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Marriott International Announces 100th Property in Japan

Marriott International Announces 100th Property in Japan

by Phil Hall | Nov 18, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Marriott International Inc. (NASDAQ: MAR) announced the opening of its 100th property in Japan with the debut of the Four Points Flex by Sheraton Osaka Umeda. The new property also marks the first offering of the Four Points Flex by Sheraton brand in the Asia Pacific...
CBRE Forecasts Stronger Hotel Industry Performance in Q4

CBRE Forecasts Stronger Hotel Industry Performance in Q4

by Phil Hall | Nov 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A new forecast from CBRE (NYSE: CBRE) is predicting a greater vibrancy for the US hotel industry in the fourth quarter following a subdued third quarter. CBRE is predicting a 0.5% increase in revenue per available room (RevPAR) growth for 2024, down from the...
NYC’s Iconic Friars Club Going to Foreclosure Auction

NYC’s Iconic Friars Club Going to Foreclosure Auction

by Phil Hall | Nov 13, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The New York City townhouse that has been the home of the Friars Club, a legendary private club for the entertainment industry elite, is scheduled to go a foreclosure auction on Nov. 26. The New York Post reported the five-story, 14,541-square-foot, English...
UK’s Curzon Cinema Chain Sold in Foreclosure Auction

UK’s Curzon Cinema Chain Sold in Foreclosure Auction

by Phil Hall | Nov 12, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Fortress Investment Group LLC, a global investment manager, has acquired the UK’s Curzon cinema chain. The company operates 16 cinemas and 46 total screens, along with the film distributor Curzon Film and the Curzon Home Cinema streaming service. The financial terms...
Furniture Retailer American Freight to Shut Down All 328 Stores

Furniture Retailer American Freight to Shut Down All 328 Stores

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The furniture chain American Freight is the latest retailer to shut down its operations, with the closing of all 328 stores across 41 states. The store closings are part of Chapter 11 bankruptcy proceedings by Franchise Group Inc., its parent company. Franchise...
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