CBRE Reports H1 2023 Global Real Estate Capital Flows
Category: Featured, Finance & Development, Market Reports, Real Estate
According to CBRE, global cross-regional capital flows totaled $30.5 billion in H1 2023, down by 52 percent from H1 2022 and the second consecutive half-year period with an approximate 50 percent decrease in volume. Much of this decline in cross-regional activity was due to less North American capital flow to Europe amid high interest rates, constrained debt markets, and economic uncertainty. Europe saw inflows decline by two-thirds year-over-year, which is notable because the region is
HOUSTON—World Cinema announced a new brand identity as WorldVue. Rooted in the company’s values and vision, this rebranding is a step toward realizing its long-term goals and enabling WorldVue to position itself as a relevant advisor. The name WorldVue represents a broader perspective, offering a vision and emphasizing its growth. “In August of 2022, we acquired Hospitality WiFi. Over the past year, we have focused on bringing together our mission to unify both companies as
WASHINGTON—Leaders of hotel industry groups, including the American Hotel & Lodging Association, the Asian American Hotel Owners Association, the National Association of Black Hotel Owners, Operators & Developers, and the Latino Hotel Association released the below statements on the second annual National Hotel Employee Day. “Employees are the lifeblood of every hotel, and we created National Hotel Employee Day to help thank America’s nearly two million hotel professionals for their incredible service and dedication,” said
Hyatt Centric Downtown Sacramento Reopens Following Emergency Renovations
Category: Design, Renovations
SACRAMENTO, California—Hyatt Centric Downtown Sacramento and Presidio Companies announced the re-opening of Hyatt Centric Downtown Sacramento, a lifestyle hotel located adjacent to the Golden 1 Center. The hotel had briefly closed to repair damage caused by a water main break on the roof. Damage was limited to guestroom corridors and back-of-the-house areas. The remainder of the hotel sustained little to no damage. The 7th Street Standard lobby-level restaurant remained open during the renovation. All associates
The Mogharebi Group has advised a Utah-based private investor on the $8.9 million sale of a 156-key select-service hotel portfolio in Cedar City, Utah. The portfolio includes a 106-room Quality Inn and a 50-room America’s Best Value Inn that are located within one block of each other. The two hotels are also popular among families visiting the 12,000 students enrolled at Southern Utah University, located less than two miles away. “Hotels in the region are
