Extell’s Post

Always good to see some positive news in the CRE market. Thriving Construction: Miami is buzzing with activity as over 1,100 hotel rooms are currently under construction and slated to open this year. This impressive number marks a significant increase from the 423 room openings in 2023. Consistent Growth: From 2020 through 2022, an average of 1,700 rooms opened annually, reflecting the city’s commitment to hospitality and tourism. Miami Beach Spotlight: Miami Beach takes center stage, accounting for more than half of the rooms opening in 2024. Notable projects include:Collins Park Hotel: A 295-room gem, thoughtfully adapted from historic buildings within the Museum Historic District. It’s set to welcome guests in the spring. Thompson South Beach: A luxury 150-room haven, promising an unforgettable experience when it opens in the fall. citizenM Continues to Shine: The 168-room citizenM South Beach is scheduled to open in the fall. This marks Miami’s third new citizenM hotel in just two years, following the successful launches of citizenM Miami World Center (February 2023) and citizenM Miami Brickell (July 2022), both located in downtown Miami. Dreaming Big for 2025: The downtown area gears up for exciting hotel openings, including the Dream Miami at Riverside Wharf. This 165-room beauty will boast a private marina for VIP guests, a sprawling 30,000-square-foot rooftop pool deck, and a vibrant nightclub scene. New Brands on the Horizon:Treehouse Brickell: With 191 rooms, this Treehouse Hotel is making its Miami debut. It follows the success of Treehouse Sunnyvale in California (scheduled to open in 2024). Baccarat Hotel & Residences Miami: The brand’s second location, joining the iconic Baccarat Hotel New York (opened in 2015). Expect 249 rooms of elegance and sophistication. Miami’s skyline is evolving, and these upcoming hotels promise luxury, innovation, and unforgettable experiences for visitors. 🌴🌟 #Costar #hospitality #southfloridarealestate #economy #tourism #cre #cmbs

[NEWS] Washington School House Hotel hits market for $31 million PILOT HOTELS, owner of the luxury boutique Washington School House Hotel in Park City, Utah, has listed the property for sale at $31 million. Windermere Real Estate and Hudgens & Harrison are marketing the property, which is being sold for both hotel and private residential opportunities. Read the full article here> https://lnkd.in/eWpND4e2 Reading Time: < 1 minute #luxury #boutique #market #listing #property #opportunity

“Luxury is a degree of thoughtfulness. How thoughtful are we being toward the guests.” Scott Conant – James Beard Award Winning Chef – Intercontinental Buckhead, Atlanta, GA “I think the hotel industry has become sophisticated. There are two distinct sides: on one side, people are looking for unique luxury hotels but on the other, people are looking to cut costs. The challenge from an asset management point of view then becomes: how to wisely invest to get the best returns possible? So, we’re somewhere in the middle, trying to achieve and balance the best way to get a beautiful hotel design while also being cost-efficient. We always need to let something go to save costs. Every hotel needs to impress guests with a unique experience, but the biggest challenge is being cost-efficient while doing so”, stated G. Zhao, Director, Asset Management at Marriott International. Hoteliers, when renovating and refreshing guestrooms, controlling your costs is where you gain peace of mind, and that is real luxury. One way is by making the sustainable choice to refinish your FF&E and not replace it. Refinishing is the most efficient allocation of capital expenditure. Reinvest the incredible savings you gain into other critical areas of your hotel to give your guests that comfort and experiential luxury they expect such as upgraded cleaning, technology, security, HVAC and more. Maintain the luxury of your existing assets and reinvest for your guests. Call Jeanne Shannon at The Refinishing Touch at 1.800.523.9448 to review all your options for your guestroom renovation. We provide onsite, sustainable, FF&E full refinishing, re-engineering, solid surface replacement and much more. You will have peace of mind in choosing the experts in FF&E refinishing with 47 years of experience and over 8,000 completed hotel renovations. That is why we are the trusted and preferred supplier for HILTON and many brands. Learn more at https://lnkd.in/dnEzbNn.  #maintainassets #costeffective #reinvestforyourguests   #peaceofmind

🇨🇴 Hotel in Santa Marta on owned property having 25 rooms and amenities like a restaurant, bar, pool, and parking. Business for Sale - The owners are exiting this business as they are seeking to invest in the construction of other properties. Assets Overview - Physical assets include property, furniture, and fixtures. #hotelforsale #hotelrealestate #hotelbusinessforsale #hotelbusiness #colombianbusiness #businesscolombia #santamartacolombia #businessforsale

Mixed-use developments are multi-functional structures that consists of several-uses. Whether it be residential, commercial, retail, or recreational purposes, this type of project offers a unique all-in-one lifestyle to its residents. As we learn more about the concept of mixed-use developments, let’s focus more on Condotels. As we know, condotels are condominiums integrated with hospitality services managed by a hotel management brand. Nowadays, condominiums are a major factor in the development of luxury hotels. While condos are a financially sound investment, adding a hotel brand distinguishes and adds prestige to a project, making it stand out from the competition. Hotel brands appeal to international buyers, giving them a competitive edge that contributes to the absorption of sales. A "lifestyle" development is created when condos and hotels work together harmoniously to add in extra amenities like spas, restaurants, and upscale boutiques. These mixed-use developments, which resemble mini-malls, attract customers with added value, vibrancy, and convenience. Proving that they are prepared to pay for a well-planned and varied community. If you’re interested in learning more about Condotel projects, explore your opportunities with us by messaging us or email at inquiries@malvedaproperties.com, or give us a call at 0917 515 0123 for more info. #CitadinesSouthwoods #TheCeriseTower #SouthwoodsCity #Condotel #ServicedResidence #realestate #property #development #investment

Choice Hotels International just hit its 500th extended-stay property with Everhome Suites in Glendale, and we’re clearly leading the charge in this segment! Key Stats . . . . Everhome Suites - Over 60 projects in the pipeline with over 20 under construction now! The design is set to drive RevPAR while addressing demand for longer, value-focused stays. Openings are set to be one after the other every month going into the future! WoodSpring Suites - The juggernaut continues to accelerate with a record 25 openings by year-end and 300 open hotels in the next 12-18 months. With over 350 extended-stay properties in the pipeline, it’s exciting to be part of this dynamic growth! The demand is undeniable, and the focus on delivering affordability and flexibility will continue to be at the heart of what we do! Keith Jones Ron Burgett #hotelinvestment #hospitality #realestateinvestment #opportunity #choicehotels #woodspringsuites #everhomesuites #hoteldevelopment

Breaking news this Monday morning: sbe Lifestyle Hospitality and Sam Nazarian have announced the company's first two HQ properties. Detroit and Montreux conversions will launch the ‘smart lifestyle’ brand as 15 team members added to spearhead growth. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality #breakingnews

Great Skift story on how Choice’s strategic investments have turned Cambria into one of the biggest success stories in the upscale space. A smart concept and a focus on the most valuable design elements and amenities for guests and developers are just some of the reasons Cambria hotels are opening at a record pace and “driving comparable revenue per available room in the U.S. compared to competitor brands.” Check out the article here: https://lnkd.in/g9ZimGCU

Casinos are known to significantly impact the real estate market of the areas where they are located. Opening a casino will lead to increased demand for real estate, this is because casinos attract many tourists and visitors, which leads to an increase in demand for accommodation, restaurants, and other related services. This increased demand for real estate will lead to a rise in prices and high ROI. For those interested in investing in RAK, The Beach Residences & Townhouses on Marjan Island by Range are in my opinion the perfect option.

“Luxury is a degree of thoughtfulness. How thoughtful are we being toward the guests.” Scott Conant – James Beard Award Winning Chef – Intercontinental Buckhead, Atlanta, GA “I think the hotel industry has become sophisticated. There are two distinct sides: on one side, people are looking for unique luxury hotels but on the other, people are looking to cut costs. The challenge from an asset management point of view then becomes: how to wisely invest to get the best returns possible? So, we’re somewhere in the middle, trying to achieve and balance the best way to get a beautiful hotel design while also being cost-efficient. We always need to let something go to save costs. Every hotel needs to impress guests with a unique experience, but the biggest challenge is being cost-efficient while doing so”, stated G. Zhao, Director, Asset Management at Marriott International. Hoteliers, when renovating and refreshing guestrooms, controlling your costs is where you gain peace of mind, and that is real luxury. One way is by making the sustainable choice to refinish your FF&E and not replace it. Refinishing is the most efficient allocation of capital expenditure. Reinvest the incredible savings you gain into other critical areas of your hotel to give your guests that comfort and experiential luxury they expect such as upgraded cleaning, technology, security, HVAC and more. Maintain the luxury of your existing assets and reinvest for your guests. Call Jeanne Shannon at The Refinishing Touch at 1.800.523.9448 to review all your options for your guestroom renovation. We provide onsite, sustainable, FF&E full refinishing, re-engineering, solid surface replacement and much more. You will have peace of mind in choosing the experts in FF&E refinishing with 47 years of experience and over 8,000 completed hotel renovations. That is why we are the trusted and preferred supplier for HILTON and many brands. Learn more at https://lnkd.in/dnEzbNn. #reinvestforyourguests #maintainassets #fullyrefinishFFE #costeffective #savings #peaceofmind #sustainability #reduceCO2