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Multiple large-scale events have been cancelled or postponed in Houston because of rising Covid-19 cases, hurting the city's hotel sector.
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The property will provide housing for 600 low-income tenants.
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The Hotel Excelsior has remained closed since the start of the pandemic. Now Emmut Properties plans to convert the Upper West Side tower into apartments.
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After two years of record low activity, investors are seeing opportunity in New York's capital hotel market amid low sale prices.
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The eight-story project will hold a 125-key hotel, 121 apartments and 13K SF of restaurant space along the street and on the roof.
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To be able to make an informed decision about what the right and wrong opportunities for new hotels are, data is key.
Armed with financial reporting from Trump's accounting firm, new light is being shed on the former president's most high-profile property.
The hotel is expected to be rebranded as a Waldorf Astoria.
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Billionaire brothers are making a habit of providing debt, then taking ownership or initiating the sale of hotels
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Thai investor seeks longer-term solution as loan expiry approaches.
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