With vaccinations beginning, existing owners of struggling hotel properties are making a renewed effort to wait out the pandemic rather than sell for deep discounts.
More than 962 million hotel room nights have gone unsold through last week, up 46 percent from last year.
From Brooklyn to Minneapolis, turning are turning empty hotel suites into private dining rooms for small groups.
With distribution of working vaccines on the horizon, a recovery for the sector should take shape throughout 2021.
With Mirae allowed to walk away from its $5.8 billion hotel acquisition, more firms could follow suit.
Firms waiting for an opportunity to invest in distressed assets are looking at different avenues to approach their goals.
Richard Barkham, CBRE chief global economist and head of America’s research, comes on the pod to discuss how next year might unfold for the CRE industry.
The former Fed chairman discussed his outlook on the broader economy and what it might mean for commercial real estate demand.
In a Q&A with NREI, Dan Amer, of Kawa Capital Management, talks about the pros and cons of ground lease transactions.