Investors watch the Waldorf, waiting for market signal
Five months reopened. Eight years of redevelopment. Over $4 billion invested. More than 1,000 hotel rooms gone. And the world-famous Waldorf Astoria New York is back on the market.
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Luxury hotel REIT Braemar up for sale
The luxury hotel REIT said it doesn’t believe it “can flourish in today’s market environment” and will begin the sales process immediately.
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Sabre sells hospitality business for $1.1 billion
Travel technology and distribution company Sabre Corporation has agreed to sell its hospitality solutions business to asset management company TPG for $1.1 billion.
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Hotel brands chase branded residences growth with mid-tier offerings
Branded residences have traditionally catered to affluent buyers seeking exclusivity and premium services. Though luxury has dominated the market so far, industry experts have long expected the democratization of this asset class. And now it seems…
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