Urban hotel market to see renewed investor interest in 2024: JLL

Urban hotel market to see renewed investor interest in 2024: JLL

Properties in London, Tokyo and New York City will be among the hottest commodities next year. Source link Read more »
LA Law Creates New Hurdles for Hotel Developers

LA Law Creates New Hurdles for Hotel Developers

Hotel developers in Los Angeles must now replace homes demolished for hospitality suites. The City Council passed a law early last month requiring new hotel projects to replace displaced housing units on... Read more »
California Sees Hotel Supply Shortage, Lack of Openings in 2023

California Sees Hotel Supply Shortage, Lack of Openings in 2023

Last year wasn’t a walk in the park for California developers and the latest numbers show it. A biannual survey by brokerage firm Atlas Hospitality Group published this week indicated the hotel... Read more »
Hall Group Snags M Clean-Energy Financing for Hotel

Hall Group Snags $46M Clean-Energy Financing for Hotel

Hall Group has scored a $46 million clean-energy financing deal for its new Hyatt hotel in Palm Springs. The Dallas-based investor secured the Commercial Property Assessed Clean Energy debt for its Thompson... Read more »
Urban hotel market to see renewed investor interest in 2024: JLL

The Gramercy Park Hotel to reopen in 2025

Travel and hospitality August 28, 2023 Following a $50 million purchase, the building’s revitalization will entail nearly a complete interior rehaul. Image credit: MCR   By Luxury Daily News Service After closing... Read more »
Developer Sues “Friends” Over Derailed Coachella Hotel

Developer Sues “Friends” Over Derailed Coachella Hotel

For one developer, a lifetime of friendship did not preclude a legal mess.  Stuart Rubin has filed a countersuit against a group of business partners and lenders, including people he described as... Read more »
Relevant Group Sells Morrison Hotel Site at a Loss to AHF

Relevant Group Sells Morrison Hotel Site at a Loss to AHF

Relevant Group has sold the Morrison Hotel in Downtown Los Angeles — named after appearing on The Doors’ album cover of the same title — to AIDS Healthcare Foundation, The Real Deal... Read more »