New York hotel occupancy rates and revenue per available room are ticking upward, indicating there are good days ahead for the city's densely supplied hotel sector.
Amid increasing government pressure to limit exposure to foreign investments, several Chinese companies are now attempting to quickly sell off their U.S. commercial real estate assets.
American Realty Capital New York City REIT, Inc. ("NYCR"), a public non-listed REIT which owns a $754 million portfolio of office and retail condominium buildings in New York City, announced today that it has entered into five new leases totaling approximately 33,427 square feet at 9 Times Square (200 West 41st Street) in Manhattan.
Hotels these days sell with a lot of runway on their franchise agreements, and incoming owners are more likely to extend the agreement and thereby prolong the revenue stream of the franchisor.
Sometime before the end of this year, Amazon is scheduled to announce the winning city, which is anticipated to include over US$5 billion in construction and as many as 50,000 high-paying jobs.
The pace of hotel deals is up in 2018, and independent hotels are finding their place on the pie chart.
EquityMultiple Director of Investments Jonathan Lesser hosts Jonathan Jaeger of LW Hospitality Advisors at EquityMultiple headquarters to discuss the ins and outs of hotel real estate investing.
The LW Hospitality Advisors (LWHA) Q2 2018 Major US Hotel Sales Survey includes 44 single asset sale transactions over $10 million, none of which are part of a portfolio.
Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels.
U.S. hotel demand may be at record highs, but that doesn’t mean residents in every part of the country are excited to see hotel projects breaking ground in their backyards.