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CBRE Group Undergoes Rebranding

CBRE Group Undergoes Rebranding

LOS ANGELES, Calif.—CBRE Group, Inc., a full-service real estate and investment organization, today announced the completed rebranding and integration of PKF Consulting USA, PKF Hospitality Research, and PKF Consulting Inc. (Canada) into its portfolio of global real estate services. Effective ...

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Atlantic City’s Borgata Invests $50 Million into Improvements

Atlantic City’s Borgata Invests $50 Million into Improvements

ATLANTIC CITY, N.J.—Atlantic City’s market-leading resort destination, Borgata Hotel Casino & Spa has announced plans to invest over $50 million into the improvement of its property throughout 2016. Borgata will commit significant capital investment across a broad range of projects—including ...

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Healthy Outlook for Hotel Spas

Healthy Outlook for Hotel Spas

Coming out of the great recession, U.S. hotel operators struggled to earn revenue from sources other than guestroom rentals. However, in 2014, the industry began to see guests spend their money in other areas of the hotel. According to the ...

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Startup Investing Offers More Than Dumb Money

Startup Investing Offers More Than Dumb Money

As managing director of Thayer Ventures, a venture capital firm focused on hospitality technology and backed by one of the Thayer Lodging Group funds, Chris Hemmeter has seen hundreds of startups come and go. He’s laser-focused on staying ahead of ...

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Fitch Ratings on Industry’s ‘Capital Conundrum’

Fitch Ratings on Industry’s ‘Capital Conundrum’

Corporates, or strategic buyers, may participate in more merger and acquisition (M&A) transactions in the U.S. lodging industry if the capital conundrum for private equity (PE) firms persists, Fitch Ratings says. Lower investor demand for high yield bonds and loans ...

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Investment in Uber-Lux Hotels Ramps Up

Investment in Uber-Lux Hotels Ramps Up

Travelers’ increased desire for a unique hotel experience has given way to the uber-lux hotel, a brand-associated luxury property that provides guests with a distinct stay. Teresa Goebel, a partner in Goodwin Procter’s Business Law Department and a member of ...

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