Article - The Omni Homestead Resort in Hot Springs, VA Unveils $150+ Million Property-Wide Renovation - The iconic resort, known as Americas first resort, has expanded its event and meeting spaces as part of an overall $150+ million-dollar property-wide renovation.
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Though overall investment volume for new properties is down almost 70%, according to CoStar Group, hotel and hospitality investors are not letting a lack of bank funding and high-interest rates stall their enthusiasm to buy already existing properties. A recent report from JLL showed record sales this year for existing high-quality assets located in desirable and growing markets. But what's being done with the properties after purchase has become a talking point for many investors and hospitalit