Hotels that serve vacationers, weekend travelers and day trippers are performing very well—in some cases charging higher daily rates and filling more rooms than prior to the pandemic. That strong performance is making leisure hotels more attractive to investors.
The largest publicly traded owner of U.S. hotels is buying a resort in the Florida Keys as revenge-spending vacationers spur investments in lodging assets.
Native American tribes are investing in land development as they try to diversify their revenue base, reports The New York Times. MarketWatch looks at cities with the highest share of homeowners at risk of foreclosure. These are among today’s must reads from around the commercial real estate industry.
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