Rising Costs Crimp Hotel Industry’s Bottom Line
Hotel developers and owners turn to Pinnacle Advisory Group and its new managing principal, Sebastian Colella, for advice on how to pivot to profitability.
Hotel developers and owners turn to Pinnacle Advisory Group and its new managing principal, Sebastian Colella, for advice on how to pivot to profitability.
Boston has one of the most balanced bases of demand in the country, little prospect of adding new hotels and has three big demand-drivers ahead this summer.
It is an understatement to say that hotels are different from other CRE investments. To understand why, you have to understand hotel management agreements.
Decades after they roomed together at Boston College, Lucian McPherson and Kevin Mapp went into business full-time to accelerate the growth of McPherson Development.
Old-style duplexes make up only 3 percent of new homes in Massachusetts. But CDCs like OneHolyoke are keeping them alive in the state’s Gateway Cities.
They’ve been launching pads for families to obtain a better life. But Massachusetts is neglecting support for homeownership and entrepreneurship.
Massachusetts’ 26 Gateway Cities are important hubs, cultural centers and seats of government. They also have large sites ready for development and redevelopment.
The MGM casino revitalized an area of the city heavily damaged in a 2011 tornado. It’s now generating millions of dollars in taxes and thousands of permanent jobs.
Skyrocketing rents, tougher eviction laws and increasingly sophisticated AI tools are all fueling a spike in rental-application fraud across Massachusetts.
By focusing so intently on rental development and preservation, Massachusetts also risks neglecting the importance of addressing barriers to homeownership.
As we approach 2026, transaction volume in the Greater Boston multifamily market has rebounded, and investors remain bullish about the region.
James Keefe arrived at his family’s Boston-based development firm, Trinity Financial, in 2024 just in time to take a key role managing a pair of major local projects.
The transformation of 1200 Massachusetts Ave. in Harvard Square blends architectural preservation, modern innovation and a reinvestment in the cultural and residential fabric of Cambridge.
Massachusetts must center design throughout the entire life cycle of housing: how we regulate, finance, build and live together.
It’s been over 40 years since Tom Hastings started his homebuilding odyssey with the innovative Leisurewoods 55-and-over development in Rockland. Along the way, he’s turned bunkers into housing and helped transform the Hingham Shipyard.
Vacancy reached a new all-time high of 36.1 percent and asking rents continued to decline. But green shoots give reason for hope.
Economic and political headwinds have dampened travel spending and kept hotel operators focused on managing rising costs. Next year could be better.
Boston office-to-residential conversions are in danger of getting too expensive. Developers rushing into the space are bidding up the price of the few financially feasible buildings left.
The Massachusetts Appeals Court declined to hold an architect liable for advising its municipal clients to avoid working with a particular construction company.
We took a nondescript midcentury office building and designed a new home for the Boston public school that had educated Samuel Adams and Paul Revere.