Hospitality

April 12, 2024

Ashford Hospitality Trust Closes Sale of Hilton Boston Back Bay

"We are pleased to announce the closing of the sale of the Hilton Boston Back Bay for a very attractive value and the significant progress we've made in paying down our strategic financing," commented Rob Hays, Ashford Trust's President and Chief Executive Officer.

December 14, 2023

Capital Square and Method Co. Mark Construction Milestone with Topping Out of Luxury Boutique Hotel in Charleston Opportunity Zone

Capital Square Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, and Method Co., a real estate development, design and management company, announced today the topping out of their new project, a 50-unit, luxury boutique hotel in historic downtown Charleston. The as-yet-unnamed…

December 7, 2023

Retail and Hotel Performance Quietly Gaining Momentum

“Now that a lot of the vacant retail space has been upgraded to new mixed-use centers or converted to other uses like warehouse or storage, the overall sector metrics have improved notably."

November 13, 2023

Ashford Hospitality Trust Hopes To Hand Back Keys to 19 Hotels in Its Portfolio by Year’s End

The Dallas-based REIT has been working for months to hand back the keys of 19 hotels tied to three loans that matured in June in which the trust opted not to pay the $255 million required to extend those loans.

September 28, 2023

Navigating the Retail Financing Landscape: Peachtree Group’s CEO Weighs In

...Peachtree has recently expanded its investment strategy to other asset classes, transitioning from Peachtree Hotel Group to Peachtree Group.

September 6, 2023

US Hotel Metrics Drop in Week Ended August 26

US hotel performance weakened during the week ended August 26, matching historical seasonal patterns, STR reported, citing the latest data from CoStar, which provides information and analytics in the property markets.

August 30, 2023

Realty Income to invest about $950 million in Bellagio Las Vegas

Realty Income (O.N) signed an agreement with Blackstone's real estate investing firm to invest about $950 million in the Bellagio Las Vegas resort, valuing the assets at $5.1 billion, the companies said on Friday...

August 28, 2023

US Hotel Metrics Edge Lower in Week Ended August 12

US hotel performance declined during the week ended Aug. 12, STR reported, citing the latest data from CoStar, which provides information and analytics in the property markets...

August 9, 2023

US Hotel Occupancy, RevPAR Tick Down in Week Ended July 29

US hotel performance showed mixed results during the week ended July 29, STR reported, citing the latest data from CoStar, which provides information and analytics in the property markets. Occupancy slightly dropped to 72.2% from 72.9% a week earlier and was up 0.6% from the comparable week in 2022.