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Almost 4,000 rooms are under construction now.
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Hotels are in recovery mode, but a persistent lack of workers is stalling momentum at properties nationwide.
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The numbers might also hold the first signs of the long-awaited return of business travelers.
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Hotels made an unusual recovery sans business travelers, but a slump might be coming.
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Hotels took a beating during the pandemic — but are seeing a boost now as remote work allows for weekend travel and retirees seek entertainment.
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Hotel demand hasn't returned to pre-pandemic levels, leaving the sector facing a repricing
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Chetrit claims Maverick, as the junior mezzanine lender, was able to “effectively steal" the property by buying it for $100K, though its value is over $40M.
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Declines in San Francisco tourism and a weaker-than-expected convention schedule have hurt the city's hotels.
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Data shows sharper hotel revenue declines in D.C. than in other markets in recent months, and owners say they are seeing association groups cancel bookings.
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Hotels may be forced to sell or convert to other uses as NYC starts cutting shelter contracts with owners.
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