There is a lot capital on the sidelines waiting to be deployed, but European investors said that's likely where it will stay, at least for the foreseeable future…
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COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete…
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With $2.3 Billion in Maturities Looming, Service Properties Focuses on Addressing Debt
Service Properties Trust President and Chief Investment Officer Todd Hargreaves said his company is open to buying hotels, but its immediate priority is dealing with a wave of debt that is maturing over the next two years…
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CapitaLand Ascott Trust divests two hotels in Australia for AUD109.0 million - CBRE Hotels
Transaction is part of CLAS’ active portfolio reconstitution strategy to deliver sustainable returns to Stapled Securityholders.The Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Paramatta sold by Michael Simpson and Vasso Zographou of…
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Mogul Capital has pulled back on its plan to build a 396-room hotel in Santa Clara…
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Iron Horse Hotel's employees 'all stuck it out' during dispute that led to bankruptcy
The owner of Milwaukee's Iron Horse Hotel has settled a dispute that led the company to reorganize its finances under Chapter 11 bankruptcy protection…
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I reluctantly agreed to do this end of the year preview in that the uncertainty barometer is near the top of the scale…
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UK's Biggest Hotel Chain Wants 'EasyHotel' TM Revoked
London (October 17, 2023, 6:34 PM BST) -- Premier Inn Hotels Ltd. is arguing that the English courts should invalidate EasyGroup's "easyHotel" trademark, countering infringement claims over its "rest easy" marketing campaign…
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Torquay Premier Inn construction £3.5m over budget
A council-built 120-bedroom hotel is set to open in Torquay nearly two years late and £3.5m over budget. The Premier Inn, constructed by Torbay Council, was due to cost £11m, but the figure has risen to more than £14.5m…
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Midland Hotel owner loses almost £60m despite sales nearly doubling
The renowned hotel was recently in the spotlight when it hosted senior Conservative politicians during the party's recent annual conference which was staged at nearby Manchester Central…
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Perfect Storm - Llandudno 'spy hotel' on market for £2.4m during 'craziest time' in living memory
Through canny management, its owner is standing up to economic headwinds. But times are tough for him and tough for the sector…
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Resorts withdraw connector lift proposal
Vail Resorts-owned Stowe Mountain Resort and privately-owned Smugglers’ Notch Resort had been in discussions with the state since 2017 about a proposal to build a 2,600-foot connector lift…
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Airbnb watchdog flags hundreds of Toronto condos as ‘ghost hotels’ - Watch The Video
A Canadian Airbnb watchdog has sounded alarm bells over the number of condo buildings in Toronto acting as “ghost hotels.” In a Saturday press release, representatives for Fairbnb, a not-for-profit coalition of hotel owners, academics and concerned…
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Resort real estate developers struggle to survive tough times
Many resort real estate firms are in distress as resorts receive few guests amid signs of resort oversupply…
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Airbnb Inc. CEO Brian Chesky hasn’t had an easy 2023. First there was the “Airbnbust" frenzy in March, in which hosts took up arms on Twitter (now X) about shrinking profit margins and a potential short-term rental bubble…
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US hotel loan defaults could rise on falling leisure stays, climbing costs
U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with rising costs are expected to pinch their profits…
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Wells Fargo Provides $360M For Carmel Partners’ Historic Hotel Redevelopment in DC
Carmel Partners has secured a $360 million construction loan for its planned redevelopment of the former Washington Marriott Wardman Park Hotel in Washington, D.C., according to papers filed with D.C’s Recorder of Deeds…
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The future of Maui's hotel industry after the wildfires
Here & Now's Deepa Fernandes talks with Kekoa McClellan, a spokesperson representing hotel industries in Maui about the future of the industry and how workers are faring after the deadly fires.
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