Stranded Hotels: A $140 Billion Wake-Up Call

Stranded Hotels: A $140 Billion Wake-Up Call

A stranded property is one that becomes economically obsolete due to failing to meet new regulatory or market expectations. For commercial real estate, this often means properties that don't comply with new energy efficiency and carbon emission standards. The scale of this issue is staggering: according to projections from the Carbon Risk Real Estate Monitor (CRREM), up to $9 trillion in US Commercial properties are expected to become stranded in the coming years. Within this alarming trend, the hospitality sector faces a particularly acute challenge. Read More on Stranded Hotels and how CIRQ+ can help.

3️⃣🖨️ World's First 3D-Printed Hotel Takes Shape in Texas

The world’s first 3D-printed hotel is under construction in Marfa, Texas, and is set to revolutionize the hotel industry. Using advanced 3D printing technology, the hotel aims to offer sustainable and customizable lodging options. This groundbreaking project could pave the way for more eco-friendly construction in hospitality. Read more.

🤹‍♂️ Former Trump Hotel Waldorf Astoria DC Gets Contract from OKC Investors

Oklahoma City investors have secured a contract to manage the former Trump International Hotel in Washington, now operating under the Waldorf Astoria brand. The iconic property, located near the White House, will be reimagined with new leadership and strategic vision from the Oklahoma-based investment group. Read more.

🛠️ Bricton Group Takes on Management of Chicago Hotel

The Bricton Group has taken over management of a prominent Chicago hotel as part of its expanding portfolio. Known for its expertise in the hospitality industry, the group plans to revitalize the property with its hands-on management approach and a focus on guest experience. Read more.

✊ Hotel Workers in Hawaii Join Nationwide Strike for Better Conditions

Hawaii hotel workers have joined a nationwide strike demanding improved working conditions, wages, and benefits. The strike is part of a larger movement across the U.S. in response to increasing workloads and stagnant wages, putting pressure on the hospitality industry to meet worker demands. Read more.

🏗️ Dakota Hotels to Build 154-Bedroom Hotel in Manchester

Dakota Hotels has announced plans to build a new 154-bedroom hotel at Manchester's Mix development. The luxury hotel will feature modern amenities, a rooftop bar, and high-end dining, making it a key addition to the city's growing hospitality scene. Read more.

🏎️💨 Virgin Hotels Adds Two New Executives Amid Expansion Plans

Virgin Hotels has strengthened its executive team by appointing two new leaders to support its ongoing expansion efforts. The company is focusing on growth in key markets, and these strategic hires are expected to help steer the brand's future development and innovation. Read more.

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Image source: Construction Specifier