Over the next three years, Nashville is expecting an influx of five-star hotel brands that include 1Hotel, Edition, Conrad, and Ritz-Carlton, plus a full renovation of the city’s grand dame, The Hermitage.
The price for the portfolio, with seven properties and 4,500 beds, is $725 million. Harrison Street is the buyer.
Pressures in the single-family home sales are leading to bidding wars in the rental market, reports The Wall Street Journal. Fortune analyzes how investors buying homes has helped drive up housing prices. These are among today’s must reads from...
While Manhattan sales typically slow during the summer, market veterans believe they’re seeing more than just a normal seasonal shift.
The cost of owning a house overtook the cost of renting one in the U.S. in April, reports The New York Times. Crain’s Chicago Business looks at how Sam Zell hasn’t been able to strike acquisition deals. These are among today’s must reads from...
The lenders, led by Fidelity, hold a majority of Bally’s $1.9 billion senior secured term loan due in 2028, which puts them in a position to block the company from a needed credit amendment.