Hotels

What was once a fertile and cheap source of financing for multifamily and hotel developers is largely absent. Learn the two primary reasons for the slowdown and some solutions in this <b>EXCLUSIVE</b> commentary on the subject.

Al Rayyan Tourism Investment Co. refinanced three high-end hotels for a total of $503 million.

The Summit, located just one block north of the existing Arch building in the heart of downtown, will double the footprint of the convention center when it opens for business in 2022.

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.

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.

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.

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.

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?