"This purchase is a steppingstone in our commitment to this market. We want to be at the forefront of Boca's resurgence, and to a greater extent, Palm Beach County. We are excited for the future," said a Grover Corlew partner.

Lenders are providing capital in many forms for hotel owners, whether it is equity to purchase properties or creative debt structures to ensure liquidity and carry interest until stabilization.

Companies are creating new strategies to attract and retain talent after a year out of the office.