Maturing hotel debt and higher borrowing costs are putting US hotel owners under pressure, threatening to reshape investment, ownership and development. Billions of dollars in maturing hotel loans are putting US property owners under pressure, as higher borrowing costs and…
The acquisitions are expected to be immediately accretive to earnings and to contribute $6 million of EBITDA during the Company’s 2026 ownership period. The net increase in Adjusted EBITDAre from the cash invested is expected to be approximately $4 million more than the…
DALLAS, June 1, 2021 Luxury hotel ideally located in close proximity to high-end shopping on Rodeo Drive and business demand from Century City and Culver City. The Company will issue 2.5 million units in its Operating Partnership ("OP units") and 500,000 warrants to the…
Host Hotels & Resorts, Inc. acquired 1 Hotel Brooklyn Bridge, L.L.C. for approximately $200 million on November 4, 2026. A cash consideration of $202 million will be paid by Host Hotels & Resorts,... Host Hotels & Resorts, Inc (NasdaqGS:HST) acquired 1 Hotel Brooklyn Bridge, L.L.C for approximately $200 million on…
The following is an extended version of the article that appears in our November 2026 issue. Kelli Jenkins with a bowl of Morty’s sausage and vegetable soup du jour Richmond magazine: How did you end up in Richmond? Kelli Jenkins: I…
A developer with a major Garden State footprint is writing a new chapter as 6,200 apartments in New Jersey undergo a rebrand. Kushner Real Estate (KRE) has officially introduced Northern Chapter Company, or “Chapter” for short, to a collection of 13 New…
1 Hotel Central ParkNew York, New YorkGreen Chic, $$$ When we touch down in big cities across the U.S. and need a place to camp out, get some work done, and have a healthy meal, we pretty reliably check to see if there's…
Mitti Hicks•Oct 18, 2024 Through Black Heritage Tours, cultural historian Jennifer Tosch is making sure the hidden history of the African diaspora is more visible in the Netherlands and New York. Tosch founded Black Heritage Tours in 2013. Connecting the dots of…
The Great Rebalance: How Travelers are Expecting to Reset and Recalibrate in 2027. Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 28 world-class brands comprising more than 9,600 properties and nearly 1.4 million rooms, in 144 countries and territories. MCLEAN,…
FORT EDWARD – Members of Black Dog Designs and the Washington County Planning Department were honored by the New York State Tourism Industry Association (NYSTIA) at the New York State Excellence Awards ceremony held at the Corning Museum of Glass in…
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