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Hotel investor with $1bn bets on business travel rebound


MONEYWEB
app instead?
As vaccinations fuel optimism about a travel recovery.
By Patrick Clark, Bloomberg
14 Mar 2021 
00:44 
Image: Bloomberg
Pent-up vacation demand has boosted investor demand for beach resorts and roadside hotels. That crowded wager is already pushing one investor to explore ways to bet on business travel.
Dreamscape Cos chief executive officer Eric Birnbaum said his firm, which has more than $1 billion to buy hotels, sees more opportunity to acquire lodging properties that cater to business clientele, despite corporate America’s hesitance to put workers back on the road.
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United States , Rittenhouse Square , Eric Birnbaum , Michael Fascitelli , Michael Bellisaro , Us Small Business Administration , Warwick Hotel , Robertw Baird Co , Vornado Realty Trust , Aimbridge Hospitality , Business Administration , ஒன்றுபட்டது மாநிலங்களில் , ரிட்டெண்ொசெ சதுரம் , எரிக் பிர்ன்பாம் , வார்விக் ஹோட்டல் ,

Hotel investor with $1 billion bets on business travel rebound


Hotel investor with $1 billion bets on business travel rebound
Dreamscape Cos. partners with Plano-based Aimbridge Hospitality to find properties that cater to business travelers.
The Renaissance Charleston Historic District in South Carolina is one of the many properties in Plano-based Aimbridge Hospitality s portfolio. It s teaming up with Dreamscape Cos. chief executive officer Eric Birnbaum to buy and operate hotels that cater to business travelers.(Aimbridge Hospitality / Aimbridge Hospitality)
Pent-up vacation demand has boosted investor demand for beach resorts and roadside hotels. That crowded wager is already pushing one investor to explore ways to bet on business travel.
Dreamscape Cos. chief executive officer Eric Birnbaum said his firm, which has more than $1 billion to buy hotels, sees more opportunity to acquire lodging properties that cater to business clientele, despite corporate America’s hesitance to put workers back on the road. ....

United States , Rittenhouse Square , Eric Birnbaum , Michael Fascitelli , Michael Bellisaro , Us Small Business Administration , Warwick Hotel , Robertw Baird Co , Vornado Realty Trust , Aimbridge Hospitality , Business Administration , ஒன்றுபட்டது மாநிலங்களில் , ரிட்டெண்ொசெ சதுரம் , எரிக் பிர்ன்பாம் , வார்விக் ஹோட்டல் ,