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Cars, airports, phones, shops and hotels should be the inspiration for office owners today.
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Optimism pervades the hotel market for 2019, helped in part by an expected boost from Super Bowl LIII.
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The likely passage of an Anaheim ballot initiative will increase the minimum wage for hotel businesses that receive city subsidies to $18/hour by 2022.
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Data from STR shows D.C.'s hotel performance dropped in the first quarter, and some large hospitality REITs have expressed concern about the market for 2019.
Declining occupancy has made it difficult for D.C. hotel owners to raise rates, but developers are still launching projects that will add thousands of rooms.
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MGM Resorts buys half of Sydell Group to make an entry into non-gaming U.S. hotels.
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Rising labor costs associated with minimum wage increases are presenting challenges to businesses across the commercial real estate industry.
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The national hotel investor was largely absent from the Bay Area market. Then it bought four downtown San Francisco hotels for repositioning.
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MGM Grand Resorts sells MGM Grand and Mandalay Bay to a JV and leases them back.
Coronavirus is expected to decrease Chinese visits to the U.S. this year by 28%, and China has recently been the No. 1 country for tourists coming to D.C.
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