Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession.
/PRNewswire/ Lodging Dynamics Hospitality Group (Lodging Dynamics), a leading hotel management company, has been appointed to manage The Charter Hotel.
Dynamic City Capital (DCC), a Utah-based real estate investment firm focused on acquiring and developing premium-branded hotels, announced the acquisition of The Charter Hotel Seattle, Curio Collection by Hilton® (Charter Hotel). The Curio Collection by Hilton is a global, upscale portfolio of one-of-a-kind hotels in select markets. The Charter Hotel is the only Curio Collection by Hilton hotel in the Seattle/Bellevue market. The hotel initially opened in 2018.