CoStar World News for March 27Tourism boosts Poland’s hotel investment; UK property industry eyes opportunities in government spending plans; French housing developer sees 2027 rebound
Hotels anchor Phuket’s move to global luxury and lifestyle destinationPhuket has long been a popular vacation spot, but the Thai beach location is steadily morphing into a world-class destination attracting luxury brands and offerings. Further infrastructure projects will only fuel its rise.
Wall Street investors not quite ready to return to US hotel dealsWhile high costs and general uncertainty are keeping private equity investors such as Blackstone and Brookfield out of outsize U.S. hotel investing for now, executives are confident that still-strong and resilient hotel operating performance will kick-start major transactions soon.
Hoteliers enjoy the benefits of Miami Beach's calmer spring breakHotel executives said the city of Miami Beach's efforts to calm the spring break crowd have been working, giving people consistent rules and expectations, and a calmer crowd is drawing in more families and corporate demand.
Kuwait’s Action and Malta’s Corinthia acquire two hotels in Beverly HillsTwo hotels in Beverly Hills, the Maison and the Mosaic, have been acquired by a new partnership comprising Kuwait’s Action Real Estate and Malta’s Corinthia Hotels. The deal sees Action entering the U.S. for the first time, Corinthia for the second.
Hotel owners, operators want brands to focus on investments that create returnsDuring a meeting of the Lodging Industry Investment Council, hotel ownership and management company executives spoke about how they want brands to focus renovation requirements on projects that create a return for owners and invest in technology that drives guest engagement.
U.S. hoteliers say summer demand is pacing similar to 2024 for now, but there are some concerns over shorter booking windows as well as uncertainty regarding international inbound and government travel.
U.S. hoteliers say summer demand is pacing similar to 2024 for now, but there are some concerns over shorter booking windows as well as uncertainty regarding international inbound and government travel.
Hotel owners and brand companies are struggling to find common ground amid a tough labor market, a growing amount of hotel brands and evolving economic conditions.
Hotel owners and brand companies are struggling to find common ground amid a tough labor market, a growing amount of hotel brands and evolving economic conditions.