Singaporean REIT Buys London And Dublin Hotels For £275M In Bet On Travel Recovery

CapitaLand Ascott Trust expects to be able to increase the value of its London purchase by £100M.

New Rules Passed For LA Hotels As Industry Worries About Development Pause

The hotel industry dodged a bullet, one industry group said.

Short-Term Gain, Long-Term Pain: Rocky Road Ahead For NYC's Migrant Shelter Hotels

Real estate investors are eyeing hotels, including those housing migrants, as they look for opportunities in New York City.

City Investments Pushed 2 Houston-Area Hotels Over The Top As Projects Elsewhere Faltered

Public-private partnerships helped supplement the funding needed to develop new Hyatt Regency hotels in Conroe and Baytown.

REIT Ashford Looks At Selling A Dozen Hotels To Pay Off Debts

The beleaguered hospitality REIT has a plan in place to pay off its billions in debt maturing in the coming years.

Oxford Capital To Continue Operating San Francisco Hotels After 'Friendly Foreclosure'

Oxford acquired the 428-room portfolio for $141M in 2019.

DeSantis Walks Back Plan To Develop Hotels And A Golf Course At Florida’s State Parks

The plan, called the Great Outdoors Initiative, survived less than two weeks after drawing widespread scorn from conservationists and Republican lawmakers.

NYC Nixes Migrant Shelters At 9 Hotels As Crisis Subsides

The move comes as the city seeks to scale back its contracts with hotels acting as migrant shelters, saying most new arrivals have moved on.

Miami Beach Cracks Down On New Hotels To Curb Overdevelopment

Miami Beach is cracking down on hotel development by requiring new projects to gain a five-sevenths approval from the City Commissioners.

Bankrupt LuxUrban Is Taking Reservations At Shuttered Hotels, Court Filings Warn

The hotel operator, which filed for Chapter 11 bankruptcy last week, is now being pursued by unsecured creditors, including a union representing workers.