Extell’s Times Square Supertall Project Has Its Anchor Hotel
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed hospitality deal value tracked in October 2026: $1.2B across 10 reported transactions. All Hospitality coverage →
Computed from Real Estate Trail’s own tracked coverage
Gary Barnett ’s plans for his Times Square supertall hotel, known as the Torch , just hit another milestone. Hyatt Hotels was named Extell Development ’s official hospitality partner for the 740 Eighth Avenue tower on…
External link. Real Estate Trail does not republish source content.
Related coverage — Hospitality
Your Operator Is a Staffing Company With a Logo. The VCs Just Figured It Out.
Thayer Ventures co-founder Chris shares lessons from travel tech investing: why AI will reshape hotel distribution, why 2027 is the inflection point for agentic operations, and why the hotel operating model is overdue…
Elevating the Swiss Resort Experience With Canary and Protel at Bergwelt Grindelwald
Bergwelt Grindelwald deployed Canary's guest management suite with Protel PMS, saving 25+ staff hours monthly and generating over CHF 500,000 in upsell revenue since November 2024.
Hyatt Builds on Record Growth in Canada with New Hotels Across Its Brand Portfolio
Hyatt's Canadian portfolio has quadrupled in under a decade, with 40+ deals in the pipeline and 10 openings targeted for 2027, including new brands Hyatt Select and Hyatt Studios.
257-Room Dual-Branded Hotel to Open in N. Phoenix
Plaza Companies and Fayth Hospitality will break ground on Hotel Six Four, Mayo Blvd, a new 257-room dual-brand Hilton hotel at the southeast corner of 64th Street and Mayo Boulevard in North Phoenix. The six-story ho…
Canada’s Hotel Construction Pipeline Reaches Record-High Project and Room Counts at Q3 Close
Canada's hotel pipeline hit a record 355 projects and 49,209 rooms in Q3 2026, led by Ontario, BC, and Quebec, with LE forecasting 36 new hotel openings by year-end.
Nelsen Architects Launches Nomad Hospitality Interiors, Expanding Luxury Hospitality Design Platform with Early Projects Throughout US
Nelsen Architects has launched Nomad Hospitality Interiors, a new independent luxury interiors studio led by Heather Chilton-Gantt, with early projects including the La Posada de Santa Fe renovation.