Hotels

Downtown project would rise over fire station near Transamerica Pyramid.

The building was transformed from an office space.

The 234-room hotel comes with 25 suites.

Handed back to lender, value of Hilton, Parc 55 has dropped by $1B.

Growth was fueled by corporate transient, group, and inbound foreign travel.

Mixed-use complex approved for former site of largest U.S. flea market.

Due diligence practices are adjusting rapidly as investors examine their target acquisition through modern lenses that affect the way asset information is collected and used, as well as new key KPIs related to long-term asset performance.

With growth in the hotel sector projected to be modest over the remainder of 2024, those who do invest in hospitality must be vigilant about expenses and maximize value—starting immediately upon acquisition.