Hotels

Real Estate Forum is searching for young professionals who have made a noticeable impact on the industry. The application deadline for nominations is fast approaching at July 17, 2019.

This week, WhyHotel announced plans to launch a new pop-up hotel in Houston, the company's first location outside of the East Coast, and will be launched in partnership with Camden Property Trust.

Designed by CallisonRTKL, phase one of the project includes a 14-story, Class A, state-of-the art office building totaling 291,129 square feet; 135 multi-housing units, 34 ground level/loft apartment units and 101,439 square feet of retail space.

Demand for short-term housing has grown so much, it has outpaced the availability.

The citizenM New York Bowery Hotel points to a future direction in the building industry—both up and modular.

The 132-room hotel is under contract to trade hands for $72.9 million, reflecting a 15.8x EBITDA multiple and a 5.7% net operating income cap rate.

Square Mile Capital provided the loan to the independent lifestyle hotel in Midtown South.

Daniel Peek comes joins the brokerage and investment banking firm from HFF where he headed the hospitality practice.