Friday, March 18, 2022

She Has a Deal Announces CHMWarnick as Advisor & Educating Sponsor

 

Tracy Prigmore

TYSONS CORNER, VA — She Has a Deal (SHaD), a real estate investment platform that creates new pathways to hotel ownership and development for women, announced that CHMWarnick, the leading provider of hotel asset management and owner advisory services, will provide long-term guidance as an asset management advisor and “educating sponsor” for the organization to successfully operate the assets it acquires, develops and/or owns.

 “This generous investment enhances the knowledge and skills of our team to be at the cutting edge of asset management,” said Tracy Prigmore, founder, SHaD.

  “Our investors and partners can be assured that the hotel assets that SHaD has under management will benefit from the expertise and firsthand knowledge imparted by CHMWarnick, the leading hotel asset management company in the industry.”

Kristie Dickinson

CHMWarnick will share best practices on asset management, prepare training modules for SHaD participants, and leverage Proph+IT™, the company’s revolutionary technology platform that harnesses the power of big data from an ownership lens to optimize hospitality investments. 

“She Has a Deal has taken meaningful strides to advance the role of women and create a pathway for ownership in the hospitality industry, a category not nearly enough females currently occupy,” said Kristie Dickinson, managing director/EVP, CHMWarnick.

 “As a company, we recognize the hospitality industry still has a long way to go when it comes to gender diversity, equality and inclusion.


 "However, we are encouraged by the work being done by organizations such as SHaD and the Castell Project to challenge the status quo, elevate women to leadership roles and create investment opportunities.

 "By working with Tracy to develop a best-in-class asset management platform for SHaD’s hospitality investments, we can contribute directly to the success of this next generation of hotel owners while fashioning a structure of oversight and value creation that the investment community has come to expect and is synonymous with CHMWarnick.”         

 For more information, please contact 978.522.7002 or visit www.CHMWarnick.com

 For the latest company news, follow CHMWarnick on Twitter @CHMWarnick and LinkedIn.

 

Contact:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.cbre.com.

 

CBRE Forecasts Continued Hotel Recovery in 2022 Despite Increasing Risks

 

Rachael Rothman

Dallas. TX – CBRE Hotels Research has raised its forecast for 2022 average daily rate (ADR), Occupancy and Revenue per available room (RevPAR) to reflect the stronger-than-expected fundamental performance in the fourth quarter.

Other factors contributing to the improvement include below-average supply growth, strong domestic leisure trends, the resumption of inbound international travel and a predicted return to office later this year.

 CBRE made the changes despite heightened uncertainty and increasingly limited visibility due to geopolitical risks and inflationary pressure.

 “Higher room rates will lead to a quicker return to 2019’s nominal ADR levels,” said Rachael Rothman, CBRE’s Head of Hotel Research & Data Analytics. “But from a profitability perspective, inflation will be a headwind through higher utilities, supplies and labor.”

Bram Gallagher

The effects of inflation on ADR won’t be uniform. Bram Gallagher, CBRE Senior Hotel Economist said, “Historically, most hotels can respond to inflation with price increases, but only luxury hotels have demonstrated that they can exceed the pace of inflation to achieve real gains. Economy hotels have the most difficulty raising prices enough to keep up.”

 CBRE now forecasts RevPAR to reach 2019 nominal levels by Q3 2022 under CBRE’s base case scenario, rather than in Q3 2023, as previously forecasted.

The March 2022 edition of Hotel Horizons for the U.S. lodging industry,65 major markets, the six hotel chain scales and six location types can be purchased by visiting: https://pip.cbrehotels.com.

 

 

Contacts:


Kris Hudson

+ 1 214 863 3650

kris.hudson@cbre.com

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.cbre.com.

 

Stream Realty lands financing for The Quad, a new Uptown Dallas mixed-use development

 

Kristi Leonard

DALLAS, TX – JLL Capital Markets has arranged financing for the development of The QUAD, an exciting mixed-use development totaling more than 487,000 square feet of office and retail in the heart of Uptown Dallas.

 JLL worked on behalf of the borrower, Stream Realty Partners, to secure the construction loan through MSD Partners, L.P.

Colby Mueck
The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Colby Mueck and Jim Curtin, Managing Director De’On Collins and analysts Rex Cruz and Kristi Leonard.

 Stream acquired the 3.8-acre site in 2019 and has secured approvals to accommodate additional height and density requirements.

As such, the redevelopment will include the existing 131,000-square-foot office building alongside a brand new 335,000-square-foot creative office tower and five standalone retail bungalows totaling 14,800 square feet that will work together in concert to create a highly amenitized urban core destination.

 Boasting a 90+ WalkScore, The QUAD has an unrivaled Uptown location between Cedar Springs Rd. and McKinney Ave. and is within walking distance to more than 150 restaurants and bars, 25,000 multi-housing units, performing arts venues and urban green spaces such as Klyde Warren Park and the Katy Trail.

Jim Curtin

Planted among a strong and growing demographic base, The QUAD provides an opportunity for office and retail tenants alike to cement themselves in a location that has proven valuable to a desired demographic base.

The project’s cutting edge smart tech and world class digital art installation, along with its location, will serve as a marketing tool for office tenants to assist in the recruitment and motivation of the nation’s top talent while generating daily activation for the retail tenants.

 For the second consecutive year in a row, Dallas has been ranked the number one market for commercial real estate by Real Capital Analytics.

 Dallas has witnessed a 22% population growth from 2010 – 2020, outpacing the U.S. average three times and continues to see roughly 400 residents per day move to the Dallas Fort Worth metroplex.

 De’On Collins
In addition, the city has seen more than 144 corporate headquarters relocations in that same timeframe and there is strong job growth predicted through 2023 and beyond.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 For more news, videos and research resources on JLL, please visit our newsroom.

 About Stream Realty Partners LP

Stream Realty Partners (Stream) is a national real estate services, development, and investment company. To learn more about Stream, please visit: streamrealty.com.

 

Rex Cruz
About MSD Partners

MSD Partners, L.P. is a leading investment firm focused on maximizing long-term capital appreciation across its core areas of investing expertise – Credit, Growth, Private Capital and Real Estate. 

The Firm deploys capital on behalf of Dell Technologies founder and CEO Michael Dell and his family, as well as other like-minded, long-term-oriented investors. 

MSD Partners operates from offices in New York, Santa Monica and West Palm Beach. For further information, please visit msdpartners.com.

  

 Contact:

Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

 jll.com.