The CRE Insider
Just like office space and apartments, hotels are changing to reflect the preferences of Millennials. For the lodging industry, that means a shift toward do-it-yourself check-ins, smaller and less expensive rooms and high-energy common areas that convert from breakfast bars to co-working spaces
The economy is humming along, unemployment is low, spending is relatively strong and people are hitting the roads in increasing numbers on vacations across the region and country.
Since joining HFF’s Boston office to lead its New England hospitality practice, Denny Meikleham has helped it capture approximately two-thirds of hotel transactions in the market including nearly $1 billion worth of sales in 2016 alone.
While large-scale casino gambling projects capture public attention in Massachusetts, the Wampanoag Tribe of Gay Head (Aquinnah) hopes to build a bingo parlor on Martha’s Vineyard. A federal appeals court’s decision last month would allow the tribe’s hopes to become reality.
Hotel operators began 2016 with the understanding that the city’s group booking pace was off following a strong 2015 and that the market would experience its largest increase to rooms supply since 2003.
Our extensive portfolio of hotel design (and redesign) work has long positioned Arrowstreet’s team of architects and designers at the leading edge of hospitality trends.
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