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.
hospitality
Leasing, sales duties go to CBRE for 100-acre mixed-use development in Minneapolis market
CBRE recently landed the exclusive commercial sales and leasing assignments for Minnesota Health Village, a 100-acre, mixed-use development in Maple Grove, Minnesota. The property is…
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…
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.
JLL Capital Markets closes $12 million refinancing for Minneapolis hotel
JLL Capital Markets has arranged a $12.3 million refinancing for Moxy Minneapolis Uptown, a 125-room Marriott-branded boutique hotel in the Uptown submarket of Minneapolis.
Wisconsin’s NAI Pfefferle names three new shareholders
Appleton, Wisconsin-based NAI Pfefferle recently named three new shareholders.
CBRE arranges sale of 72-room Baymont Inn & Suites in Galesburg, Illinois
CBRE recently represented Auburn Classic Hotel Group, LLC in the sale of Baymont Inn & Suites, a 72-room hotel in Galesburg, Illinois, to Pat Patel.…
CBRE sells Hampton Inn in downtown Indianapolis
CBRE closed the sale of the 180-room downtown Indianapolis Hampton Inn. Peachtree Hotel Group acquired the property from 105 S. Meridian Inc. A purchase price…
Hilton Garden Inn Kansas City wraps major renovation
The Hilton Garden Inn Kansas City Kansas recently completed a multi-million-dollar hotel transformation project, a project that includes refreshed guestrooms, lobby, meeting space, restaurant, fitness…