Hospitality

Blackstone addresses headline risk at New Mexico SIC meeting 

A bitter labor dispute led to calls for the Santa Fe-based sovereign wealth fund to withhold investments from the firm.

CBRE’s Barkham: Fed rate cut signals ‘sea change in optimism’

The real estate firm’s chief economist predicts a steady US recovery and a 15-20% jump in transactions next year.

Ares closes fourth US real estate fund with record $3.3bn haul

All told, the Los Angeles-based manager now has $5.5bn to target distress real estate opportunities in the US and Europe.

European hotel transactions pick up significantly in H1

Institutional capital was a major contributor to investment volumes in the asset class nearly doubling in the second quarter of 2024 from the same period last year, Cushman & Wakefield reported.

Ares JV capitalizes on Hyatt exit plan with $1.07bn Orlando buy

The transaction for the Hyatt Regency Orlando, the largest for a US hospitality asset so far this year, is a result of a disposition strategy set in 2021.

Adam Hines joins Hines’ office of the CEO

The executive’s promotion to chief of staff follows a senior management reshuffle announced at the end of July.

DOWNLOAD: H1 2024 fundraising remained in the doldrums

With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.

Henderson Park eyes $1bn US capital haul following deals and appointments

The London-based firm is expanding in North America with an opportunity fund backed by the Arizona Public Safety Personnel Retirement System.

Moorfield raises £330m for ‘hub and spoke’ fund model

The UK manager has closed its fifth value-add diversified fund and is seeking further capital for sector-specific side vehicles.

JRK Property fund buys La Jolla resort for $165m

The purchase marks the fourth hotel deal for the manager’s first value-add hospitality fund.