Watermark Capital sells Holiday Inn in Chelsea for $80 million
Watermark Capital has found a taker for the struggling Holiday Inn in Chelsea. Two Kings Real Estate bought the...
Hotel Market
The Latest
Is innovation dead? These real estate disruptors say no
Innovation. Innovation, innovation, innovation. Did you feel that? As the word “innovation” has migrated from Silicon Valley into marketing...
National
Brookfield hotel REIT sues insurers for denying pandemic claims
Hospitality Investors Trust, a hotel investor bankrupted by the pandemic and taken over by Brookfield Property Group, is taking...
Chetrit secures lifeline at Empire Hotel
Joseph Chetrit lives to fight another day at his Empire Hotel. Chetrit and his partners on the Upper West Side hotel, the Podolsky brothers, negotiated a modification on the property’s $170 million mortgage after...
Manhattan’s biggest loans in May led by rentals
Two luxury rental buildings on the Upper East Side fetched about 40 percent of the cash in last month’s...
Williamsburg hotel project up for bankruptcy sale
A Williamsburg hotel project is up for grabs in a bankruptcy sale more than four years after plans were...
Tri-State Issue
Outside investors see big opportunities in North Fork hotels
Jon Hoenig’s family and his business call New England home, but he feels a personal connection to Long Island’s...
Credentials faked on Hudson Yards tower, other projects: report
Three of hotelier David Marx’s projects are under scrutiny after an investigation uncovered that a retired architect who lent...
National
Short-term rental startup Sonder cuts staff 20% after poor public debut
Sonder, the short-term rental startup whose shares have plummeted more than 80 percent since it went public in a...
Hilton Times Square sold for measly $85M in recovery bet
Another hotel is coming back online in Times Square, a vote of confidence in the property that comes more...