Penn State to honor Leland Pillsbury, Ira Lubert with hospitality awards
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 September 2026: $375.2M across 6 reported transactions. All Hospitality coverage →
Computed from Real Estate Trail’s own tracked coverage
Penn State's School of Hospitality Management will honor Thayer Lodging co-founder Leland Pillsbury and private equity veteran Ira Lubert at its 2027 PSHRS Industry Awards, marking the school's 90th anniversary.
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