Four Seasons Fort Lauderdale kept its Michelin star and Michelin Guide nod for the second straight year. The part nobody's celebrating is that the market lost 3.2% of its hospitality workforce while approving 2,800 new luxury rooms... and those numbers are heading in opposite directions.
RLJ Lodging Trust pushed its next debt maturity to 2029 with a $500M refinancing package. The balance sheet looks cleaner. The operations tell a different story.
Operations
Primary
Mar 19
New York City wants to raise property taxes nearly 10% on an industry already drowning in regulatory costs, union labor at $40 an hour, and operating expenses growing four times faster than revenue. At some point, the math stops working... and we're getting close.
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