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Hotels in trouble: the Hilton Houston Post Oak (left) saw its value cut in half and is in foreclosure, and the Residence Inn Arlington Pentagon City is set to be torn down and turned into part of Amazon’s HQ2. (Photos via Hilton; Marriott; iStock)
National Insights

Here are the markets where hotels are hurting the most

Nearly $31 billion in outstanding CMBS hotel loans — more than a third of the total — is due...

Here are the markets where hotels are hurting the most
Eric and Donald Trump Jr. with 1100 Pennsylvania Avenue (Photos via Getty; Trump Hotels)
National

Trump Org puts DC hotel sale on “indefinite hold”

Plans to sell the Trump International Hotel in Washington D.C. have been shelved after bids came in at less...

Trump Org puts DC hotel sale on “indefinite hold”
NYC & Company projects tourism to reach only one-third of last year’s number, with just 22.9 million visitors expected this year. (Getty)
New York

New York’s tourism industry faces long recovery

A new forecast projects New York’s tourism industry might not recover from its pandemic-related woes for at least four...

New York’s tourism industry faces long recovery
Starwood CEO Barry Sternlicht, InTown Suites CEO Ash Kapur and 1071 NE 28th Avenue in Homestead (Getty, Google Maps)
National

Starwood scores $265M refi for portfolio of InTown, Uptown hotels

Starwood Capital Group secured $265 million in refinancing for a portfolio of 58 extended-stay and midscale hotels nationwide, representing...

Starwood scores $265M refi for portfolio of InTown, Uptown hotels

The London West Hollywood in Beverly Hills and InterContinental Times Square in New York (right) (Google Maps; iStock)
National

Hotels pivot to office space to stanch losses

Hotels across the country are pivoting to become offices as a way to survive the pandemic. In New York,...

Hotels pivot to office space to stanch losses
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