According to the report, the sector witnessed a significant growth of 31% in revenue per available room in Q4 2023, compared to Q3 2023.The fourth quarter saw consistent growth in average daily rates due to factors such as weddings, corporate and social MICE events, leisure travel, and year-end festivities, as per the report.
Amalgamated Bank lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,412 shares of the financial services provider’s stock after selling 854 shares during the quarter. Amalgamated Bank […]
SAN DIEGO, CA - JLL Capital Markets announced today that it has arranged the $10.6 million refinancing of Azul Luxury Residences, a 49-unit multi-housing community located in Stuart, Florida.
JLL worked on behalf of the borrower, Diversyfund, to secure a $9 million senior mortgage loan and a $1.6 million mezzanine loan through SteepRock Capital.
Built in 2019, the three-story Azul Luxury Residences features one-, two- and three- bedroom spacious units with 10-foot ceilings, balconies, walk-in.
DALLAS, TX – JLL Capital Markets announced today that it has arranged a construction loan for The Grove at La Frontera, a to-be-built, best-in-class mixed-use multi-housing community located within the DFW metroplex in Arlington, Texas. Once complete, the Grove at La Frontera will feature three distinct uses, which include 336 mid-rise apartments, 60 bungalow-style single-family rental units and 10,000 square feet of ground-floor retail.
JLL worked on behalf of the borrower, Zale.
India s physical retail market is set to see a robust supply of nearly 41 million sq ft of retail developments between 2024 and 2028 across the top 7 cities. Delhi-NCR will have the majority share, followed by Chennai, Bengaluru, and Hyderabad. Large foreign institutional investors hold around 24% of the new supply. The operational retail developments currently stand at 91 million sq ft and are expected to increase by 45% to reach 132 million sq ft by 2028. Mall developers are focusing on building larger-sized malls to offer a better shopping experience.