Hotels

News

Hotel Demand Remains Strong for North Harris Co.

Lisa Brown | August 15, 2018

With the HP campus and ABS headquarters nearing completion in October, Springwoods Village is becoming a major employment center in north Harris County, stimulating new hotel submarket activity.

Hotel Investor Looks to Expand West Portfolio

Lisa Brown | August 13, 2018

The Dow Hotel Company plans to further expand its portfolio of hotels in markets with barriers to new entry and demand drivers such as in Seattle at a time when dozens of new hotels have opened in the past few years.

New Record For $109M Hotel Sale In Key West

David Wilkening | August 08, 2018

Brokers represent both sides in historic lodging deal.

Commentary

Q2 US Lodging Market Update

Daniel Lesser | August 06, 2018

Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels.

Hotel Perspectives: Lodging’s Sky-High Cycle

Natalie Dolce | August 05, 2018

The sector is riding high on strong fundamentals and rich deal flow. But the competitive market is also driving owners to find ways to distinguish their properties.

News

Private Investors Fuel Bidding for Hotels

Lisa Brown | August 03, 2018

With many markets and submarkets now entering a seventh, eighth or ninth year of RevPAR gains, the overriding question is how much farther can a particular market continue to advance without flattening?

News

Chatham Sees Improved Market Conditions Across Portfolio

John Jordan | August 03, 2018

Among the best performing markets in the hotelier’s portfolio was the State of Florida where its hotel properties’ RevPAR increased 10.2%.

News

Verizon Signs Major Lease Deal at Hub at Causeway Project

John Jordan | August 01, 2018

Under the agreement with an affiliate of Verizon, the telecommunications firm will lease approximately 70% of the planned 627,000-square-foot Class A office tower at 100 Causeway St. for a 20-year term.

News

Is Beefed-Up Security Counter or Compulsory?

Lisa Brown | August 01, 2018

The shooting at YouTube occurred as Silicon Valley is pushing to make offices more accessible but is more security counter-intuitive to a collaborative environment or a necessary measure to protect employees?

News

Houston Attracts More Convention Business

Lisa Brown | July 31, 2018

In this EXCLUSIVE, Robert Wiemer Jr., senior managing director of The Plasencia Group, shares insights into hotel developments, visitor volume, hottest areas and a lesser focus on the oil industry.

News

Hotels Continue to Push Profits

Lisa Brown | July 31, 2018

Ameswell Mountain View is a fully entitled mixed-use project comprising a 255-room independent hotel and a 216,700-square-foot class-A LEED-Platinum office building currently under development.

Armada Hoffler Plans New $117M Project For Baltimore’s Inner Harbor

Erika Morphy | July 30, 2018

Wills Wharf will comprise over 325,000 square feet of class A office, retail, and hotel space.

News

Expect the Unexpected with Building Systems

Lisa Brown | July 30, 2018

In this EXCLUSIVE, GlobeSt.com learns that tracking systems allow building owners to record the type, age and condition of building equipment and the best remediation course of action.

News

JV to Target Select Service and Extended-Stay Hotels

Lisa Brown | July 27, 2018

A newly formed JV will focus primarily on the branded, premium select service and extended-stay segments of the hotel space in primary and secondary markets which demonstrate positive demand factors.

Berkadia Anchors West Coast Hotel Business in L.A.

Kelsi Maree Borland | July 27, 2018

Berkadia’s Hotels & Hospitality group opens its first West Coast office in Los Angeles because it is one of the top five US markets on investor radar.

MCR Picks Up SpringHill Suites Fairfax Fair Oaks

Adele Carter | July 25, 2018

The 140-room hotel received a $1.4 million renovation last year.

Wheelock Street Capital Buys Hyatt Regency Dulles

Erika Morphy | July 24, 2018

The company has secured a $40 million acquisition loan arranged by HFF.

News

Construction Begins on Gables Station Development

John Jordan | July 23, 2018

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

Thought Leadership

Diversification Means “All In” on the Rising Economy

Brian J. Rogal | July 23, 2018

For HALL Structured Finance, a diverse portfolio of assets and locations lets the company stay ahead of the rush.

Brick-and-Mortar Retail Can Thrive In the Internet Age

Brian J. Rogal | July 20, 2018

Landlords and investors just need to perform more due diligence when leasing and buying properties in the age of e-commerce.

Pebblebrook Points Out LaSalle Hasn’t Set Date Yet

Erika Morphy | July 20, 2018

Separately, GGP’s proposed acquisition by Brookfield Property appears to be heading to the finish line.

CityPlace Vision is for an 18-Hour Destination

Lisa Brown | July 19, 2018

CityPlace is a 60-acre mixed-use development that, when fully developed, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and multifamily.

Prop 65 Means Re-evaluating Existing Signage

Lisa Brown | July 18, 2018

In the second of a two-part EXCLUSIVE, John Allen and Vaneeta Chintamaneni of Allen Matkins discuss how amendments modify the safe harbor content and delivery methods for all Prop 65 warnings.

Sovereign Wealth Funds Show Signs Of Real Estate Fatigue

Erika Morphy | July 17, 2018

Direct real estate and infrastructure investments made by SWFs declined from a total of $25 billion in 2016 to $23.2 billion last year.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 13, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

News

Metro 1 Seeks JV Partner for $100M Project at Wynwood Gateway Site

John Jordan | July 13, 2018

Tony Cho, CEO of Metro 1, says his firm is seeking a hospitality partner to co-develop the one-acre site located at the intersection of Northwest 2nd Avenue and 29th Street. The conceptual plan calls for the development of hospitality, office, retail and possibly residential space.

Warfield Plans Mixed-Use Project At Sykesville

Erika Morphy | July 12, 2018

The company has acquired the 91-acre mixed-use development that is has rebranded Warfield at Historic Sykesville.

Robust Plan Sets Out to Expand Downtown

Lisa Brown | July 10, 2018

The city council approved a transportation master plan including $415 million of projects, with the city’s half-cent sales tax levy for transportation paying for $125 million of that total, along with other downtown projects.

News

Pebblebrook Urges LaSalle Shareholders To Vote Against Blackstone Deal

Erika Morphy | July 10, 2018

LaSalle informed regulators that Pebblebrook bought its stock after it was provided with material nonpublic information.

News

Plaza Hotel Sold for $600 Million

Betsy Kim | July 05, 2018

Qatar state-owned, Katara Hospitality purchased 100% of the ownership in the iconic, New York destination.

Riviera Point Secures Funding to Finish Hotel Near Airport

John Jordan | July 03, 2018

In addition to the Centennial Bank construction loan, Riviera Point has raised close to $6.5 million in private equity and $11.5 million in EB-5 funds for the construction of the Radisson RED.

Energy Sector Bounces Back, Hotels Follow

Lisa Brown | July 02, 2018

There is a high level of interest in Houston, having recovered from the 2014 downswing, and its strength reflects resurgent domestic energy demand, along with a more diversified economy in recent years.

Apple REIT Acquires Hampton Inn on Perimeter

Steve Lubetkin | July 02, 2018

The hotel benefits from the area’s wide variety of corporate demand generators, dining and shopping options, says Apple Hospitality REIT's Nelson Knight, executive vice president and chief investment officer.

CityPlace Becomes New Urban Center in North Houston

Lisa Brown | June 27, 2018

When fully developed, the 60-acre mixed-use development, CityPlace, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott and additional multifamily.

News

Ashford Hospitality Trust Buys Old Town Hotel For $111M

Erika Morphy | June 27, 2018

The REIT used a new funding program that its asset manager Ashford Inc. launched to make acquisitions easier and more profitable.

News

Ashford Launches Novel Funding Program For Acquisitions

Erika Morphy | June 26, 2018

The company is making $50 million available to Ashford Hospitality Trust that can support up to $500 million in acquisitions.

Soft Miami Condo Market Has Developer Eyeing Opportunity in Boca

John Jordan | June 26, 2018

Key International and Ingtegra acquired the 3.2-acre property at 725 S. Ocean Blvd. last summer from an affiliate of Blackstone. The Key International executive says he hopes to begin construction on the $85-million, four-story project by the end of 2019.

Are Golf Courses a Potential Gold Mine for Housing Development?

Kelsi Maree Borland | June 25, 2018

California is experiencing an extreme housing shortage, but golf courses may be one way developers can get affordable land for new construction.

Port Aransas Welcomes Back Tourists

Lisa Brown | June 21, 2018

Mustang Island’s beaches are back in shape, while its hotels, restaurants and vacation communities continue to reopen with major upgrades, expansions and improvements since Hurricane Harvey’s wrath.

Hilton Fort Lauderdale Marina Trades for Nearly $171M

John Jordan | June 21, 2018

With its purchase, Brookfield adds to its hospitality portfolio in South Florida. Brookfield affiliate Thayer Lodging Group acquired the 1,000-room beachfront convention center hotel the Diplomat Resort & Spa in Hollywood, FL in 2014.

Hotel Owners Choose Refinancing Over Selling

Kelsi Maree Borland | June 21, 2018

Hotel pricing is not meeting the expectation of owners, and it is fueling more demand for refinance capital.

How to Get Ahead of the R-22 Replacement Game

Lisa Brown | June 21, 2018

In the second of a two part EXCLUSIVE, Capuciati tells GlobeSt.com how TdX 20 is a viable replacement for R-22, how it can be used in newer infrastructure and the next steps in the industry.

Phase-Down of R-22 is Nearly Complete

Lisa Brown | June 20, 2018

In this EXCLUSIVE, GlobeSt.com learns more about the cessation of R-22 after 2019 from Peter Capuciati, executive chairman of the board of Bluon, which also includes advisor/investor Leonardo DiCaprio.

Where Investors Are Getting Double-Digit Yields

Kelsi Maree Borland | June 20, 2018

Investors are securing 13% cap rates in the golf course space, but it takes a savvy investor to take on a golf course.

Cooper Carry Design Firm Completes Barnsley Resort in North Georgia

Steve Lubetkin | June 19, 2018

The Inn at Barnsley Resort is now the largest building located on the 3,000-acre property and serves as the central arrival point for the resort.

News

LaSalle Rejects Pebblebrook’s Latest Offer

Erika Morphy | June 18, 2018

LaSalle says that one reason it is rejecting Pebblebrook’s offer is because there are significant price risks and uncertainties for LaSalle shareholders.

Surging Milwaukee Brings in New Hotels

Brian J. Rogal | June 18, 2018

The city's downtown is surging, creating demand for several new hotels.

Why Hotel Property Managers Are in High Demand

Kelsi Maree Borland | June 15, 2018

Hotel activity is continuing to outpace new supply, and owners are looking to quality property management teams. We sat down with RAR Hospitality for an EXCLUSIVE interview to find out more.

Research

Office Projects Make Up More Than Half of All NYC Commercial Construction

John Jordan | June 14, 2018

Commercial construction totaled $23.8 billion between 2013 and 2017, yielding a total of more than 73 million new square feet of space. The last three years showed the strongest growth, with each year topping $5 billion and 16 million square feet of new commercial construction.

Strong Demand Causes CBRE to Revise Hotel Forecasts

John Jordan | June 13, 2018

New York City’s hotel occupancy rate reached 86.6% in 2017 and is projected to hit 86.6% in 2018, far exceeding the national average of 61.6%.