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With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

by Key Realty | Feb 1, 2017 | Commercial Real Estate News | 0 comments

Spurred by projections of strong growth in the luxury hotel segment in the next two years, hotel operators have rushed out of the gate with billions of dollars of new development and acquisition initiatives to appeal to affluent travelers. Hyatt Hotels Corp. (NYSE:H)...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

CoStar’s People of Note (Jan. 27) – CBRE Names New Presidents for Three Major US Divisions

by Key Realty | Jan 27, 2017 | Commercial Real Estate News | 0 comments

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Chicago, South Florida, Minneapolis / St. Paul, Tampa / St....
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

ASB, Lincoln Property Co. Obtain $63 Million in Financing for Pair of Seaport District Properties

by Key Realty | Jan 26, 2017 | Commercial Real Estate News | 0 comments

ASB Real Estate Investments and Lincoln Property Co. secured a $63 million loan for 320 and 333 Summer St., two mid-rise office buildings that total 217,000 square feet in Boston’s Seaport District. Renovated in 2013, both feature loft-style office space that is...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

In Major Shake Up, Harvard’s $35.7 Billion Endowment To Spin Out Real Estate Investment Team

by Key Realty | Jan 26, 2017 | Commercial Real Estate News | 0 comments

Harvard Management Co. (HMC), which manages Harvard University’s $35.7 billion endowment fund — the country’s largest endowment – announced a major investment shake up today in a letter to the Harvard community from N.P. (Narv) Narvekar, who took over as...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

Silver Street Development Closes on 250-Unit Pequot Highlands Apt. Complex in Salem

by Key Realty | Jan 24, 2017 | Commercial Real Estate News | 0 comments

Silver Street Development Corp. has acquired the 250-unit Pequot Highlands apartment complex in Salem, MA from Winn Cos. for $26.65 million, or approximately $107,000 per unit. Pequot Highlands was constructed in 1971 at 12 1st St. off the Highland Ave. thoroughfare...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

MACOM Sells Corporate Headquarters in Lowell

by Key Realty | Jan 23, 2017 | Commercial Real Estate News | 0 comments

Calare Properties, a private real estate investment firm and operator, purchased MACOM Technology Solutions’ headquarters facility at 100 Chelmsford St. in Lowell, MA in an off-market transaction. The 150,000-square-foot research, development and manufacturing...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

Office Lease Up (January 23) 21st Century Fox, News Corp to Maintain Corporate HQs in 1.2M SF at Rockefeller Center

by Key Realty | Jan 23, 2017 | Commercial Real Estate News | 0 comments

Even as two fashion brands have expanded beyond New York City, two media companies have signed separate long-term lease renewals to remain in more than 1.2 million square feet at Rockefeller Center, located at 1211 Avenue of the Americas in Midtown Manhattan. Ivanhoé...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

Hyatt Acquires Two Health Spas and Top Brand to Accelerate Growth Strategy

by Key Realty | Jan 23, 2017 | Commercial Real Estate News | 0 comments

Hyatt Hotels Corp. acquired Miraval Group, an owner and operator of spas and resorts, from an affiliate of KSL Capital Partners LLC. The $215 acquisition includes the Miraval brand and a pair of resorts: the 133-room, 150,433-square-foot Miraval Resort & Spa in...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

Hyatt Accelerates Growth Strategy with Acquisitions of Two Health Spas

by Key Realty | Jan 23, 2017 | Commercial Real Estate News | 0 comments

Hyatt Hotels Corp. acquired Miraval Group, an owner and operator of spas and resorts from an affiliate of KSL Capital Partners LLC. The acquisition includes an initial investment of $215 million for the Miraval brand and resorts in Tucson and Austin. Miraval Resort...
With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

CoStar’s People of Note (Jan. 20) – CBRE, HFF Name Senior Managing Directors

by Key Realty | Jan 20, 2017 | Commercial Real Estate News | 0 comments

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Greater Toronto Area, South Florida, San Francisco, Chicago, Orange...
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