HomeReal EstateInvestment

Investment

Presidents' Quarter

Procaccianti Companies Announces Acquisition of the Presidents’ Quarters

PROVIDENCE, Rhode Island—Procaccianti Companies announced the acquisition of the Presidents' Quarters and the development of the Sabal House Savannah. The project is a joint...

My Place Hotels of America and Rimrock Companies Enter Development Agreement

ABERDEEN, South Dakota—My Place Hotels of America entered into a two-phase franchise and development agreement with Rimrock Companies for 10 extended-stay hotels throughout the...
higher rates

Hoteliers Eyeing Interest Coverage: Challenge Increases This Year as Higher Rates Prevail in the...

According to CBRE’s February 2023 Investment Performance forecast, total revenues for the average U.S. hotel returned to 2019 levels in 2022, but the recovery...
apartment

CoralTree Hospitality Grows Collection With The Peninsula Beach Resort

DENVER—CoralTree Hospitality is growing its collection of hotels and resorts in Texas with the addition of The Peninsula Beach Resort, a resort community along...
May 2023

STR: U.S. Hotel Occupancy Reaches Second Highest Level This Year

HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to STR's latest data through May 20,...