Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about Pizza Hut trading hands and geopolitical effects on industrial CRE.
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CHEESY DEAL: Yum Brands sells floundering Pizza Hut chain for $2.7B. Read more here.
OIL’S WELL? How Iran war, rising energy prices are shaping the US industrial CRE market. Read more here.
ACTION, PACKED: Commercial tenant hits CoStar, CBRE, Colliers, CushWake, JLL, and Newmark with class-action lawsuit, conspiracy claims. Read more here.
BIG BOX: Handful of retail companies dominates multiple categories. Read more here.
LUXURY: Delano Miami Beach reopens in South Beach after intensive refurbishment. Read more here.
LUXURY: Braemar Hotels & Resorts sells 3 luxury properties in Florida and California for $437.5M. Read more here.
CONVERSION: Omni Lifestyle Living buys Manhattan Marriott for $40M, plans hotel-to-senior-living conversion. Read more here.
EXTENDED STAY: Lodging Advisory Group sells 16-property Extended Stay America portfolio. PLAYERS: Scott Stephens, Herb Warmbrodt, Michael Armstrong, Jon Grantham, Jeffrey Duni, Adam Lallani, Jacob Zeiss, Clara Griffin. Read more here.
BOUTIQUE: EOS Investors buys The Press Hotel in Portland, ME. PLAYERS: Jenna Kronenfeld, Simon Mais. Read more here.
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COUNTRY CLUB: Heritage Golf Group buys The Palisades Country Club in Charlotte, NC. PLAYER: Mark Gore. Read more here.
COUNTRY CLUB: KSL buys Invited Clubs from Apollo for $3B. Read more here.
ENTERTAINMENT RETAIL: Indoor trampoline centers, escape rooms, obstacle courses take place of empty mall anchors. Read more here.
MARINAS: Grand Banks Yachts expands onto West Coast. 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.
