Hilton Worldwide Holdings (Hilton) opened its first Tru by Hilton Hotel in Oklahoma City in May. The new mid-priced brand is pricing rooms at less than $100 to attract cost-conscious travelers such as millennials. The larger lobbies and amenities such as craft beer and pool tables encourage communal … [Read more...] about 6.28.17: Hilton’s Tru Brand Latest Entrant into Crowded Hotel Franchise Space
Archives for June 2017
CMBS conduit loan rates are listed on our website at valuexpress.com every Monday. To access our CMBS conduit loan rate sheet from the ValueXpress home page, click on “Loan Rate Sheet,” which is located at the lower right corner of the home page. On the new page that appears, you will be instructed … [Read more...] about 6.23.17: Don’t Forget: CMBS Conduit Loan Rates Are Listed on Our Website
A recently released report identified Houston, Texas as one of the most troubled markets within the Kroll Bond Rating Agency (KBRA) ratings universe, which covers most major U.S. metropolitan areas. KBRA’s observations of the top 25 lodging markets revealed that loans within the Houston MSA were … [Read more...] about 6.21.17: Houston Awaits Hotel Market Recovery
Class A mall developer Taubman Centers Inc. opened what might be the last newly constructed mall for a long time. The property, University Town Center, is an 862,000-square-foot mall that Taubman started in 2004, but construction was slowed by financial crisis and it finally opened in October 2015. … [Read more...] about 6.15.17: Is the Mall at University Town Center the Last in Our Lifetime?
Industrial warehouse real estate is one of the hottest sectors in commercial real estate this year, with e-commerce boosting demand. Many markets are reporting industrial building space is being gobbled up quickly, with Amazon leading the way. In New Jersey, 9.4 million square feet of industrial … [Read more...] about 6.9.17: Industrial Warehouse Buildings Are Hot!
With reports of department store closings now routine, particularly in mall locations, mall owners are actively redeveloping these spaces for alternative uses in strong markets. CBL & Associates recently redeveloped a vacant Sears store at Fayette Mall in Lexington, Kentucky, into a total of 20 … [Read more...] about 6.5.17: Redevelopment Strategies for Former Department Stores
Most franchised select service and full-service hotels require on-site restaurants to comply with franchise requirements. However, most hotel owner/operators consider running a hotel restaurant a necessary evil, and most hotel restaurants do not make money. In addition, hotel guests do not care to … [Read more...] about 6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners