Hotel Stock Index Gains, but at a Slower Pace
Brands, REITs Underperform Benchmarks
Hotel company stock values continue to grow on average, but the pace has slowed as persistently higher interest rates cast a shadow over real estate stocks in general.
5 Things To Know for March 28
Today's Headlines: Owners of CitizenM Hotel Brand Explore Options; Disney Mining Closed 'Star Wars' Hotel for Parts; Door Lock Hack Raises Questions for Hoteliers; Weekly US Hotel Performance Up Versus Last Year; 'DIY Room Service' On the Rise at Hotels
Editor's Note: Some linked articles may be behind subscription paywalls.
Warehouse in Suburb of Des Moines Attracts NYC Buyer
Sale/Acquisition of the Year for Des Moines
A warehouse built during the pandemic in the Des Moines suburb of Ankeny, Iowa, was sold to a family real estate investment firm based in New York City for $21 million in a deal se...
National Retailer Academy Sports & Outdoors Moves Into Shoppes at St. Lucie West in South Florida
Commercial Development of the Year for Port St. Lucie/Fort Pierce
National retailer Academy Sports & Outdoors leased a newly developed 63,224-square-foot property in the flourishing Shoppes at St. Lucie West, a shopping center on 200,000 square f...
Tavalo Tradition Expands Family Housing Options in South Florida Planned Community
Multifamily Development of the Year for Port St. Lucie/Fort Pierce
New York-based real estate investment firm GTIS Partners secured $37.5 million in financing to acquire and develop the multifamily residential development Tavalo Tradition in Port ...
Tesla Leases Former Supermarket for Showroom, Service Center
Lease of the Year for Providence
A shuttered former supermarket in Providence, Rhode Island, is getting a new lease on life with electric vehicle manufacturer Tesla moving in.
Lloyd Companies Branches Out to Iowa With Development of the Pitch Apartment Complex
Multifamily Development of the Year for Des Moines
Sioux Falls, South Dakota-based real estate development firm Lloyd Companies launched Lloyd Residential Property Management last year, and one of its first projects was The Pitch, ...
Beer Distributor Doubles Pittsburgh Presence With Warehouse Development
Commercial Development of the Year for Pittsburgh
Pittsburgh's most dominant beer distributor, Frank B. Fuhrer Wholesale Co., partnered with ARCO Beverage Group to develop a 350,439-square-foot warehouse that will employ more than...
Century-Old Medical Facility Refitted for Nonprofit Serving Autism Community
Lease of the Year for Pittsburgh
The redevelopment of a medical facility built in 1924 in Western Pennsylvania faced several hurdles architecturally and logistically, but the efforts paid off with a long-term tena...
New York Developer GoodHomes Buys Rhode Island Hotel for Workforce Housing Conversion
Sale/Acquisition of the Year for Providence
A 207-room hotel in Warwick, Rhode Island, is being converted to serve a need for workforce housing.
ITA Group Leases Building Redeveloped With Return-to-Office Needs in Mind
Lease of the Year for Des Moines
Business consulting firm ITA Group signed a lease for more than 150,000 square feet of office space that is being redeveloped to meet the return-to-office needs of its workforce.
TAMCO's $39.2 Million Headquarters Secures, Adds Jobs in South Florida
Sale/Acquisition of the Year for Port St. Lucie/Fort Pierce
Lighting and electrical supply manufacturer and retailer TAMCO's consolidation of operations into a new headquarters facility in Port St. Lucie, Florida, retained 210 jobs and crea...
Urban Industrial Property Sale in Pittsburgh Sets New Price Benchmark
Sale/Acquisition of the Year for Pittsburgh
An urban, light-distribution industrial property in North Pittsburgh sold for $3.55 million, or $110.94 per square foot, setting a new pricing benchmark and signaling strength in t...
Town & Country Industries Christens Warehouse on Florida’s Treasure Coast
Lease of the Year for Port St. Lucie/Fort Pierce
Business materials supplier Town & Country Industries was the first tenant to sign on at Interstate Commerce Center in Fort Pierce, Florida, anchoring a Class A distribution wareho...
Young Women in Hospitality Stress Importance of Building, Being Part of a Community
Hotel Broker, Owner Discuss Challenges, Triumphs of Their Careers on Podcast
As young women starting out in the hospitality industry, Rachel Vandenberg and Ntxhi Song didn't always feel they were part of a community of professionals with like minds and expe...
5 Things To Know for March 15
Today's Headlines: US Hotels Gear Up for Total Eclipse; Plans Unveiled for Casino Resort in NYC's Hudson Yards; 'The Caitlin Clark Effect' Drives Minneapolis Hotel Bookings; T2 Hospitality Gets $103 Million To Recapitalize Two Silicon Valley Hotels; Bankrupt Brooklyn Hotel Development Rescued in Sale
Editor's Note: Some linked articles may be behind subscription paywalls.
Hotel Stocks Pick Up Growth Momentum
Index's Year-Over-Year Gain in February Nearly Doubles January Improvement
Executives at hotel-focused real estate investment trusts signaled this earnings season that they are confident the hotel transactions market will ramp up in 2024. Investors seem t...
5 Things To Know for March 6
Today's Headlines: Rogers Resigns as President of AHLA; Short-Term Rental Operator Forces Illinois Village To Redefine 'Hotel'; Hotel REITs Poised for More Robust Transactions Year; Hotels Taking Sleep Tourism to Next Level; Singapore Hotel To Pay Guests if Rain Disrupts Experience
Editor's Note: Some linked articles may be behind subscription paywalls.
Young Black Hotel Leaders Have an Ownership Mindset
HBCU Educator Says Many Students Already Have a Foot on the Corporate Hotel Ladder
The emerging and future Black leaders in the hospitality industry have an ownership, investment and corporate mindset, according to one of the most influential educators in hospita...
Black Hotel History Still Being Written
Hotel Industry Veteran's Upcoming Book Features Black Hotel Icons Dating Back to 1700s
Nearly 30 years ago, Calvin Stovall gave up on his plan to be an architect when a friend convinced him his personality is too big to be contained behind a desk.