Retail and hospitality led June job gains as virus surged
The U.S. added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, beating economists’ expectations....
Hotel Market
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Sapir Corp’s earnings highlight challenges facing NYC hotels
As the coronavirus crisis led many New York City hotels to close their doors, some properties have managed to...
Unemployment filings stabilize — but at record highs
Another 1.5 million Americans filed for unemployment benefits last week, about one-third fewer than the week prior. The number...
GFI Capital takes majority stake in James Hotel in $110M deal
New York’s hotel market appears ripe for opportunity investors, as Allen Gross’ GFI Capital has upped its stake in...
Real estate stocks outperform broader market but still sink
Real estate stocks recovered some of their losses after signs of a second wave of coronavirus infections pushed the...
Construction, retail, restaurants lead May jobs rebound
The U.S. added 2.5 million jobs in May, a surprising bounceback after a March and April that saw 22.1...
Tallying crisis’ toll on MRR Development’s Hotel Indigo
Unlike many New York hotels, Hotel Indigo Lower East Side has kept its doors open during the coronavirus pandemic....
Selina CEO says $60M in funding will get startup through crisis
Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing....
Sapir gets PPP loan for NYC hotel; Rotem Rosen to return his
Alex Sapir’s Sapir Corp is the latest New York City hotel owner set to land a Paycheck Protection Program...
Developers, resort owners push for Florida reopening plan
UPDATED, April 21, 5:45 p.m.: Developers and leaders in Florida’s hospitality industry are calling for a clear plan for...
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