The Federal Reserve cut interest rates Thursday, as many expected, but Fed Chairman Jerome Powell warned that a December cut “is not a foregone conclusion.”
PHOENIX — Getting a new-build hotel project across the finish line has been a difficult proposition in recent years, so owners and operators are turning to renovations and repositionings.
Bathgate, Scotland-based Macdonald Hotels & Resorts experienced substantial legal costs followings its failed case against Bank of Scotland, according to an earnings statement.
As publicly traded hotel brand and real estate investment companies hold their third-quarter earnings calls, investors and analysts are seeking answers in an uncertain environment.
PHOENIX — There's been no shortage of uncertainty in the hospitality industry this year. Performance fell short of expectations due to unforeseen challenges such as cratering international travel from certain regions and rising costs of materials and food.
ROME — The competition is heating up among institutional investors to find premium hotels and resorts in Italy that can command high enough average daily rates required to fulfill return on investment.
MANCHESTER, England — It is typical during different hotel industry cycles for performance and the outlook for transactions to be described as bearish or bullish.
PHOENIX — This year hasn't quite gone the way hoteliers expected, with performance coming short of expectations and the transaction market remaining relatively quiet as a couple of examples. With 2026 right around the corner, executives at The Lodging Conference hope that next year will bring better results as the industry wades through choppy waters.
The joint venture of Smith Hill Capital and Bain Capital has closed on its $216 million refinancing of the 774-key Westin New York Grand Central Hotel.
The trade union German Civil Service Association acquired the 167-room Park Plaza Wallstreet Berlin Mitte from Union Investment for €36 million [$42.3 million], or approximately €215,600 per key, according to a news release.
For more than two years, the saga of two large hotels — Parc 55 San Francisco and Hilton San Francisco Union Square — have defined the broader outlook on San Francisco as an investment market.