Investment sales activity in Hawaii totaled $2.2 billion during the first half of 2012 – a 134 percent gain from mid-year 2012 levels, according to Pacific Business News (quoting data from Colliers International Hawaii). The transaction count for commercial real … Continue reading →
Revenue from retail sales in Aspen was 8.2 percent higher in March 2013 compared with March 2012, according to Aspen Times. The increase is attributed to this year’s heavier snowfall. The numbers by sector (March 2013 vs. March 2013) are … Continue reading →
The DC Office of Zoning has approved plans to build a boutique hotel in the Adams Morgan district of the city. The historic First Church of Christ Scientist building will be incorporated into the 227-room hotel which will also claim … Continue reading →
Atlantic City’s Revel Casino is filing for Chapter 11 bankruptcy protection in March, according to The Huffington Post. The $2.4 billion resort casino, which has attempted to differentiate itself from the other casinos in Atlantic City by marketing itself as … Continue reading →
In 2011, hotel retail revenue averaged a meager $497 per available room (1.1% of total revenue) according to USA Today (quoting PKF Consulting). In an effort to increase revenue and stay competitive, upscale hotels are creating more functional and multi-purpose … Continue reading →