Hospitality Archives | Page 8 of 15 | CREtech
Sonder, a VC-backed hospitality startup, is beefing up its C-suite as it looks to move past a volatile few months for the travel industry. The San Francisco-based company, which leases apartments and turns them into furnished, short-term rentals, said CFO Sanjay Banker, who joined in 2019, would add “president” to his title to help oversee the company’s growth, including a major expansion in...
Investors are buying hotels and turning them into rental apartments, in the latest sign of how the Covid-19 pandemic is changing the American real-estate market. These buyers are trying to take advantage of the
It’s no secret that the hospitality industry has been hit hard by Covid-19, which has forced many hotels to temporarily close and others to permanently shutter. But one type of hospitality property is faring better than others: extended stay hotels and residences.
More than $1 billion in buying power has left #Tribeca #NYC since the pandemic began; half of that was in the first 60 days. #COVID19 's $34 billion dollar bite out of the Big Apple -- #locationdata #humanmobility #CRE
Baseball legend Alex Rodriguez is teaming with a Miami private-equity firm to invest more than a half-billion dollars in buying or developing hotels at a time when the industry has been ravaged by the pandemic. The former New York Yankee known as A-Rod said h...
As fewer people have traveled — and thus, booked hotel rooms — because of the pandemic, the hotel industry is facing a staggering statistic: almost 1 billion empty hotel rooms for the year. As of last week, more than 962 million room nights have gone unsold, Bloomberg News reported, citing data from lodging information firm STR. That’s about 46 percent more than all of last year. The industr...
U.S. and other global property investors are putting billions of dollars into a significant expansion of new production studios in the U.K., where tax breaks are attracting business from movie makers and television companies. While the pandemic has upended many major commercial real-estate sectors—from hotels and retail to office towers—investing in properties related to content creation has e...
While security is a top concern for every business, there are unique challenges when it comes to protecting larger operations. For enterprise organizations that need to secure multiple offices across different sites and locations, enterprise security measures are necessary. But what is enterprise security, and how do you implement it?
As companies continue to prepare for the return of their employees to the workplace, they're weighing new types of surveillance in the name of safety. Why it matters: Just as the coronavirus pandemic has acted as an accelerant for the adoption of remote work, it has also normalized increased surveillance and data collection.