each other to court in a virtual trial, each suing the other for alleged breach of contract
The owner of the land under the building says RFR hasn't paid November and December ground rent.
UK hotel investment volumes plunge amidst predictions distressed sales and bargain hunters will keep the market ticking over in 2021.
There are more hotel delinquencies in CMBS loans now than in the pit of the '09 recession.
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