hotel market

Four Seasons Resort Palm Beach and Carillon Miami Wellness Resort

Carillon Miami Beach, Four Seasons Palm Beach furlough 550 employees

The Carillon Miami Wellness Resort and the Four Seasons Resort Palm Beach furloughed 550 employees, as the pandemic continues...

Carillon Miami Beach, Four Seasons Palm Beach furlough 550 employees
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
Eden Roc and Benihana

Eden Roc Miami Beach, Benihana lay off hundreds in South Florida

The Eden Roc Miami Beach and Benihana laid off 727 employees, as the pandemic continues to devastate South Florida’s...

Eden Roc Miami Beach, Benihana lay off hundreds in South Florida
From top left, clockwise: Palms Hotel and Spa, Circa 39 Hotel, the Richmond hotel and Hard Rock Cafe Miami

The Palms, Shvo’s Miami Beach hotels, and Hard Rock Café lay off hundreds

The Palms Hotel and Spa, Circa 39, South Seas and Richmond Hotel in Miami Beach, as well as the...

The Palms, Shvo’s Miami Beach hotels, and Hard Rock Café lay off hundreds
There’s no “forbearance fairy” to fix Covid-broken loans: Verrone

There’s no “forbearance fairy” to fix Covid-broken loans: Verrone

Robert Verrone, arguably the most experienced hand when it comes to working out bad loans, said borrowers hit hard...

There’s no “forbearance fairy” to fix Covid-broken loans: Verrone
Clockwise from top left: John Tolbert, Philip Goldfarb, Dev Motwani, José Cil and Ken Stiles

Developers, resort owners push for Florida reopening plan

UPDATED, April 21, 5:45 p.m.: Developers and leaders in Florida’s hospitality industry are calling for a clear plan for...

Developers, resort owners push for Florida reopening plan
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
Missed loan payments will approach Great Recession highs, a new report finds (Credit: iStock, Getty Images)

Missed loan payments to approach Great Recession levels: Fitch

Missed loan payments are expected to approach Great Recession levels in the third quarter of 2020, part of the...

Missed loan payments to approach Great Recession levels: Fitch
Airbnb CEO Brian Chesky (Photo by Bryan Bedder/Getty Images for Airbnb)

Airbnb suspends marketing, cuts executive pay in half

Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will...

Airbnb suspends marketing, cuts executive pay in half
(Credit: Pixabay)

REIT declines outpace stock market amid shutdowns nationwide

Another barrage of bad news on the coronavirus front led to another rough week for the markets, with the...

REIT declines outpace stock market amid shutdowns nationwide
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