In April 2020, 814,000 rooms — or 15% of the U.S. hotel room inventory — closed. That figure has dropped to around 2% in June 2021, just over 100,000 rooms.
In April 2020, 814,000 rooms — or 15% of the U.S. hotel room inventory — closed. That figure has dropped to around 2% in June 2021, just over 100,000 rooms.
Offices in 10 major U.S. cities were just 33.1% occupied in the week ending Aug. 25. That figure is a slight increase over the prior week but down from a 34.8% peak in late July.
Asking rents for houses rose nearly 13% for the year to date through July, the highest annual increase in the past five years. The sharp rise partly reflects increasing demand from people who can’t afford to buy homes, and the slow supply of new houses as construction trails historical levels relative to population growth.
Blackstone completed their previously announced acquisition of QTS Realty Trust, a leading provider of data center solutions across a diverse footprint spanning more than 7 million square feet of owned mega scale data center space within North America and Europe, for approximately $10 billion.
In the second quarter, hotel REITs’ cumulative funds from operations turned positive for the first time since early last year.
Direct listings have an average rise of 64.4% from their opening trading prices while the S&P 500 had a 26.8% return and the Renaissance IPO index rose 31.1%.
The Supreme Court on Thursday lifted the latest federal ban on evictions during the Covid-19 pandemic, siding with landlords against a moratorium the Biden administration imposed this month despite questions about its legality.
The top 25 private-equity firms are sitting on $509.8 billion in uninvested cash, holding 22.3% of the global dry powder total of $2.29 trillion in August. That is a significant increase from December, when the worldwide total was just under $2 trillion; in December 2019, the figure was $1.63 trillion.
In the second quarter of 2021, $13 billion in hotel transactions have taken place — the highest ever and twice the amount of transactions as happened in 2019.