NYC hotels hoping for holiday business swell likely to be disappointed
New York City hotel operators are going to be feeling like Ebenezer Scrooge this holiday season if reported occupancy...
Hotel Market
The Latest
Investors flip NYC industrial, hotel, office buildings in pre-holiday frenzy
Hot deals before hot meals. Property owners cooked up some tasty investment sales ahead of Thanksgiving, with offices, industrial...
National
Brookfield weighs $1.5B hotel portfolio sale
Brookfield Asset Management is weighing the sale of a portfolio of extended-stay hotels for up to $1.5 billion, Bloomberg...
Midtown’s Four Seasons caught in tiff between owner and hotel brand
The Four Seasons Hotel in Midtown may soon reopen, but a dispute between the building’s owner and the management...
Maefield’s Times Square Edition hitting auction block
Maefield Development’s Times Square Edition will soon change hands after a New York State court entered a judgment of...
Shuttered Courtyard by Marriott LaGuardia up for sale
Hotels have been largely empty during the pandemic. As have airports. So if you own an airport hotel, chances...
Oklahoma City developer reviving shuttered Martinique Hotel
Left for dead during the pandemic, the Martinique Hotel is suddenly receiving new life from an unexpected buyer. Burnett...
Tri-State
Bridgeton Holdings lists its 2 East Hampton hotels
Bridgeton Holdings has listed its two East Hampton hotels for sale. The Manhattan-based hospitality owner and developer wants to...
National
Highgate, Cerberus acquire CorePoint Lodging for $1.5B
CorePoint Lodging, a publicly traded lodging REIT spun off of the La Quinta hotel brand, is being acquired by...
National
Airbnb’s revenue, profit soar as “work from anywhere” deepens
Airbnb’s revenue and profit soared to all-time highs in the third quarter as travelers capitalized on summer weather and...