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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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Loews Purchases Hotel 1000

Loews Purchases Hotel 1000

NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, has announced that it has entered into an agreement to purchase the 120-room Hotel 1000. The acquisition is expected to close Thursday, Jan. 28. “Seattle has been a ...

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The Developing Story: Brooklyn

The Developing Story: Brooklyn

Over the past decade, Brooklyn has gone from playing second fiddle to its shinier, busier neighbor Manhattan to becoming a star of New York City in its own right. With residential, retail, lodging, and entertainment space in a state of ...

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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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Strong Showing in 2015 for Upper-Upscale Segment

Strong Showing in 2015 for Upper-Upscale Segment

Often offering large meeting spaces and located in desirable downtown locations, full-service, upper-upscale hotel properties had a landmark 2015. Last year, this segment of the industry showed high occupancy, had a spike in average daily rate (ADR), and drove revenue ...

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