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CRE Companies Put Old Hotels to New Uses

CRE Companies Put Old Hotels to New Uses

The hospitality industry may be hurting, but that doesn’t mean hotel real estate has to.   If you find yourself with a batch of lemons, the wise move is to make lemonade. What if you’ve got hotel properties in a down hospitality market? Luckily, you’ve got some...
Despite pandemic setback, hotels are gaining strength

Despite pandemic setback, hotels are gaining strength

Hospitality industry benefits from pent-up travel demand; projections remain encouraging Hotels have been getting some pleasant wake-up calls in recent months: The industry is improving. Certainly, that’s the case in the Tampa and Sarasota markets. The COVID-19...
Tampa Bay Hospitality Update | Is the Market dead?

Tampa Bay Hospitality Update | Is the Market dead?

Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...
CRE Gets Boost as Economy Adds 379,000 Jobs in February

CRE Gets Boost as Economy Adds 379,000 Jobs in February

Most of the job gains were in the leisure and hospitality sectors. The US economy showed its clearest sign yet of recovery with February’s unemployment report released this morning by the Bureau of Labor Statistics: Some 379,000 jobs were added to US payrolls last...