Hotels took a beating during the pandemic — but are seeing a boost now as remote work allows for weekend travel and retirees seek entertainment.
Hotel demand hasn't returned to pre-pandemic levels, leaving the sector facing a repricing
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.
Declines in San Francisco tourism and a weaker-than-expected convention schedule have hurt the city's hotels.
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.
Hotels may be forced to sell or convert to other uses as NYC starts cutting shelter contracts with owners.
Every large publicly traded hotel company that provides forward-looking projections lowered their full-year outlooks for revenue per available room.
Hotels and travelers are stakeholders in the blockchain system. Hotel rooms become currencies that can be exchanged.
Executives from Dream Hotel Group, the Trump Organization and other hotel companies say food and beverage concepts make up a large share of their revenue.
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