Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The publicly listed retailer is in talks with multiple potential buyers, the company said in a statement that did not disclose possible buyers. It also reiterated a … [Read more...]
6.28.17: Hilton’s Tru Brand Latest Entrant into Crowded Hotel Franchise Space
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...]
9.7.16: Wellness Travel Is Latest Trend in Hospitality
Hoteliers often hear their guests say, “I really have a hard time staying in shape and eating properly when I travel.” Well, research points out many travelers feel this way. According to Joel Eisemann, chief development officer in the United States for Intercontinental Hotels Group (IHG), “Our … [Read more...]
7.8.16: Latest Twist in Risk-Retention Structure
Rialto Capital has agreed to buy the subordinate portion of the first commercial MBS deal that will be structured to comply with impending risk-retention rules, according to Commercial Mortgage Alert. The roughly $800-million offering is scheduled to hit the market this month. It will be backed by … [Read more...]