Development
Primary
Jun 29
Canadian steel duties at 50% and a 100% tariff threat on European goods are hitting hotel renovation budgets from both sides simultaneously. The owners doing the math right now are the ones who'll survive the PIP cycle with their equity intact.
Development
Primary
Apr 30
The effective U.S. tariff rate just hit levels not seen since the 1940s, and the majority of hotel FF&E is manufactured in the countries getting hit hardest. If you're an owner with a renovation bid older than six months, the number on that proposal no longer reflects reality.
Development
Primary
Mar 11
January's 2.4% CPI print looks calm. The forward cost structure for hotel owners does not.
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