Hotels

The portfolio spans across 10 states and 4,203 rooms.

While costs are increasing, loyalty programs are still effective at ensuring steady room demand.

Groundbreaking appears that it will begin soon.

Lender takes keys for downtown Marriott in deed in lieu of foreclosure.

Meanwhile, hotels are also seeing geopolitical tensions impact international travel.

Luxury travel is projected to grow at a CAGR of 7.4% from 2024 to 2035.

A spokesperson expects a deal to close in April after the loan hit special servicing last month.

It includes two brands, which will offer a mix of residential, hotel, and retail space.