Hospitality

Disappearing business travelers? It adds up to another rough year for hotel industry

The COVID-19 pandemic continues to batter the hotel industry. The biggest challenge now? Even though people are again taking road trips and traveling for leisure,…

Bunkhouse unveiling new hotel project for Nulu neighborhood of Louisville

Bunkhouse, an Austin, Texas-based hospitality company, is launching a new hotel project in Louisville, scheduled to open in May of 2023. This will be the…

Lowe Joint Venture acquires three hotels in The Woodlands from Howard Hughes Corporation

A joint venture between Lowe and an institutional investor announced today its acquisition from The Howard Hughes Corporation® (NYSE: HHC) of three hospitality assets located in…

Pullman National Monument visitor center is ‘just the start’ to site development and investment

After standing idle over the Pullman community for decades, the former Pullman Company’s Clock Tower & Administration Building is ready to begin its new life…

Drever Atelier Partners to turn Branson hotel into 324 affordable apartment units

With workforce apartments desperately needed, Drever Atelier Partners has purchased Angel Inn –by the Strip - a broken hotel at 76 Country Blvd in Branson,…

CBRE closes sale of 257-room hotel portfolio in Northwest Indiana

CBRE has arranged the sale of a 257-room, select-service Marriott hotel portfolio in Hammond, Indiana. Located along I-80/94 at the Kennedy Avenue interchange and just…

A robust CRE market will take more than a strong industrial recovery

The pandemic is not the first global event that has sent the CRE market spiraling, nor will it be the last. The simple lesson is…

Arriba Capital closes $18.5 million construction loan for new hotel in Nashville

Arriba Capital recently closed an $18.5 million ground-up conventional construction loan for a Hyatt Place hotel in an affluent suburb of Nashville, Tennessee. In addition…

Historic Drake Hotel in Chicago goes up for sale

JLL announced today that it has been retained to market for sale the iconic Drake Hotel in Downtown Chicago, Illinois, which offers a once-in-a-generation opportunity…

Flynn Properties acquires 20 select-service hotels

Flynn Properties Inc. in a joint venture with Värde Partners has acquired 20 select-service hotels in a $211 million deal with Apple Hospitality REIT. The deal…

Hospitality

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