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The property is slated to open in late 2022, with 13 food and beverage options and two hotel brands inside.
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The return of Lollapalooza this weekend will put a lot of money in the tills of CBD hotels, but its dense crowds of concertgoers could spread Covid further.
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Events such as Dragon Con and the Chick-fil-A Peach Bowl are promising to improve Atlanta hotels' leisure business as well this year.
The emergence of the omicron variant may not spell doom for hotels, but it means a worse-than-expected holiday season and prolonged recovery for the industry.
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Perez-Alvarado talks about market recovery, ESG mandates and the value of flexible workplace arrangements to retain talent.
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Tristan wants to buy hotels for core-plus and opportunistic funds.
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Though they aren't trading at steep discounts, hotels are trading quite briskly.
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The seven hotels were considered non-core urban properties and allow Hersha to pay down corporate debt and focus on luxury and resort properties.
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Developers are unleashing the most new hotel rooms in the city's history, including the Signia By Hilton.
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Two of Ireland's most luxurious hotels have been put on the market with a combined price tag of €20.5M.
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