Strategic Hotels and Resorts Inc. has sold the Hyatt Regency Phoenix for $96 million. The buyer is a joint venture of PCCP LLC, an integrated real estate finance and investment management firm, and Los Angeles-based DiNapoli Capital Partners...
CHICAGO – The current slump in the U.S. lodging industry is going to last longer and cut deeper than the 1991 and 2002 recessions, predicts PKF Hospitality Research. At the root of the decline will be a double dip in demand, or a slowdown on top...
Summertime in Las Vegas might be more scorching this year than usual due to the heat from a growing number of condo hotel lawsuits. A group of 40 investors who bought condo-hotel units — privately owned homes inside hotels that revert to hotel...
Amid industry buzz about the benefits of small, easier-to-finance infill projects, several mega-projects still are taking shape. A new $485 million project by Hebrew SeniorLife is under way near Boston. The 162-acre campus will feature 600 units...
While seniors housing investment transaction volume may be drastically down at the moment, Meredith Oppenheim senior vice president of SavillsGranite, maintains that the industry is not down for the count. The industry is still healthy enough to...
The housing slump has softened occupancy at seniors housing projects, though a few hopeful signs suggest the slide may not deepen much further. Vacancy concerns are most pronounced at new independent living buildings and continuing care retirement...
