According to a new special research report from the JLL New York Research and Hotels teams, New York is the most liquid hotel market in the world. 2015 marked the city’s highest volume of transactions and highest-priced transaction on a per-room basis. Hotel performance will be under pressure in 2016 and 2017, given the city’s elevated supply pipeline, economic volatility in major source markets and the impact of home-sharing sites, but… Read More
RFR Holding LLC collaborated with acclaimed design firms Stonehill & Taylor and Meyer Davis Studios, to complete an overhaul of the 597-room Paramount Hotel. Adjacent to Times Square and the theatre district, the hotel also houses the legendary Diamond Horseshoe supper club, a popular Manhattan destination for dining and entertainment. With its transformational renovation complete, the hotel is ready for investors.
JLL’s Hotel & Hospitality Group will handle the sales process of… Read More
Conditions are certainly hot in the New York hotel investment market.
With total hotel transaction volume of $1.8 billion, Manhattan was the most active market nationally in 2013, outranking Oahu Island, San Francisco, Los Angeles, Boston and Washington, D.C.
And in 2014, JLL’s Hotels and Hospitality Group expects that $1.8 billion figure to increase to between $2.7… Read More