An advocacy group consisting of New York City-based hotel owners from minority demographics has been formed to challenge proposed legislation that they consider to be harmful to their businesses. The NYC Minority Hotel Association (NYCMHA) encompasses 50 minority...
Hyatt Hotels Corporation (NYSE: H) announced the planned acquisition of Standard International, parent company of The Standard and Bunkhouse Hotels brands. Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over...
CBRE (NYSE:CBRE) has revised its forecast for 2024 U.S. hotel performance, citing weaker-than-expected leisure travel and the slowing in corporate profit growth. CBRE is now projecting a 1.2% increase in revenue per available room (RevPAR) growth for 2024, down from...
Airbnb (NASDAQ:ABNB) has announced the appointment of hotel industry executive Jim Alderman as head of residential development. Alderman was previously a principal with Alderman Advisory, a consulting firm that he confounded. Earlier in his career, he was CEO of...
A new scholarship program for aspiring teen real estate professionals, the CFPB’s digging for “junk fees” and interest rate cuts across the Atlantic. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 27-31. Hit: Educating...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
