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Major Hotel Investment Sales in Q4 | By Daniel H. Lesser

Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession. ....

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Strategic Hotels & Resorts (Strategic Hotels & Resorts) - Real Estate Investment Trust, United States

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Jonathan P. Stanner named President and Chief Executive Officer and a member of the Board of Directors at Summit Hotel Properties, Inc.

Jonathan P. Stanner named President and Chief Executive Officer and a member of the Board of Directors at Summit Hotel Properties, Inc.
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Summit Hotel Properties Announces Leadership Transition

Summit Hotel Properties Announces Leadership Transition
Dan Hansen to Become Executive Chairman
Jonathan Stanner to Become Chief Executive Officer and Join Board of Directors
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AUSTIN, Texas, Dec. 17, 2020 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ) today announced that Dan Hansen, Chairman, President and Chief Executive Officer will transition to the role of Executive Chairman of the Board of Directors effective January 15, 2021. The Company s Board has elected Jonathan Stanner, the Company s current Executive Vice President, Chief Financial Officer and Treasurer, to become President and Chief Executive Officer and a member of the Board of Directors effective January 15, 2021. ....

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