Hotels that convert from one brand to another generally see improved occupancy, revenue and profit, reported Cornell University, Ithaca, N.Y.
Category: News and Trends

Wells Fargo Securities: Fundamentals Remain Favorable
Commercial real estate operating fundamentals continue to look favorable, reported Wells Fargo Securities, Charlotte, N.C.

Apartment Rent Growth Pauses
Multifamily rents took a break from their long upward march in October and stayed level at $1,166, consistent with patterns of the past two years, reported Yardi Matrix, Englewood, Colo.

Charlotte, Orlando Lead Single-Family Rental Markets
Middle-market cities make up most of the top 10 markets where investors can affordably buy single-family rental properties, reported HomeUnion, Irvine, Calif.

Marriott, Starwood to Merge to Create Worlds Largest Hotel Company
Marriott International, Bethesda, Md., will purchase Starwood Hotels & Resorts Worldwide, Stamford, Conn., for $12.2 billion in a deal that should close in mid-2016, the two firms reported.

Wells Fargo Securities: Potential CRE Lending Risks
Despite low delinquencies, steady increases in bank commercial real estate lending is beginning to spark questions about whether CRE could repeat the 1980s, said Wells Fargo Securities, Charlotte, N.C.

Pew: Record Share of Young Women Still at Home
One key demographic group for future homeownership–young women–remain on the sidelines, said the Pew Research Center.

Freddie Mac: Most Renters Carry Debt Each Month; Down Payment on Home Not a Top Priority
Looking for that “tipping point” between renting and homeownership? A new Freddie Mac survey suggests we’re not there yet.

A Note to Readers
MBA Commercial/Multifamily NewsLink will not publish next Thursday, November 26, in observance of Thanksgiving.

Dodge: More C/MF Construction Starts Next Year
Total U.S. construction starts for 2016 could rise by 6 percent to $712 billion, following an estimated 13 percent gain in 2015, said Dodge Data & Analytics, Washington, D.C.