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Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer

Wyndham Rejects Choice Hotels’ $7.8 Billion Takeover Offer

by Phil Hall | Oct 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Choice Hotels International Inc. (NYSE: CHH) has put forth an offer to acquire all the outstanding shares of Wyndham Hotels & Resorts Inc. (NYSE: WH) at a price of $90.00 per share, payable in a mix of cash and stock and totaling $7.8 billion. However, Wyndham...
Most Americans Would Buy a Haunted House Just to Save Money

Most Americans Would Buy a Haunted House Just to Save Money

by Phil Hall | Oct 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than half of Americans would be open to buying a haunted house and nearly three quarters of them would be willing if they could save money on the deal, according to a Halloween season-timed survey coordinated by Clever Real Estate. Most Americans (62%) would only...
2024 Homebuying Trends: Pickleball Courts Are In, Tuscan Kitchens Are Out

2024 Homebuying Trends: Pickleball Courts Are In, Tuscan Kitchens Are Out

by Phil Hall | Oct 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuyers of 2024 are more interested in acquiring residential properties with sensory gardens and pickleball courts but not Tuscan kitchens, according to a new forecast from Zillow Group (NASDAQ:Z, ZG). In a data analysis of nearly 300 home features and design...
Study: Sunbelt States Have Higher Household Debt Than Midwest States

Study: Sunbelt States Have Higher Household Debt Than Midwest States

by Phil Hall | Oct 17, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Sunbelt states that saw rising populations during the pandemic are now grappling with surging household debt while their Midwest neighbors are handling debt significantly better, according to the newly published “The U.S. States Most Impacted By Household Debt...
California City Repurposes Hotel into Multifamily Complex for Homeless Residents

California City Repurposes Hotel into Multifamily Complex for Homeless Residents

by Phil Hall | Oct 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Los Angeles County has teamed with the Weingart Center Association to repurpose a hotel in the City of Baldwin Park hotel into a multifamily development with 107 studio apartments for people experiencing or at risk of homelessness. This project is being financed with...
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