Tag: finance & development
STR: Overall U.S. Weekly Hotel Performance Falls Slightly
U.S. Hotel PerformanceJanuary 29 through February 4, 2023Percentage change from comparable week in 2019Occupancy: 55.3 percent (down 7.3 percent)ADR: $145.35 (up 13.9 percent)RevPAR: $80.45...
STR: Phoenix RevPAR to Reach Second-Highest Super Bowl Weekend Level
HENDERSONVILLE, Tennessee—Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for February 10-12, which would be the second-highest level for a...
Sonnenblick-Eichner Company Arranges Construction Loan for Lionsback Resort
BEVERLY HILLS, California—Sonnenblick-Eichner Company has arranged $50 million of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development...
STR: Miami and Qatar Led Hotel Profit Recovery in 2022
LONDON—Miami and Qatar led the major global markets in hotel profit recovery for 2022, according to STR's full-year P&L data release.
Both markets’ gross operating...
CBRE: Commercial Real Estate Lending Activity Slowed in Q4 2022
DALLAS—Heightened market volatility amid higher interest rates continued to slow commercial real estate lending activity in the final quarter of 2022, according to the...