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Major Las Vegas Development Projects Status Update
By Shannon S. Okada - MAI, Managing Director of Gaming with HVS

As of the end of January 2020, prior to the closures of businesses determined to be non-essential and the announcement of stay-at-home recommendations due to COVID-19, the Las Vegas Convention and Visitors

U.S. Hotel Industry Ended Record-Setting Development Streak in May

It took several months, but coronavirus is finally impacting hotel construction. The hotel development pipeline had been an anomaly to the economic downward spiral from the pandemic. While hotel occupancy

HB Exclusive: CHLA's Bijal Patel Discusses California Hotels Reopening to Tourism

Many California properties are reopening their doors to leisure travelers today for the first time since mid-March, as restrictions to lodge only essential workers lifted. According to Bijal Patel, chairman

New Joint Venture Between BentallGreenOak, Flank Management LP and Geolo Capital Leads to Acquisition of Hutton Hotel in Nashville

As part of a new three-way venture, BentallGreenOak (BGO), Flank Management LP (Flank), and Geolo Capital (Geolo) today announced the acquisition of the Hutton Hotel in Nashville, Tenn., in an all-cash

Baird/STR Hotel Stock Index rises 1.7% in May

The Baird/STR Hotel Stock Index rose 1.7% in May to a level of 3,232. Year to date through the first five months of 2020, the stock index was down 38.7%. "Hotel stocks were relatively flat in May, which

Development Pipeline for New Hotels Throttles Ahead Remarkably to Record Highs — For Now

The U.S. hotel supply continues to grow at a record pace, even with the industry facing its worst downturn in recorded history. But the building boom's days are numbered. Many hotels around the world are

Boutique Hotels Push Back on Major Chain Brand Conversion Tactics

The world's largest hotel companies expect independent hoteliers to flock to flag affiliations and their accompanying global reach during the coronavirus recovery to rebuild business. Don't hold your breath

Former Branson, Missouri Days Inn Becoming Efficiency, One-Bedroom Apartments

The largest affordable, workforce-targeted housing project in the United States to be completed entirely without federal funding or tax credits has entered its final renovation and construction phase.

Kalibri Labs Exclusive New Data Provider to Newmark Knight Frank

Kalibri Labs is now the exclusive provider of hotel performance data powering Newmark Knight Frank's NSights reports produced by its Hospitality, Gaming & Leisure (HGL) specialty practice within Valuation