Commercial Real Estate
New Theme Park to Focus on Count Dracula
An opening date has not been set, but organizers expect it to be ready either later this year or in early 2027. Continue Reading New Theme Park to Focus on Count Dracula
Hilton Drops Minneapolis-Area Franchise Accused of Barring ICE Agents
“Hilton is – and always has been – a welcoming place for all,” said the company in a statement. Continue Reading Hilton Drops Minneapolis-Area Franchise Accused of Barring ICE Agents
CMBS Delinquency Rate Rises to Nearly 6%
Last month’s spike was primarily fueled entirely by the office sector. Continue Reading CMBS Delinquency Rate Rises to Nearly 6%
Wendy’s to Close 140 Restaurants
The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
Real Estate Developer Westcliff Acquires New Brunswick’s Largest Shopping Center
Located on a 60-acre site, the 784,372-square-foot Champlain Place hosts over 150 stores. Continue Reading Real Estate Developer Westcliff Acquires New Brunswick’s Largest Shopping Center
Historic San Jose Hotel Sells for $11 Million, Nearly 44% Below its Last Transfer
The hotel last changed hands in 2014 when it was acquired by an affiliate of Lowe’s Enterprises for $20.4 million. Continue Reading Historic San Jose Hotel Sells for $11 Million, Nearly 44% Below its Last Transfer
Hyatt in Joint Venture with Spain’s Grupo Piñero
Hyatt plans to appoint Bahia Principe CEO Julio Pérez as the chief executive to lead the management company. Continue Reading Hyatt in Joint Venture with Spain’s Grupo Piñero
Wyndham Teams with Reside on Extended-Stay Hotels
The partnership marks the debut of its Wyndham Residence tier in the US. Continue Reading Wyndham Teams with Reside on Extended-Stay Hotels
Hits and Misses for the Real Estate Week of Oct. 21-25
In the spotlight: The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. Continue Reading Hits and Misses for the Real Estate Week of Oct. 21-25
NYC Passes New Law Requiring Licenses for Hotel Operators
The new law also calls for direct employment of hotel workers, with exemptions for small hotels with fewer than 100 rooms. Continue Reading NYC Passes New Law Requiring Licenses for Hotel Operators
San Francisco’s Biggest Mall Going to Foreclosure Auction
Mayor London Breed proposed turning the property into a soccer stadium. Continue Reading San Francisco’s Biggest Mall Going to Foreclosure Auction
New Partnership to Build Sustainable Boutique Hotels in North America
The companies said they have planned projects in major markets including Chicago, San Francisco, New York City, and Calgary. Continue Reading New Partnership to Build Sustainable Boutique Hotels in North America
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