Expect wider spreads and more competition in 2021.

Most metros had slight Q3 upticks in occupancy rates, room rates and RevPAR, and investors are seeking hotels with price reductions from pre-pandemic values, indicating the hotel industry is inching its way back.

While Houston is struggling, one landlord is still collecting rents in the market.

Refrigerated real estate investor Provender Partners has entered into a joint venture with an affiliate of Cerberus Capital Management, focusing on building cold storage processing facilities to bring vital supply chain solutions to market.