Transactions
Primary
Mar 24
An insurance company just wrote $120 million in 15-year self-amortizing debt on two Marriott-branded NYC hotels at roughly $232,000 per key. The terms tell you more about where lenders think this market is headed than any forecast report will.
Technology
Primary
Mar 18
New York City wants to hike hotel property taxes 9.5% while operating costs already outpace revenue growth 4-to-1. For the operators who actually have to absorb this, the question isn't political... it's whether your systems can even tell you where the margin is disappearing.
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