News

History Rhymes

It was announced today that The Blackstone Group is teaming up with Starwood Capital to buy Extended Stay America (link below). It conjures up the old Mark Twain quote that “History Doesn’t Repeat Itself, but It Often Rhymes.” Both … Read More »

History Does Not Always Rhyme

We recently came across an interesting piece of data as it relates to the hotel business. Distressed hotel sales totaled $771M globally in 2020, far lower than the $2.2B recorded in 2019 or the $8.8B of sales closed in 2010, the peak year for hotel d… Read More »