Simon and David Reuben spent almost $2.5 billion on U.S. property acquisitions and financings, including office, retail and hotel assets.
Here are some guidelines on maximizing returns and minimizing risks when building your commercial real estate portfolio.
The borough’s hotel operators don’t expect business volume to exceed an average of 20 percent as shutdown warnings rise.
With vaccinations beginning, existing owners of struggling hotel properties are making a renewed effort to wait out the pandemic rather than sell for deep discounts.
More than 962 million hotel room nights have gone unsold through last week, up 46 percent from last year.
From Brooklyn to Minneapolis, turning are turning empty hotel suites into private dining rooms for small groups.
With distribution of working vaccines on the horizon, a recovery for the sector should take shape throughout 2021.
“We would definitely be interested,” MGM’s CEO James Stewart told investors on Monday.
Hotel owners and investors face a business landscape that has drastically changed this year.