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Forecast: 2,165 hotels planned for Americas
posted on Jul 08 20

The Americas boast a pipeline of 2,165 hotels, the bulk of them planned for North America, according to an analysis by TOPHOTELPROJECTS. While uncertainties from the pandemic loom over the coming years, the projection for 2021 is 648 openings. Read the TopHotelNews story here

Posted by: Mike Pallerino
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Outlook: Full US hotel rebound unlikely before 2023
posted on Jul 08 20

The recovery now underway won’t return US hotel demand to pre-pandemic levels before 2023, STR and Tourism Economics conclude from the latest data. The revised forecast shows slight improvement for 2020 over previous projections, but demand is not expected to match 2019 for 11 quarters. Read the Business Travel News story here

Posted by: Mike Pallerino
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Beverly Hills site eyed for $2B hotel-condo build
posted on Jul 08 20

A tandem of local and London-based owners of prized land near the Beverly Hilton hotel in Los Angeles plans a $2 billion hotel and condominium complex festooned with lavish botanical gardens. Alagem Capital Group and partner Cain International of London bought the property from Beijing-based Dalian Wanda Group for $445 million in 2018. Read the Los Angeles Times story here

Posted by: Mike Pallerino
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Walgreens goes small, personal at new pharmacy concept
posted on Jul 08 20

Walgreens Boots Alliance is testing a small-format pharmacy in upwards of 30 locations, with plans to expand the concept if it proves successful, the retailer said. The stores feature a streamlined merchandise selection and will focus on forging relationships between customers and pharmacists. Read the CNBC story here

Posted by: Mike Pallerino
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Atlanta developers dream big with forthcoming hotels
posted on Jul 03 20

Selig Development is working on the $530 million 1105 Peachtree in Atlanta, a mixed-use project that will include a 178-room Epicurean Hotel. CIM Group plans to include hotels in its $5 billion multiuse project on 40 acres of The Gulch in downtown Atlanta, and Urban Creek Partners is eyeing a 300-room hotel in its 70-acre Quarry Yards mixed-use project. Read the Bisnow/Atlanta story here

Posted by: Mike Pallerino
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