Blackstone recently sold the hotel, a project of casino developer Delbert Eugene Webb, for $725m.
Once more of a rarity in fundraising, rolling first closes are increasingly becoming a make-or-break factor for managers during a difficult capital-raising environment.
Inside: How hospitality is recovering from covid; Why social sustainability is a natural fit for hotels; Betting on casino resorts; Expert analysis from Arrow Global, Eurazeo and Rockbridge; Plus much more…
Inside: Why Canada’s largest pensions are revamping their private real estate platforms; The rise in rolling first closes; An ESG roundtable; Plus much more…
Taiwan-based insurance company backs a value-add fund.
The value of sustainable buildings should not be confused with the practice of sustainable investment in buildings, say GRESB’s Chris Pyke, chief innovation officer, and Parag Cameron-Rastogi, real asset analytics director.
An undisclosed ultra-high-net-worth individual purchased the revamped property from ActivumSG for €51m.
Victoria Sharpe, the UK banking group’s head of real assets, explains how the firm is building a different – and enduring – property business the second time around.
Managers are still focused on sustainability, even if the scale of future risks is not yet fully understood across the industry.
PERE examines five key trends, each presenting unique opportunities and challenges.