Kevin Davis will take over the position after eight years in JLL's Hotels & Hospitality Division.
Real estate investment company NewcrestImage is taking advantage of better-than-expected momentum in the hotel industry.
The SPAC was lined up to purchase $411M worth of hotels, but the deal fell apart earlier this year.
Bisnow Reports talks summer travel with Donohoe Hospitality’s Thomas Penny and NYC Tourism & Conventions’ Tiffany Townsend.
The site at 150 West 48th St. spans two commercial lots but has three separate hotel brands.
Ashford Hospitality Trust said it is in the best interest of its stakeholders to not pay $255M to extend the loans on 19 of its hotel properties.
While overall U.S. hotel occupancy is getting closer to 2019 levels, the Swiftie effect has helped boost certain cities well above them.
Miami is among the country's top-performing hospitality markets, leading investors to buy hotels everywhere from the beach to airports.
Travel has rebounded at extraordinary rates, Airbnb has been curtailed by city laws and new hotel supply is thinning out.
The sale, brokered by new affordable housing-focused firm BridgeWater Real Estate Brokerage, tees up RST Development's 317-unit plan for the site.
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