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Navigating Hotel Financing in a World Eager for New Travel Experiences
Shivan Perera | October 7, 2024
Although the coronavirus pandemic is in the rearview mirror, the hotel industry is still rebounding from the financial distress caused by the severely reduced number of travelers during that time. Years later, some positives have emerged for the industry. Lenders are cautiously optimistic about the potential for growth in hotel and hospitality investments. Increased consumer confidence, a rise in domestic travel, and a growing interest in experiential tourism are driving demand for new supply. Spread between cap rates and borrowing costs are narrow, attracting both institutional and non-institutional investors. Even though the gap between bor...
JLL’s Global Real Estate Perspective May 2023
JLL | July 24, 2023
Subdued activity as uncertainty delays decision-making Economic conditions remain challenging in many countries with inflation still stubbornly high, interest rates continuing to climb and softening labor markets, while distress in the banking sector has added to volatility. This is leading to more defensive strategies from occupiers as they delay requirements. Continued uncertainty and elevated borrowing costs are also impacting investor sentiment and inhibiting transaction markets. The effects of economic headwinds on the office sector increased during the first quarter, with global leasing volumes 18% below Q1 2022 and declining across...
How Real Estate Is Raising Its Data Game
JLL | May 31, 2023
CRE professionals are facing a data deluge that requires robust tech strategies Corporate real estate professionals grappling with a raft of complex challenges are increasingly turning to technology for solutions. But it’s new ground for many of them, who are having to quickly get to grips with proptech solutions that can help manage buildings, drive sustainability and improve workplace experiences. One particular area of focus has become the dreaded “d” word: data. On the one hand, real estate professionals are drowning in a sea of data sourced from operational, financial and supplier systems, building sensors, workplace apps...
Meyer Jabara Hotels and Vivid Capital Bring People Together to Get Deals Done
Meyer Jabara Hotels | July 21, 2022
More than 70 hotel developers, owners, brokers, consultants, franchise reps, financiers, designers, and construction experts met downtown Nashville to discuss new hotel projects at their joint commercial real estate networking event [Danbury, Conn., and Nashville, July 21, 2022] — Hotel development is alive and well and business partners are eager to get deals done. That was the take-away from the 2nd quarter Commercial Real Estate Networking Event held at the TownePlace Suites by Marriott Nashville Downtown/Capitol District, co-hosted by Meyer Jabara Hotels and Vivid Capital. More than 70 hotel developers, owners, consultants, franch...
Blockchain Technology Shaping the Future of Commercial Real Estate
February 18, 2021
Implications of blockchain technology in Real Estate In short, blockchain technology enables the user to record information on a digital ledger. It divides and stores the entered information in a compartmentalized array across several computer systems on a Blockchain network. Technically speaking, Blockchain technology utilizes Distributed Ledger Technology (DLT), where the stored information becomes impossible to hack, alter or erase. This technology makes information significantly more transparent and safer than conventional ledgers we have been using over centuries. Real estate transactions, a DLT platform allows storing information...
2021: It’s All About the Economy
JLL | December 17, 2020
Recent developments are providing markets with optimism, although the next six months are key for real estate When the pandemic sent global economies into decline, it clinched the end to a decade-long bull run in commercial real estate markets. But economists and investors appear largely optimistic about a recovery in 2021. While such a disposition might have seemed far-fetched during the first lockdowns in the spring of 2020, the confidence is coming from a faster pace of vaccine development than some first believed possible, alongside government stimulus efforts and record-low interest rates at central banks. Still, uncertainty rem...
Paramount Lodging Advisors Breaks Ground On New Chicago Office
Paramount Lodging Advisors | December 13, 2017
CHICAGO, IL – Paramount Lodging Advisors (PLA), with the support of Midland States Bank is constructing its new company headquarters in the Old Town area of Chicago. PLA has partnered with Irpino Construction as the General Contractor to build the office. The building is projected to be complete by July of 2018. The new headquarters will be a sleek, three-story building equipped with a wide variety of innovative technology and accommodations. It will also tailor specifically to the needs of the PLA's Hotel Real Estate Advisory Practice - with unique gathering spaces and private offices. The third floor, uniquely will offer a stunn...
Paramount Lodging Advisors’ Interns Awarded Highest Honors At DePaul University’s Real Estate Department Fall Reception
Paramount Lodging Advisors | September 23, 2016
CHICAGO, IL – The Paramount Lodging Advisors (PLA) team is proud to recognize the achievements of DePaul University interns Lindsey White and Daniel Jackson. Both DePaul University students were awarded the most prestigious scholarships from DePaul University's Real Estate Department and the Kellstadt Graduate School of Business. Lindsey was granted the DePaul Real Estate Alumni Association Scholarship, which was given to an undergraduate student whom exemplified high-achievement in the real estate program. Lindsey will graduate early in 2018, when she is sure to take the commercial real estate industry by storm. Daniel received T...
