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From left: Gaw Capital Partners’ Goodwin Gaw, Howard Lorber of New Valley Group, Oyo CEO Ritesh Agarwal, Soho House's Ron Burkle, and Steven Witkoff of Witkoff Group (Getty)

TRD Insights: These hotel businesses got big PPP funding

More than 8,100 hotel businesses across the country received federal coronavirus assistance of $150,000 or more through the Paycheck...

TRD Insights: These hotel businesses got big PPP funding
CIM Group’s Shaul Kuba, Knotel's Amol Sarva, The Agency’s Mauricio Umansky and Related Group’s Jorge Pérez (Getty, Sarva by Sasha Maslov)

These real estate companies got fat PPP loans

In New York, California, Florida and Illinois a total of more than 1,000 real estate and real estate-related businesses...

These real estate companies got fat PPP loans
From top: Los Angeles, Minneapolis, Chicago and New York 

TRD Insights: These metro areas are seeing the most CMBS loan distress

The coronavirus pandemic has thrown tens of billions of dollars in commercial-mortgage backed securities debt into special servicing, and...

TRD Insights: These metro areas are seeing the most CMBS loan distress
The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished

Virgin Hotels had been looking for the right redevelopment opportunity in South Beach for years, and appeared to have...

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished
The Gaylord hotel brand is now spending between $10 million and $12 million on new safety procedures. (iStock)

Hotels are reopening. Will anyone come?

Hotels across the country are starting to reopen for business, but guests who show up will face a very different environment. General managers need to persuade guests that they will be safe staying at...

Hotels are reopening. Will anyone come?
(iStock)

Las Vegas casinos reopen for socially distanced gambling

Poker players and party people rejoiced Thursday as the Las Vegas strip reopened, but something in Sin City is...

Las Vegas casinos reopen for socially distanced gambling
(iStock)

US hotel occupancy climbs for the seventh-straight week

U.S. hotel fundamentals climbed for the seventh week in a row as the country comes out of the depths...

US hotel occupancy climbs for the seventh-straight week
Hotel occupancy continued its recovery from the coronavirus, with rates reaching an average of 35% in the U.S. after Memorial Day weekend. (Getty)

Hotel occupancy hovers around 35% after Memorial Day boost

Hotels are slowly clawing their way back from pandemic purgatory. National occupancy rates climbed to 35.4 percent between May...

Hotel occupancy hovers around 35% after Memorial Day boost
Anbang’s Andrew Miller, Mirae’s Peter Lee and (from left) JW Marriott Essex House, the Westin St. Francis in San Francisco and the Four Seasons in Jackson Hole (Credit: Marriott, Westin, Four Seasons)

Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways

The saga of Anbang Insurance Group’s sale of its $5.8 billion U.S. hotel portfolio has yet another wrinkle. The...

Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways
(Credit: iStock)

Hotel occupancy is up for fifth week in a row

Hotel occupancy increased for the fifth week in a row, though the industry remains in a deep rut. U.S....

Hotel occupancy is up for fifth week in a row
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