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Construction a Greater Threat to Lodging Sector CMBS Than Airbnb

Construction a Greater Threat to Lodging Sector CMBS Than Airbnb

NEW YORK—Supply-demand imbalance from over-building in the hotel sector poses a greater threat to U.S. traditional lodging sector fundamentals for hotels backing commercial mortgage-backed securities (CMBS) than peer-to-peer home renting platforms such as Airbnb, even as the latter continue to ...

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The Developing Story: Houston

The Developing Story: Houston

Home to more than 3,000 energy-related businesses, Houston, Texas, is well-known for its role as a hub for energy production in the United States. However, this market can be extremely volatile, and is currently in the midst of a downturn ...

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Barcelona Edition to Debut in 2017

Barcelona Edition to Debut in 2017

NEW YORK—Marriott International, together with Ian Schrager and the owner and developer, KKH Property Investors, announced their plans to open a new property in Barcelona, Spain in 2017, The Barcelona Edition. Marriott International will manage the hotel under a long-term ...

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Meliá Hotels to Enter Iranian Market

Meliá Hotels to Enter Iranian Market

PALMA DE MALLORCA—Meliá Hotels International has announced its entry into the Iranian market with the first five-star branded hotel, which will be managed by an international hotel company, Gran Meliá Ghoo Hotel. The property will be located in the largest ...

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Canopy to Make United Kingdom Debut in London

Canopy to Make United Kingdom Debut in London

LONDON—Hilton Worldwide has unveiled plans to bring Canopy by Hilton to the United Kingdom with Canopy by Hilton London City. Following a franchise agreement with 4C Hotel Group, Canopy London City will welcome its first guests in early 2018. The ...

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