Hospitality

Musings on Macau

320px-Macao_Hotel_Lisboa

I was recently part of a conversation about gaming real estate and someone brought up the subject of Macau, China’s so-called “Monte Carlo of the East.” Macau, a former Portuguese colony, has been a major gambling hub since the mid-1800s,…

Olympic Real Estate

sochi

Since commercial real estate is such a large, long-lasting asset class, it’s performance is fairly impervious to all but the most significant social, economic, and political shifts. Real estate is affected by trends more than events; a singular event must…

Think… Small

MadisonHotelFront

I’ve been writing a lot about hotels lately, mainly because of our recently completed and highly successful Independent Lodging Congress here in Philadelphia. Lodging properties are an interesting asset class; they are constantly evolving to meet the needs of the…

Big Chains and Local Flavors

genos steaks phila

No matter where you go throughout the world, odds are you’re going to see a tension between new development activities and small, established businesses. As cities grow and attract new residents and commercial opportunities, older businesses–accustomed to a certain status…

The State of Lodging in Philadelphia

15th and chestnut philadelphia hotel

I want to thank the many members of the commercial real estate and hospitality industries who joined us for the first annual Independent Lodging Congress here in Philadelphia. It was a fun, vibrant, and very informative event and we certainly…