Wave Of New Development Coming To Mattapan As City Plans For Growth

Hotel owners and operators are clearing out the final debris from the pandemic-era truck that slammed into the industry.

Leisure travel came roaring back in 2021 and 2022 as the health crisis subsided and people booked long-awaited vacations, but the unanswered question that has given hotel executives anxiety over the last year is whether business travel would ever fully return to pre-coronavirus levels. The answer is now becoming clearer.

New financial data and commentary from the nation’s largest hoteliers over the last two weeks show the market’s business-related demand segments this year have reached or closely approached 2019 levels. This recovery drove several of the largest hotel owners and brands to report higher-than-expected earnings to begin 2023 and to…

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Once such champions of the asset class that they staked their profits and investors’ money on office buildings, REITs that have specialized in offices are diversifying their holdings, either through development or acquisition, making them the latest segment of commercial real estate to pull away from the troubled office market.

It’s not absolute — there are some that remain committed to office as an investment — but the growing number of companies that have pivoted to other property types signifies a coming shift in the way major investors spend their money.

“It's important not to paint all of the office REITs with the same brush, since some office REITs are still doing well, such as those that specialize in high-quality properties in the Sun Belt,” Wide Moat Research CEO Brad Thomas said. “But as a sector,…

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