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Commercial Real Estate, Mall, Hotel, Office Collapse Will Drag US Economy


Joe Raedle/Getty Image
Commercial real estate hotels, malls, offices are facing down massive post-pandemic problems.
We can all see the work from home and ecommerce trends coming and the CRE disaster seems like a slow motion trainwreck.
And that trainwreck could drag the rest of the US economy down with it.
This is an opinion column. The thoughts expressed are those of the author.
Back in 2016, a colleague of mine, Michelle Wuc ker, published a terrific book entitled The Gray Rhino. The title alludes to humans stalking the grey rhinoceros, a species widely known to be jittery and prone to charge and maim. Yet the awareness of their likely behavior does not deter the curious from getting closer for a look.     ....

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Commercial real estate is stuck in a slow motion train wreck


Commercial real estate is stuck in a slow motion train wreck
[email protected] (Daniel Alpert)
© Joe Raedle/Getty Image
A shopper walks past vacant store fronts at the Mall of the Americas on April 07, 2021 in Miami, Florida. Joe Raedle/Getty Image
Commercial real estate - hotels, malls, offices - are facing down massive post-pandemic problems.
We can all see the work from home and ecommerce trends coming and the CRE disaster seems like a slow motion trainwreck.
And that trainwreck could drag the rest of the US economy down with it.
This is an opinion column. The thoughts expressed are those of the author. ....

United States , New York , Joe Raedle Getty , Payment Protection Program , Str Inc , Getty Image , Michelle Wuc , Gray Rhino , New York City , Work Index , Great Recession , ஒன்றுபட்டது மாநிலங்களில் , புதியது யார்க் , கட்டணம் ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , ஸ்ட்ர் இன்க் , கெட்டி படம் , சாம்பல் காண்டாமிருகம் , புதியது யார்க் நகரம் , வேலை குறியீட்டு , நன்று மந்தநிலை ,

Xenia Hotels & Resorts Reports First Quarter 2021 Results


Xenia Hotels & Resorts Reports First Quarter 2021 Results
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ORLANDO, Fla., May 6, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter ended March 31, 2021.
First Quarter 2021 Highlights
Adjusted EBITDAre: Adjusted EBITDAre was $(3.6) million.
Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.18).
Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the first quarter. These properties achieved RevPAR of $65.70, as a result of occupancy of 34.8% and an ADR of $188.68.
Same-Property Hotel EBITDA: Same-Property Hotel EBITDA was $95 thousand.
Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA Margin was 0.1%. ....

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