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Blackstone COO Jonathan Gray and Club Quarters Chicago at 111 W Adams Street (Getty, Google)

Blackstone misses payment on $274M hotel loan

As the hospitality sector struggles to regain its footing, Blackstone skipped a payment on a $274 million hotel loan....

Blackstone misses payment on $274M hotel loan
Colony Capital CEO Tom Barrack (Getty, iStock)

Colony Capital reconsiders hotel portfolio in bid to shift from traditional properties

Colony Capital is weighing its options for its portfolio of hotels. The Tom Barrack-led company has hired Moelis &...

Colony Capital reconsiders hotel portfolio in bid to shift from traditional properties
An essential worker staying at USC Hotel in Los Angeles (Credit: Robert Gauthier / Los Angeles Times via Getty Images)

Hotel occupancy rises as essential workers, homeless fill rooms

The hotel market is improving across the country but that comes with a caveat. The uptick is likely a...

Hotel occupancy rises as essential workers, homeless fill rooms
Blackstone’s Jonathan Gray and Starwood Capital Group’s Barry Sternlicht (Credit: Gray by  Drew Angerer/Getty Images; Sternlicht by Cindy Ord/Getty Images for 1 Hotels)

Blackstone, Starwood pick up stakes in Extended Stay America

Two of the largest real estate investors are funneling funds into an extended-stay hotel chain. Barry Sternlicht’s Starwood Capital...

Blackstone, Starwood pick up stakes in Extended Stay America
2328 South Michigan Avenue (Credit: Google Maps)

Former Related Midwest exec plans Motor Row Hotel

The U.S. hotel industry has been battered by the intensifying restrictions cities and the federal government have imposed to...

Former Related Midwest exec plans Motor Row Hotel
Soho House New York at  29-35 9th Avenue and Soho House CEO Nick Jones (Credit: Getty Images, Google Maps)

It doesn’t turn a profit, but Soho House is now valued at $2B

Soho House, the luxury hotel and private members’ club, has raised $100 million to fund a global expansion over...

It doesn’t turn a profit, but Soho House is now valued at $2B
Scrapped luxury condo makes way for boutique hotel, Fulton Market building notches i-sales record: Daily digest

Scrapped luxury condo makes way for boutique hotel, Fulton Market building notches i-sales record: Daily digest

Every day, The Real Deal rounds up Chicago’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this...

Scrapped luxury condo makes way for boutique hotel, Fulton Market building notches i-sales record: Daily digest
Sterling Bay managing principal Keating Crown and 300 North Michigan Avenue (Renderings via Concha Mora)

Sterling Bay moves forward on Loop proposal with help from the Crown family

The heavyweight group of investors backing a new 47-story hotel and residential tower in the Loop just got heavier....

Sterling Bay moves forward on Loop proposal with help from the Crown family
Hospitality 3 building new hotel at University of Chicago

Hospitality 3 building new hotel at University of Chicago

Hospitality 3 is building a hotel on the University of Chicago campus in Woodlawn. The New York-based developer is...

Hospitality 3 building new hotel at University of Chicago
Dip in US revenue prompts shorter forecast for Marriott

Dip in US revenue prompts shorter forecast for Marriott

A dip in North America revenues has prompted Marriott to slightly lower its forecast. Marriott, the parent company of...

Dip in US revenue prompts shorter forecast for Marriott
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