Around the U.S., hoteliers are turning down-at-the-heels motels—a national icon of sorts—into stylish, remarkably upscale hotels.
The hotel industry in Houston, the fourth-largest city in the U.S. and its energy capital, has struggled because of depressed oil prices.
The overall occupancy rate for seniors housing for the nation’s largest 31 metropolitan areas was 88.8 percent in the second quarter, down 50 basis points from the first quarter.
The company would like to appoint an independent receiver for the skilled nursing and assisted living facilities portfolio.
The partnership is looking for value-add properties in Hawaii, California, Mexico and Japan.
The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline.
The merger leaves only a few giant companies in the business of owning and managing SFR assets, including a few potential acquisition targets.
Exclusive research shows continued confidence in improving fundamentals and a steady pace of investment sales.
Two product types will be the winners in the seniors housing race both in the short and the long term.