Hall Structured Finance, Dallas, originated a $16.6 million first lien construction loan for the development of a Hyatt Place hotel in Jackson, Tenn.
Tag: Hotel Sector
CBRE Again Raises Forecast for 2023 Hotel Performance
CBRE, Dallas, raised its hotel performance outlook for this year once again, improving its forecast for revenue per available room to $97.89, up 6% year-over-year, and an increase of 43 cents from its previous forecast.
U.S. Hotel Construction Pipeline Increases in All Project Stages
Lodging Econometrics, Portsmouth, N.H., reported the U.S. hotel construction pipeline increases in all project stages compared to a year ago.
STR: Hotel Pipeline Shows Confidence in Business Travel
Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.
KBRA: Lodging Loan Performance Clouded by Upper-Upscale Chains
U.S. hotels have performed well overall since the pandemic, but upscale properties report higher commercial mortgage-backed securities delinquencies than more modest hotels, reported KBRA, New York.
STR: Labor, Energy Costs Top Hospitality Industry Challenges
Labor-related issues and energy costs rank highest among the challenges facing the hotel sector, reported STR, Hendersonville, Tenn.
2023 Hotel Forecast Gets an Upgrade; Dip in 2024 Outlook
STR and Tourism Economics, Henderson, Tenn., made a modest upgrade to their 2023 U.S. hotel forecast, while making a downward adjustment for 2024.
Hotel Analysts Lower Occupancy Forecast, Maintain Revenue Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
Hotel Cap Rates Increase
U.S. Realty Consultants LLC, Columbus, Ohio, reported hotel capitalization rates generally increased compared to six months ago.
Hotel Construction Pipeline Continues to Shrink
U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.