Hotel market


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90 Sands Street
National

Hotel conversions race against the clock

On a nondescript corner in Brooklyn, sandwiched between on-ramps for the Brooklyn and Manhattan bridges, a long-vacant hotel formerly run by the Jehovah’s Witnesses is starting a new chapter. Aby Rosen’s RFR Realty acquired...

Hotel conversions race against the clock
The hotel recovery is far from complete
National

The hotel recovery is far from complete

The recovery of the hotel industry in the United States is far from complete, as an optimistic peak vacation season gives way to what may be a disappointing fall and holiday season. About 1...

The hotel recovery is far from complete
Villa Florence Hotel at 225 Powell Street (Google Maps)

Century-old Villa Florence hotel sells for $88M

An affiliate of AWH Partners and the Roxborough Group paid $87.5 million for the century-old Villa Florence hotel near...

Century-old Villa Florence hotel sells for $88M
The Fairwind Hotel and Joseph Chetrit (Getty, Fairwind)
Miami

Chetrit Group sells Miami Beach hotel for $42M

The Chetrit Group sold a Miami Beach apartment hotel to its operator for $42 million, The Real Deal has...

Chetrit Group sells Miami Beach hotel for $42M
AvantStay CEO Sean Breuner (AvantStay, iStock)
National

AvantStay launches brokerage arm

In a move that goes beyond rentals, AvantStay has launched its brokerage arm. The short-term rental company, which now has over 600 homes throughout the U.S., announced that it will hire real estate agents...

AvantStay launches brokerage arm
Hyatt Hotels CEO Mark Hoplamazian and Apple Leisure Group Chairman Alex Zozaya (Hyatt, Apple Leisure Group)
National

Hyatt Hotels buys Apple Leisure Group for $2.7B

Hyatt Hotels is buying Apple Leisure Group, an asset-light resort operator, from two private equity firms, with an eye...

Hyatt Hotels buys Apple Leisure Group for $2.7B
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