Hilco Real Estate LLC announced Sept. 27 will be the qualified bid deadline for the Chapter 11 bankruptcy sale of the 15-story Hudson River Hotel in New York City. Located at 442 West 36th St., the 56-room hotel was built in 1999 and features a newly renovated lobby...
KSL Capital Partners LLC, a Denver-headquartered investor in travel and leisure businesses, has announced that it will acquire all of the outstanding common shares of Hersha Hospitality Trust (NYSE:HT) for $10.00 per share in an all-cash transaction valued at...
CBRE (NYSE:CBRE) reduced its 2023 forecast for hotel performance, citing a weaker-than-expected summer demand that created a second quarter revenue per available room (RevPAR) shortfall. The revised forecast is now predicting a 2023 RevPAR of $96.64, up 4.6%...
CBRE (NYSE:CBRE) has hired Andrea Grigg as senior managing director and global head of hotels asset management for CBRE Hotels. Grigg will be based in Atlanta and is tasked with developing and leading the firm’s global hotel asset management and operator selection...
The U.S. commercial mortgage-backed securities (CMBS) delinquency rate jumped 51 basis points (bps) to 4.41% in July, according to new data from Trepp. “While the rest of the U.S. economy has seen relief in terms of higher equity prices, better-than-expected corporate...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
