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Despite major hotel industry downturn, Sam Moon Group preps to open Frisco luxury hotel.
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The Marriott-owned W Hotel in lower Manhattan won’t open its doors again, according to labor filings recorded this week.
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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.
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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.
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Hotel finance experts see more distress coming in the market this year as occupancies remain low and forbearance agreements expire.
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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.
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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
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The owner of the land under the building says RFR hasn't paid November and December ground rent.
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UK hotel investment volumes plunge amidst predictions distressed sales and bargain hunters will keep the market ticking over in 2021.
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There are more hotel delinquencies in CMBS loans now than in the pit of the '09 recession.
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