Hotel market


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The W Hotel at 8 Albany Street (Google, Facebook)

W Hotel in downtown Manhattan closes forever

The W Hotel in downtown Manhattan is the latest to close its doors for good. The 217-key hotel at...

W Hotel in downtown Manhattan closes forever
The economy beat expectations in June, adding 4.8 million jobs, with retail and hospitality leading the way. But a surge in coronavirus infections threatens further gains. (Getty)

Retail and hospitality led June job gains as virus surged

The U.S. added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, beating economists’ expectations....

Retail and hospitality led June job gains as virus surged
The rate of job loss in America has stabilized, even though businesses continue to hemorrhage employees at unprecedented levels. (iStock)

Unemployment filings stabilize — but at record highs

Another 1.5 million Americans filed for unemployment benefits last week, about one-third fewer than the week prior. The number...

Unemployment filings stabilize — but at record highs
Federal Reserve Chairman Jerome Powell (Getty, iStock)

Real estate stocks outperform broader market but still sink

Real estate stocks recovered some of their losses after signs of a second wave of coronavirus infections pushed the...

Real estate stocks outperform broader market but still sink
(iStock)

Real estate stocks rally on strong May jobs report

Stock markets rallied on Friday following much stronger job gains in May than were expected, with many real estate...

Real estate stocks rally on strong May jobs report
The construction, retail and restaurant sectors led May’s surprising jobs rebound, while the hotel industry continued to suffer. (Getty, iStock)

Construction, retail, restaurants lead May jobs rebound

The U.S. added 2.5 million jobs in May, a surprising bounceback after a March and April that saw 22.1...

Construction, retail, restaurants lead May jobs rebound
Selina CEO Rafael Museri (Credit: The Vollman Group)

Selina CEO says $60M in funding will get startup through crisis

Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing....

Selina CEO says $60M in funding will get startup through crisis
Hotel CMBS loans worth $2B fall into special servicing

Hotel CMBS loans worth $2B fall into special servicing

As the coronavirus roils the commercial-mortgage backed securities market, loans on hotel properties have been ahead of the curve...

Hotel CMBS loans worth $2B fall into special servicing
Crown Group’s head of U.S. development, Patrick Caruso and a new rendering of the project (Credit: Koichi Takada Architects/LA Times)

Crown Group makes dramatic changes to $500M DTLA project

Australian developer Crown Group is now betting that both the condominium and hotel markets rebound in time for the...

Crown Group makes dramatic changes to $500M DTLA project
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