- Reuters
Hotel executives set sights on empty office buildings as supply lags demand
Hotel executives are surveying vacant office and residential buildings in prime locations from the U.S. to China to drive supply growth as financing challenges for new construction hinder efforts to maximize buoyant demand. Hotel supply growth in 2024 is hovering under 1% compared to 30-year averages of 2.5%, but with commercial assets sitting empty around the world, hotel operators are scouting unique conversion opportunities. Marriott, known for its Ritz-Carlton and Sheraton brands, this week announced Project Mid-T in North America, its latest effort to convert existing hotels or commercial assets such as offices into mid-scale hotels at lower costs.
- Zacks
Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- Zacks
Why Is Hilton Worldwide (HLT) Down 1.9% Since Last Earnings Report?
Hilton Worldwide (HLT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
