Hotels


The Latest

(Getty)
National

Hotel stocks went bonkers in February

Hotel investors can rest a little easier at night. Robust gains in February put share prices of publicly traded hotel companies back up to pre-Covid levels, a year after the pandemic sent valuations into...

Hotel stocks went bonkers in February
Larry Korman and Joe Lubeck (iStock)
National

Electra America, AKA launch $500M hotel fund

A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment...

Electra America, AKA launch $500M hotel fund
(iStock)
National Insights

US hotel market had worst year since the Great Depression

The coronavirus pandemic made 2020 the worst year for the U.S. hotel market since the Great Depression, when occupancy...

US hotel market had worst year since the Great Depression
Acore Partner Warren de Haan. (Acore, Getty)
National

Acore Capital raises $1B to provide rescue cash to hotels

 Acore Capital raised $1 billion to provide rescue capital to struggling hotels. The lender said it will originate and...

Acore Capital raises $1B to provide rescue cash to hotels
Trump Plaza in Atlantic City (Getty)
Tri-State

Trump Plaza in Atlantic City is demolished

This is the way the casino ends. Not with a bang but a whimper. An auction to detonate the former Trump Plaza Hotel and Casino in Atlantic City didn’t happen, but tickets to watch...

Trump Plaza in Atlantic City is demolished
 61 Bond Street in Brooklyn, iStar's Jay Sugarman and GFI's Allen Gross (Photos via Google Maps, iStar and Urban Land Institute)

GFI sells ground under Ace Hotel in Brooklyn for $45M

UPDATED, Feb. 11, 2021, 11:55 a.m.: Development firm GFI Capital Resources has sold the ground beneath its 285-key Ace...

GFI sells ground under Ace Hotel in Brooklyn for $45M
AKA United Nations at 234 East 46th Street (Google Maps, iStock)

Bank forecloses on Prodigy’s AKA United Nations hotel building

UPDATED, Feb. 10 2021, 7:30 p.m.: Canadian Imperial Bank of Commerce has moved to foreclose on a Manhattan hotel...

Bank forecloses on Prodigy’s AKA United Nations hotel building

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...