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Arne Sorenson (Getty)

Marriott claims Covid-induced crisis for hotels has bottomed out

Marriott International believes the hotel industry believes the worst is over, so it’s halting its relief measures for hotel...

Marriott claims Covid-induced crisis for hotels has bottomed out
Secretary of Labor Eugene Scalia (Scalia by Samuel Corum/Getty Images; Noam Galai/Getty Images; Mike Pont/Getty Images)

Hospitality, retail led job gains in July

The hospitality, leisure and retail sectors led job gains in July, with unemployment levels improving slightly overall. Payroll employment rose by 1.8 million in July and the unemployment rate declined to 10.2 percent, following...

Hospitality, retail led job gains in July
Hilton CEO Chris Nassetta (Getty, iStock)

“We’re not crying in our milk”: Hilton eyes new hotels despite $432M loss in Q2

Hilton Worldwide Holdings pressed on with developing new hotels despite heavy losses last quarter. The hotel giant opened 60...

“We’re not crying in our milk”: Hilton eyes new hotels despite $432M loss in Q2
Hutton Hotel in Nashville and The Jewel Runaway Bay Beach Resort & Waterpark in Jamaica (Hutton, Booking)

Desperate hotel owners selling at discounts up to 30%

Cash-strapped hotel owners are selling properties at discounts and agreeing to sky-high interest rates with federal aid about to...

Desperate hotel owners selling at discounts up to 30%
André Balazs and the Chateau Marmont (Getty, Wikimedia) 

André Balazs plans to convert Chateau Marmont into private club

The coronavirus may have made travelers wary of staying in a hotel with strangers, but hotelier André Balazs is...

André Balazs plans to convert Chateau Marmont into private club
From left: The Fontainebleau Miami Beach, Shore Club and Clevelander South Beach 

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market

UPDATED, July 21, 9:55 a.m.: Jeffrey Soffer’s iconic Fontainebleau Miami Beach was among the first of the city’s hotels...

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market
AOC blasts hospitality REITs for seeking federal aid to pay dividends

AOC blasts hospitality REITs for seeking federal aid to pay dividends

UPDATED, July 16, 2020, 5:56 p.m.: U.S. Rep. Alexandria Ocasio-Cortez is taking aim at real estate investment trusts that...

AOC blasts hospitality REITs for seeking federal aid to pay dividends
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
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