Tag: CBRE
CBRE: U.S. Lodging Demand Will Return to Pre-Pandemic Levels by Q4 2023
DALLAS—Based on stronger than expected performance during the first quarter of 2021, plus encouraging economic and vaccination news, CBRE Hotels Research forecasts U.S. lodging...
Labor Cost Trends in 2020
Based on CBRE’s survey of monthly operating performance, U.S. hotels experienced a 58 percent decline in total hotel revenues from 2019 to 2020. This...
Union Gaming Acquired by CBRE Group, Inc.
DALLAS—CBRE Group, Inc. has acquired Union Gaming, a boutique investment bank and advisory firm focused exclusively on the global gaming sector. Union Gaming, based...
Residence Inn Norfolk Airport Sold by CBRE
NORFOLK, Virginia—CBRE facilitated the sale of the Residence Inn Norfolk Airport, an all-suite, 130-room hotel located in Norfolk, Virginia. LTD Management DBA Lake Wright...
Losers and Lesser Losers: Tracking Hotel Operating Performance in 2020
In 2020, U.S. hotels suffered the worst year of operating performance since CBRE began tracking profitability in 1938. During the year, the average hotel...