CBRE (NYSE:CBRE) is forecasting the lodging industry will record a growth in revenue per available room (RevPAR) during 2024 as inbound international travel further improves and sector-specific headwinds moderate. The company’s 3% RevPAR growth forecast for 2024 is...
Parks Hospitality Holdings (PHH), a hospitality developer and hotel owner, has acquired the historic Boston Park Plaza. The 1,060-key property, located in the city’s central Back Bay neighborhood, opened in 1927 as The Statler Hotel. Its ownership changed hands over...
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...
One of the most famous hotels in the nation announced a new investment to restore its historic Victorian building. San Diego’s Hotel del Coronado will receive more than $160 million from Blackstone Real Estate, which marks the next and final phase of its more than...
A historic Rhode Island that was damaged in a fire over the weekend will need to be demolished. According to a WPRI.com report, The Harborside Inn caught fire on Friday night. The hotel is on Block Island, a resort off the Rhode Island coastline, and the scope of the...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
