Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about improved business travel and shuttering fast-food restaurants.
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Today’s issue is sponsored by BTR Summit — Atlanta 2026. High-signal. Recognizable names. Curated attendance. Request an invitation here → link
BUSINESS BOOST: Major hotel chains say surge in business travel is driving force behind recovery. Read more here.
FROSTY RECEPTION: Wendy’s has closed 245 restaurants this year and plans to shut more. Read more here.
BILLION-DOLLAR BREAKUP: Blackstone, Crestpoint, and others are in talks to buy Canadian H&R REIT assets valued at $4.8B. Read more here.
BUY BUY BROADWAY: Mari buys theater owner ATG Entertainment in deal estimated at $6B. Read more here.
EXTENDED STAY: My Place Hotel opens in Charlotte Co., FL, fills extended-stay gap. PLAYERS: Ryan Rivett, Marlo Signoracci. Read more here.
EXTENDED STAY: Summit Hotel Properties REIT launches $200M equity program. Read more here.
BOUTIQUE: PM Hotel Group commences management of The Quoin Hotel in Wilmington, DE. Read more here.
BOUTIQUE: Lark Hotels partners with Airbnb to offer boutique hotels on platform. PLAYERS: Lou Zameryka, Robert Blood. Read more here.
BOUTIQUE: First boutique hotel in Longmont, CO, opens. PLAYER: Joseph Thrash. Read more here.
BTR SUMMIT - PANELISTS ANNOUNCED
Join hundreds of BTR owners, developers, investors, and brokers for a premier build-to-rent event in Atlanta on November 10th. Hear from the CEOs of Parkland Residential, ARK Homes For Rent, Trilogy Investment Company, Center Park Group, Jim Chapman Construction, Laseter Development Group, and more!
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*Only a handful of Early Bird tickets remain at a $100 discount
GOLF COURSE: Longtime member buys Boston-area Indian Pond Country Club for $12M. Read more here.
GOLF COURSE: Blackberry Ridge Golf Club in Sartell, MN sells for $2.2M. Read more here.
ARENA: Behind the bidding war for the Oakland Arena and Coliseum. Read more here.
SPORTS CENTER: Clearwater, FL, City Council votes to continue talks on proposed $180M sports center at The Landings Golf Club. Read more here.
CAMPGROUND: Planned RV park project in Delaware moves forward after long stall. Read more here.
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Disclaimer: The authors of CREalts are not finance or tax experts. This email is for educational use and not financial advice. Do your own research and consult with professionals before making financial decisions. Our content, which may contain affiliate links and sponsor posts, is subjective and not to be used as the only basis for such decisions. We are not responsible for any losses from relying on this information. Past performance of any asset is not indicative of future results.
