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Your Next Airbnb Host Could Be a Private-Equity Firm
  + stars: | 2023-11-07 | by ( Craig Karmin | ) www.wsj.com   time to read: 1 min
Private-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels and short-term rentals on websites like Airbnb . Other private-equity firms, publicly traded companies like Invitation Homes and many institutional investors have been active buyers of single-family homes for years, leasing their properties for a year or longer.
Organizations: TPG, Invitation Locations: Florida
Craig Karmin — Editor at The Wall Street Journal
  + stars: | 2023-08-25 | by ( Craig Karmin | ) www.wsj.com   time to read: 1 min
Craig KarminCraig Karmin is the real estate bureau chief for The Wall Street Journal. Prior to that he was the markets editor for the Journal’s finance group. Craig earlier worked as a reporter at the Journal, where he covered the hospitality industry and real estate. Craig holds political science and journalism degrees from University of California, Berkeley, and he won a National Association of Real Estate Editors award for his story about prisons that were converted into hotels. His book, “Biography of the Dollar,” was a best-seller and has been translated into several languages.
Persons: Craig Karmin Craig Karmin, Craig, Organizations: The Wall Street, Hill, Washington , D.C, Soviet Union, Eastern Bloc, University of California, National Association of Real Estate Locations: Washington ,, Prague, Soviet, Berkeley
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/real-estate/luxury-homes/new-yorks-famous-gramercy-park-hotel-to-reopen-after-renovations-under-new-operator-3a8ed792
Persons: Dow Jones Organizations: gramercy
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/new-york-landlord-vornado-bets-1-billion-that-more-commuters-will-return-120ba6e9
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/two-of-new-yorks-most-famous-hotels-plan-their-postpandemic-comebacks-708cd943
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/four-seasons-and-miami-developer-to-open-vatican-city-hotel-59c1fadd
A sale of the Diplomat, expected to close as soon as Friday, would be the latest sign that Florida resorts are in high demand. A pair of investors has agreed to pay $835 million for the Diplomat Beach Resort in south Florida, a deal that would represent the biggest U.S. hotel sale during the Covid-19 pandemic period. Trinity Investments, the Honolulu-based real estate investment firm, and Credit Suisse Asset Management, have agreed to buy the Hollywood, Fla., hotel in a deal that could close as soon as Friday, according to people familiar with the matter.
Field & Stream Lodge hotels, such as the one depicted in this rendering, are planned around national parks and other scenic destinations. Real-estate investor and hotelier Barry Sternlicht , known for sleek, design-oriented lodging brands like W Hotels and the Baccarat Hotel, is launching a new hotel chain to celebrate the great outdoors. Field & Stream Lodge Co. will operate hotels around national parks, woods, ski mountains, lakes and desert land across the U.S. It is aimed at families and outdoor enthusiasts, Mr. Sternlicht said. His real-estate firm sold the outdoor-recreation retailer of the same name in 2014 but retained the company’s lodging rights.
During the pandemic Richard Born realized that he needed to diversify, so now he is going big in West Palm Beach. Richard Born is among New York City’s biggest hotel owners. One of the lessons he learned during the Covid-19 pandemic, when his properties were shut down for months, was a need to diversify his business. “I was highly concentrated in New York and highly concentrated in hospitality,” said Mr. Born, who through his company BD Hotels and other partnerships owns and operates 24 hotels with around 4,000 rooms in the city.
A Chinese company is looking to sell three major U.S. resort hotels at a combined price tag of $1.3 billion, seeking to cash out these holdings during a powerful surge in leisure travel and resort business. Dajia Insurance Group Co. is putting up for sale the Montage in Laguna Beach, Calif., the Four Seasons resort in Jackson Hole, Wyo., and the Four Seasons in Scottsdale, Ariz., according to people familiar with the matter. BofA Securities Inc. and real estate banking and brokerage firm Eastdil Secured LLC are marketing the hotels on behalf of the seller, these people said.
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