Hotels

NAP describes the project as “a national example of next-generation, mixed-use development, placing 'heart share over market share' in creating New Jersey's next hometown.”

With 84 million millennials and 78 million Baby Boomers, hotels have ramped up brands and concepts geared specifically to the younger set, and Hilton and Marriott brands are some of millennial favorites.

The planned IPO for Aspen REIT, backed by the St. Regis Aspen Resort, will provide individual investors with “liquidity optionality for a single-asset investment,” says CEO Stephane De Baets.

Robotics, consolidation and personalization will improve service, help with customer-relationship management and allow for targeted segmentation toward each cohort of hotel guest, RAR's Bob Rauch tells GlobeSt.com.

However, Marcus & Millichap sees potential headwinds in the form of a growing construction pipeline in many regions, including Texas and California.

Lodging Conference panelists said hurricanes will escalate prices and there is already an inordinate amount of hotel supply in Houston; also money is cheap, but some are waiting until the political uncertainty passes.

Projects need a wow factor in mix of uses with the right blend of tenants that will bring customers in and programming to entice them to stay longer, along with design, location and amenities.

CMBS 1.0 transactions now have a delinquency rate of more than 43%; however, Fitch Ratings says these pre-2009 deals represent an increasingly small slice of the pie.