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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.
Businesses and high-net worth individuals are ditching former coastal properties in favor of Austin where the tax incentives are too good to pass up, in an uptick since the start of COVID-19.
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.