December 10, 2020

COVID continues to clobber hotel revenues in Dallas, report says – Dallas Business Journal

Dallas-Fort Worth hotel occupancy in the third quarter of this year fell almost 27 points to 38.2 percent compared to the same period a year ago — the lowest occupancy in the state’s major metros. Daily rates fell 19.7 percent to $87.13 for the quarter. Revenue per available room in DFW dropped by more than

COVID continues to clobber hotel revenues in Dallas, report says – Dallas Business Journal Read More »

Hyatt Place in N. Austin sells at auction; Deal brokered by CBRE, Ten-X – Austin Business Journal

The average value decline for hotels has been about 20%, according to CBRE. The steepest declines have been in high-end properties. That matches up with data from San Antonio-based Source Strategies Inc., which reported Dec. 3 that revenue at Texas hotels in the third quarter was down more than 40% from a year prior. In

Hyatt Place in N. Austin sells at auction; Deal brokered by CBRE, Ten-X – Austin Business Journal Read More »

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