Hotels

The City Council of Ashtabula unanimously approved a 10 year, 75% tax abatement for the 25,000-square-foot development.

Kevin Coleman has joined WCRE as EVP and chief sales officer. He comes from Keller Williams Commercial.

With retail evolving to be more experience-driven, retail owners are finding the benefits of adding boutique hotels to shopping centers.

Cassetti will focus on growing Colliers' operations and business throughout the region, while recruiting top talent and providing clients with the highest level of service.

Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.

“This is the 4th hotel Hunter sold for Rockwood in 2018," says Teague Hunter, Hunter's president. "Its institutional-quality portfolio and sophisticated business style allowed the deal to move seamlessly through closing.”

With strong economies, and a continued influx of both residents and businesses to Central Texas, the region has experienced increased hotel investments to the tune of one hotel per month sold there.

In this <b>EXCLUSIVE</b>, Steve Van of Prism Hotels &amp; Resorts says the earlier a hotel project is in the development cycle from land acquisition to stabilized hotel sale, the greater the risk it will be impacted by a recession.