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HomeHospitalityHotels/Motels

Hotels/Motels

Hotels and motels are types of accommodation that provide temporary lodging for travelers, tourists, and other guests.

While they share similarities, there are some differences between hotels and motels.

A hotel is a building or a group of buildings that offers a range of services and amenities to its guests. Hotels typically have rooms or suites with private bathrooms, and offer a variety of amenities, such as room service, on-site restaurants, bars, fitness centers, spas, and business centers.

BT Tower
Commercial Real Estate

London’s BT Tower Sold to Hotel Group

February 22, 2024 Mariel Alumit Comments Off on London’s BT Tower Sold to Hotel Group

The telecommunications company BT Group has announced the sale of its London landmark BT Tower to MCR Hotels for $346 million, with the new owner planning to transform the structure into a hotel. Located in […]

condo
Commercial Real Estate

Luxe condo at NYC’s Plaza Hotel sells for record $66M

November 4, 2023 Allen Santos Comments Off on Luxe condo at NYC’s Plaza Hotel sells for record $66M

In the world of opulent real estate, New York City’s Central Park South is a perennial favorite, renowned for its lavish residences and exorbitant price tags. The latest testament to this trend comes in the […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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