Poor hospitality: Hotel owners in big cities hit major tipping point
All of the lights in the Hilton Times Square have been pitch black for weeks — one of several...
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Starwood scores $265M refi for portfolio of InTown, Uptown hotels
Starwood Capital Group secured $265 million in refinancing for a portfolio of 58 extended-stay and midscale hotels nationwide, representing...
Hotels pivot to office space to stanch losses
Hotels across the country are pivoting to become offices as a way to survive the pandemic. In New York,...
Leisure and hospitality gain 318K jobs in September as economic growth lags
The leisure and hospitality industry led employment gains in September with 318,000 jobs added to the economy, trouncing the...
Colony deal puts Highgate among biggest hotel owners
Highgate’s deal to purchase a $2.8 billion portfolio of hotels from Colony Capital will catapult the company into...
In the rough: Trump’s golf clubs and resorts have lost $315M
President Trump’s golf club and resort properties have long been in the financial rough. Since 2000, Trump has reported...
Troubled commercial properties see values fall 27%: report
Commercial properties such as hotels and malls may have lost as much as a quarter of their value as...
Amazon grows HQ2 site near DC with hotel buy
Amazon’s massive HQ2 development outside Washington D.C. may be expanding. The e-commerce leviathan bought a Residence Inn by Marriott...
Colony sells most of its hotel biz to Highgate in $2.8B deal
Tom Barrack’s Colony Capital is selling the majority of its beleaguered hotel business to private investor Highgate Hotels in...
Hotel industry is in trouble and more lenders want out
As hotels across the U.S. continue to suffer — average occupancy is just under 50 percent — an increasing...
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