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US hoteliers brace for performance declines as demand drop persistsDuring the first day of the 2025 Hotel Data Conference, industry analysts presented a more muted U.S. hotel forecast amid a demand plateau as business travel hasn't returned to peak levels.
Earnings
Hyatt CEO says hotel company has hit 'inflection point' and is poised to quickly scaleThe sale of 15 recently acquired resorts signifies the Chicago-based hotel company's asset-light transformation, said Hyatt President and CEO Mark Hoplamazian.Earnings
Apple REIT execs encouraged by improving consumer sentimentThough Apple Hospitality REIT has lowered its performance expectations for 2025, executives during the company's second-quarter earnings call spoke about positive signs for the industry.Snowflake accelerates real estate expansion with plans to double Denver officeSilicon Valley tech company is looking to the additional space as a means for it to accommodate its rapid-fire growth.
Sports-anchored San Diego project looks to score business from nearby Gaylord mega resortDevelopers are aiming to bring a tennis training facility, water polo academy and stadium to a site near the Chula Vista waterfront.
One of nation's largest data center designers expands in Northeast with acquisition of Boston firmCorgan acquired Dyer Brown & Associates.
Marcus & Millichap's deals and commissions climb, but charge leads to quarterly lossThe national investment brokerage's executives expect volatility in the property market to gradually ease.
Investment firm TPG, with $13 billion to spend, buys two New York office towersReal estate expenditures reached $1.53 billion in the second quarter.
Earnings
Choice revises full-year RevPAR outlook down, citing demand softness across USWith the RevPAR of its U.S. hotel portfolio down 2.9% in the second quarter, Choice Hotels International lowered its full-year outlook but also purchased outright Choice Hotels Canada to consolidate its franchise model and boost expansion across Canada.Earnings
Sunstone sees major market variation in second-quarter performanceSunstone Hotel Investors' second-quarter performance varied heavily by market, thanks to slower leisure and government demand segments and other headwinds.Earnings
Summit's demand outlook stabilizes after weaker second quarterDuring the hotel real estate investment trust's second-quarter 2025 earnings call, Summit Hotel Properties CEO Jonathan Stanner spoke about demand stabilizing and showing signs of incremental improvement in the months ahead.Global Report
CoStar World News for Aug. 7Spanish firm buys majority stake in Greek hotelier; Blackstone prices UK’s largest CMBS sale since financial crisis; Climate risks could weigh on Europe investmentsBurned Altadena office property tests Los Angeles fire rebuilding effortsLocal owners are weighing whether to sell as the neighborhood recovers.
Claire’s identifies over 1,100 stores to potentially close in bankruptcyThe tween retailer and mall staple warns it could liquidate after filing for Chapter 11 a second time.
Law firm uproots longtime Houston hub with move to downtown towerWright Close & Barger has given the TC Energy Center building a boost with a lease to double its office space.
JLL posts double-digit revenue gain for fifth straight quarterThe Chicago-based firm also posted a higher profit from growing property sales and leases.
Daily Roundup
Disney posts profit gains for theme parks; JD Sports tops fast-growing retailer list; Mortgage applications riseHere’s what you need to know to start your day.Irvine Co. extends downtown San Diego retreat with fifth office tower saleSanta Monica buyer XYZ Rent acquired its second property in a challenging climate for the neighborhood.
Blackstone prices largest UK CMBS since financial crisisThe £1.54 billion transaction is backed by Haven holiday parks.
Hotel companies see new reach with guests via option to buy now, pay laterBuy-now-pay-later loans have been a part of the travel industry for years and continue to grow in popularity, leading more hotel companies to take notice.
Exclusive
S2 Capital nabs Texas industrial firm to create new divisionThe national apartment investor has acquired Fort Capital in a move that expands its capabilities into the industrial sector. This West Coast landlord is on track for its strongest office leasing year since 2019Hudson Pacific Properties is pointing to more demand and larger deals among tenants.
Vornado is open to selling iconic properties in San Francisco and ChicagoNothing in the firm’s portfolio is “sacred,” CEO Steven Roth said.
How Southern California landlords are dealing with major industrial leasing dropInland Empire property owners are getting creative as demand slows.
Featured
CoStar Economy
CoStar Economy
Economy
Payrolls remain flat, GDP slows and manufacturers report deteriorating conditions
Economy
CoStar Insight
CoStar Insight
Analytics
Updated figures, second-quarter performance reshape outlook
Analytics
Power Brokers
Power Brokers
Mixed Use
Brokers won big property deals as transaction activity picked up in the second quarter
Mixed Use
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Video
Featured
Featured
Office
Tech giant’s Thompson Center project drives conversations about downtown
Office
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
International News
Germany
Aberdeen is winding up its pan-European logistics REIT
Germany
United Kingdom
J&D Wilkes' 211,000-square-foot deal leads way in first half
United Kingdom
United Kingdom
CoStar index shows best relative performers
United Kingdom
Ireland
Switzerland-based asset management firm acquires 78,000-square-foot Dunnes shed
Ireland
United States
Automaker debuts first of its kind concept in Los Angeles
United States
Canada
Architect hired to design museum near the US-Canada border
Canada
Spain
Duo recently bought major Spanish listed retail group
Spain
India
Owner of Taj Hotels took majority share in Ambuja's Tree of Life brand in November 2024
India
The lack of an in-office policy and associated enforcement are the biggest obstacles to fuller workspaces, a CBRE survey found.
People of Note
CBRE promotes veteran to boost Boston business; Lee bolsters Las Vegas brokerage team; Davis hires New York market director
Read the latest on new hires, promotions and other personnel changes.
Why this Los Angeles motel is the city's latest landmark
The Hollywood Premiere's design recalls the romance of the mid-century road trip.
CMBS Notebook
Office lenders warm to New York; Distressed Manhattan tower turns profits; $1 billion refinancing in Boston
A weekly look at the commercial mortgage-backed securities business.
Daily Roundup
Apple boosts US manufacturing investment; Jack in the Box to sell real estate; Agency looks to increase affordable housing supply
Here’s what you need to know to start your day.
Featured
CoStar Economy
CoStar Economy
Economy
Payrolls remain flat, GDP slows and manufacturers report deteriorating conditions
Economy
CoStar Insight
CoStar Insight
Analytics
Updated figures, second-quarter performance reshape outlook
Analytics
Power Brokers
Power Brokers
Mixed Use
Brokers won big property deals as transaction activity picked up in the second quarter
Mixed Use
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Video
Featured
Featured
Office
Tech giant’s Thompson Center project drives conversations about downtown
Office
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
International News
Germany
Aberdeen is winding up its pan-European logistics REIT
Germany
United Kingdom
J&D Wilkes' 211,000-square-foot deal leads way in first half
United Kingdom
United Kingdom
CoStar index shows best relative performers
United Kingdom
Ireland
Switzerland-based asset management firm acquires 78,000-square-foot Dunnes shed
Ireland
United States
Automaker debuts first of its kind concept in Los Angeles
United States
Canada
Architect hired to design museum near the US-Canada border
Canada
Spain
Duo recently bought major Spanish listed retail group
Spain
India
Owner of Taj Hotels took majority share in Ambuja's Tree of Life brand in November 2024
India
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