Minneapolis hotels will recover — Getting there won’t be easy
The COVID-19 pandemic has hit every sector of the commercial real estate industry. Few, though, have suffered like hospitality. Fortunately, a new report from CBRE…
Hospitality
Construction complete on Hyatt Place Chicago – Wicker Park hotel and rooftop bar
Construction has finished at Hyatt Place Chicago – Wicker Park, a 99-room hotel in Chicago’s lively Wicker Park neighborhood. The eight-story hotel, located at the…
Marcus & Millichap sells 38,000-square-foot hotel in Wisconsin
Marcus & Millichap closed the sale of Quality Inn & Suites East Troy, a 38,660-square-foot hospitality property in East Troy, Wisconsin. The asset sold for…
An impact nine times worse than 9/11? That’s what the hotel industry is facing
COVID-19 has thrown the commercial real estate industry into turmoil. But there's one sector that the virus devastated almost immediately, hotels.
Peak Construction Corporation begins work on Lockport Holiday Inn Express
Peak Construction Corporation has started construction on a Holiday Inn Express in Lockport, Illinois on behalf of Janko Group. Completion is expected in December 2020…
Hotel planned on site of $19 million Fulton Market land assemblage sale
@properties Commercial has completed the $19 million sale of a nearly 20,000-square-foot land assemblage in Chicago’s Fulton Market District. The buyers plan to redevelop the…
Columbus Hyatt Place offering reduced rates for healthcare workers
Columbus Hospitality Management announced today that Hyatt Place Columbus/OSU, a hotel located in Grandview Yard in Grandview Heights, Ohio, is offering discounted rates to healthcare…
Chicago developer acquires Motor Row site for possible future hotel
Fern Hill has acquired 2328 S. Michigan Avenue in Chicago’s Motor Row neighborhood. The developer reportedly purchased the asset from JRG Capital Partners for more…
COVID-19 and the hotel industry: Investors bracing for long recovery
Expect a long recovery period for hotels hit hard by the COVID-19 pandemic. Members of The Lodging Industry Investment Council -- a think tank representing…
Hilton’s first Tempo property will rise in Louisville
Hilton has started construction of its first Tempo by Hilton property, hosting a ground-breaking ceremony in Louisville, Kentucky’s trendy NuLu neighborhood.