Hotel Market


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The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)

Long Island’s hotel market could be headed for a downturn

The hotel market on Long Island is expected to take a significant downturn in the next four years, becoming...

Long Island’s hotel market could be headed for a downturn
(Credit: iStock)

This obscure Caribbean island is a favorite among the super wealthy

Within the Caribbean islands of Grenada and St. Vincent, there’s a picturesque isle frequented by the super wealthy called...

This obscure Caribbean island is a favorite among the super wealthy
Manhattan hotel at center of 1MDB fraud case lands $615M refinancing

Manhattan hotel at center of 1MDB fraud case lands $615M refinancing

Deutsche Bank and JPMorgan have loaned the Witkoff Group and his investment group $615 million to refinance the Park...

Manhattan hotel at center of 1MDB fraud case lands $615M refinancing
From left: Hilton Worldwide Holdings CEO Christopher Nassetta, the Waldorf Astoria at 301 Park Avenue, and China President Xi Jinping (Credit: Getty Images)

Hilton chief talks China, the Waldorf Astoria and tipping at NYU hospitality conference

Hilton Worldwide Holdings’ dealings with the Chinese government, the Waldorf Astoria and tipping practices were all topics of conversation...

Hilton chief talks China, the Waldorf Astoria and tipping at NYU hospitality conference
Clockwise from top left: Starwood Capital Group's Akshay Goyal, BD Hotels' Richard Born, HVS president and CEO Stephen Rushmore and Apollo’s Tracey Gamble and the Marriott Marquis

Is the hotel market under siege? Execs point to political climate as “a big concern”

Hotel investors at NYU’s annual hospitality conference say they’re hungry for good deals despite a slowing economy, rising costs...

Is the hotel market under siege? Execs point to political climate as “a big concern”
Andrew Zobler and Ron Burkle with 1170 Broadway (Credit: Google Maps, Wikipedia, and Kaplan & Company)

NoMad Hotel owners settle feud to save property from bankruptcy auction

Billionaire investor Ron Burkle and the business partner he once threatened to “go thermonuclear” on, hotelier Andrew Zobler, have...

NoMad Hotel owners settle feud to save property from bankruptcy auction
REBNY President John Banks and The Waldorf Astoria New York at 301 Park Avenue (Getty Images, Larry Ford)

Developers, start your engines: Moratorium on hotel conversions expires

The city’s four-year moratorium on converting hotel rooms to residential units quietly expired over the weekend, as the city...

Developers, start your engines: Moratorium on hotel conversions expires
The former Montauk Yacht Club Resort & Marina on Star Island with Lloyd Goldman and George Filopoulos of Metrovest Equities (Credit: Getty Images)

The Hamptons hotel hopscotch

While Hampton weekenders were enjoying the off season, real estate players were transacting on the East End hospitality scene. And there are a number of new venues in the mix. For starters, Glamping has...

The Hamptons hotel hopscotch
Hyatt is doubling down on boutique “lifestyle hotels”

Hyatt is doubling down on boutique “lifestyle hotels”

The days of one-brand hotel chains are fast disappearing, as the hospitality conglomerates double down on lifestyle and boutique...

Hyatt is doubling down on boutique “lifestyle hotels”
From left: Brookfield CEO Bruce Flatt, JW Marriott Essex House on Central Park South, Fairmont Chicago, and Fortress Chairman Wesley Edens (Credit: Getty Images)

Brookfield, Fortress among bidders vying for Anbang’s US hotel portfolio

Chinese officials looking to sell Anbang’s portfolio of 15 U.S. hotels received offers from 17 bidders, including Brookfield Asset...

Brookfield, Fortress among bidders vying for Anbang’s US hotel portfolio
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