STR, Hendersonville, Tenn., said the U.S. hotel sector had a record 215,000 rooms under construction in March, even as performance metrics continued to deteriorate.
Tag: Hotel
Dealmaker: George Smith Partners Arranges $40M for Hotel Property
George Smith Partners, Los Angeles, arranged $40 million in cash-out bridge financing for a 180-key Radisson RED hotel in Portland, Ore.
Wells Fargo: COVID-19 ‘Major Challenge’ to CRE
Wells Fargo Securities, Charlotte, N.C., said it expects real GDP to contract sharply in the second and third quarters due to the coronavirus pandemic, presenting a “major challenge” to commercial real estate.
Hotel RevPAR Forecast to Flatten
The hotel sector might see zero revenue per available room growth this year for the first time since 2009, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa.
Dealmaker: Sonnenblick-Eichner Arranges $35M for Hotel, Retail
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $35.2 million for lodging and retail assets in Washington, D.C. and California.
Hotels Post Record 2019 But See Lowest Growth Since Recession
The hotel sector saw record-breaking performance during 2019 but its lowest growth rate in revenue per available room since the current cycle began in 2010, reported STR, Hendersonville, Tenn.
Dealmaker: Cohen Financial Arranges $68M
Cohen Financial, Chicago, arranged $67.7 million for retail and hotel properties in several states.
Dealmaker: Barry Slatt Mortgage Secures $48M
Barry Slatt Mortgage Co., Los Angeles, secured $45.7 million for hotel and retail assets.
Dealmaker: JLL Secures $84M for Office, Hotel Assets
JLL, Chicago, arranged $84 million in financing for office and hotel properties in Colorado and California.
Hotel Pipeline Up 5.5% YoY
STR, Hendersonville, Tenn., said the U.S. hotel pipeline reached 205,000-plus rooms under construction in October, up 5.5 percent compared to a year ago.