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Faena Hotel Miami Beach and Eau Palm Beach (Faena, Eau Palm Beach)

Faena Hotel, Eau Palm Beach Resort among latest to lay off hundreds

UPDATED, July 31, 4:50 p.m.: South Florida hotels continue to lay off hundreds of employees due to the coronavirus...

Faena Hotel, Eau Palm Beach Resort among latest to lay off hundreds
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 hotels into private clubs

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

André Balazs plans to convert hotels into private clubs
Shelborne South Beach

Shelborne South Beach unit owners lose appeal contesting $30M in assessments

A pair of investors who bought condo-hotel units in the Shelborne South Beach suffered a significant setback in their...

Shelborne South Beach unit owners lose appeal contesting $30M in assessments
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
Clevelander South Beach

Party’s over: Clevelander South Beach closes after employee tests positive for Covid

The Clevelander South Beach closed over the weekend after an employee tested positive for Covid-19, a month after reopening....

Party’s over: Clevelander South Beach closes after employee tests positive for Covid
Lennox Miami Beach

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit

The recent ouster of a Lennox Miami Beach hotel executive is playing out like a Spanish telenovela in Miami...

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit
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
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