Hotel market


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Larry Korman and Joe Lubeck (iStock)
National

Electra America, AKA launch $500M hotel fund

A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment...

Electra America, AKA launch $500M hotel fund
News of President-elect Biden’s $1.9T stimulus plan held promise for employment and economic activity. (Getty)
National

Real estate stocks hold gains even as market doesn’t

Real estate stocks ended the week in positive territory while the broader market gave up its gains after President-elect...

Real estate stocks hold gains even as market doesn’t
Some restaurants and hotels are partnering up to offer private dining in empty rooms, in an attempt to survive the economic fallout of the pandemic. (iStock)
National Weekend Edition

Hotels turn empty rooms into private dining suites

The pandemic has upended every part of the hospitality industry, with travel restrictions leaving hotel rooms empty, and lockdowns...

Hotels turn empty rooms into private dining suites
Slate Property Group co-founder Martin Nussbaum and the Hotel Cecil (Slate, Google Maps)

Developer snags $30M loan for Hotel Cecil conversion

Simon Baron Development secured a $30 million mezzanine loan for its ongoing work to convert the notorious former Hotel...

Developer snags $30M loan for Hotel Cecil conversion
Domio’s interim CEO Jim Mrha (Photos via Domio; iStock)
National

Domio not shutting down, plans “financial re-engineering”

Reports of Domio’s demise have been greatly exaggerated, according to the company’s interim CEO. In response to a recent...

Domio not shutting down, plans “financial re-engineering”
Domio's CEO Jay Roberts and Chief Strategy Officer Adrian Lam (Photos via Domio)
National

Short-term rental operator Domio shuts down

Short-term rental operator Domio is reportedly going out of business. The startup, which was founded in 2016, will shut down and sell its assets through an assignment for the benefit of creditors, with Sherwood...

Short-term rental operator Domio shuts down
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