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U.S. hotel construction pipeline

STR: United States Led Q1 2021 Global Hotel Openings

HENDERSONVILLE, Tennessee—The United States led the world in new hotel and room openings during Q1 2021, according to global pipeline data from STR’s AM:PM...
Hotel renovation

Behind the Conversion Trend

Attorney David Reina of Morris, Manning & Martin LLP’s Hospitality Practice already observes a clear uptick in acquisitions of distressed hotels for conversion into...
closed hotel - door with chain

Prime for Repurposing

The vultures are circling. It’s no secret that the financial crisis precipitated by the continuing global pandemic has hit the hospitality industry especially hard,...
CGI Founder and CEO, Raoul Thomas

A-Rod Corp and Maverick CP Back CGI’s $650 Million Hospitality Opportunity Fund

MIAMI — CGI Merchant Group, LLC—a global investment management firm with a focus in real estate and private equity—this week announced a new multimillion-dollar...
real estate auction

When to Consider an Open-Bid Auction or Sealed-Bid Sale to Liquidate a Lodging Asset

Lodging asset owners and lenders have options when the sale of a distressed asset is required due to market dynamics like those in today’s...