While few are anticipating a major market crash, the duration, depth of a prospective economic recession and risk of a downturn is higher now than it has been for more than five years.
High levels of US consumer and business confidence are being fueled in part by low unemployment rates and rising wages both of which continue to have positive effects on the demand for US hotel room night demand.
Buoyed in part by a strong stock market, the 400 wealthiest Americans delivered yet another record-breaking year.
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.
At its core, the lodging business is really all about providing guest service.
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.