Two financial services firms, LarrainVial and DaGrosa Capital Partners, acquired stakes in South Florida real estate companies, as the region continues to attract big money.
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MIAMI, FL – TSG, a South Florida boutique, diversified real estate development and investment company, and Lineaire Group, a Miami-based real estate investment and development firm focused on urban infill projects – announced today a partnership with Bridge Investment Group to develop Wynwood Haus, a multifamily opportunity zone project in Miami’s booming Wynwood submarket. Bridge Investment Group, a leading, privately-held real estate investment and property management firm with more than $25 billion in assets under management, is one of the largest opportunity zone funds in the nation.
Bringing a unique breadth of skills ranging from local market expertise to sophisticated investment analysis, these three firms have partnered to holistically position Wynwood Haus as a leader in the Wynwood submarket.
STR DataShifts in Demand Mix Help Higher-End Hotels Maintain RateThe easy explanation might be that hoteliers with luxury and upper-upscale hotels learned the lesson that dropping rates doesn t necessarily speed up recovery. However, the data suggests other factors were at play.
When It Comes to the Pandemic, Hotel Executives Agree They Were WrongThe moderator said he would be kind by not naming names, but one year into the pandemic, an online panel of leaders in the hotel industry all had to admit one thing: No one realize.
One Year Later, Hoteliers Expect Elevated Disinfecting Efforts To Stick AroundAt the onset of the COVID-19 pandemic, hotel brands rolled out elevated protocols for disinfecting public spaces and guestrooms. Now, a year later, most of these guidelines are still in place and will remain long term.
La Jolla firm joins rush to acquire financially troubled hotels amid pandemic
Over the past year, hotels have faced much-diminished demand for overnight stays amid the coronavirus pandemic, which has sharply curtailed leisure and business travel.
(The San Diego Union-Tribune)
The newly formed Torrey Pines Hotel Group will join a Los Angeles-based firm to buy up financially distressed hotels at discounted rates and manage them long-term.
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As hotels struggle to survive a nearly year-long pandemic that has crushed business and leisure travel, an increasing number of companies are rushing in to acquire financially troubled properties at what they hope will be discounted rates.