Delinquencies have spiked quickly on hotel properties, but we are still a few months away from a wave of distressed deals hitting the market.
The 399-room property, located in East Midtown and owned by TRT Holdings, will close its doors for good.
Some hotels are investing in cutting-edge cleaning technology; others are following simpler government guidelines.
What changes have commercial establishments instituted so far to prevent the spread of infection as states reopen?
CRE investors are looking for both assets that have been hard-hit by the pandemic, as well as more stable properties.
For many hotel executives, doing the dirty work now is equipping them to become better leaders later.
A new report from Reonomy looks at where property valuations might dip the most.
Airbnb saw more nights booked for U.S. listings between May 17 and June 3 than the same period in 2019.
The disruption from the pandemic and the subsequent liquidity pullback have spelled the end for a number of planned acquisitions.
With tourism imploding and lenders wary, some hotels under construction are no longer worth completing.