Ed Brock is an award-winning journalist who has worked for various U.S. newspapers and magazines, including with American City & County magazine, a national publication based in Atlanta focused on city and county government issues. He is currently assistant editor at Asian Hospitality magazine, the top U.S. publication for Asian American hoteliers. Originally from Mobile, Alabama, Ed began his career in journalism in the early 1990s as a reporter for a chain of weekly newspapers in Baldwin County, Alabama. After a stint teaching English in Japan, Ed returned to the U.S. and moved to the Atlanta area where he returned to journalism, coming to work at Asian Hospitality in 2016.
MORE THAN A week after Hurricane Ian devastated parts of Florida, AAHOA is on the ground providing aid and training for members. Hoteliers in affected areas are now in the process of working with insurance companies to repair damages while also taking care of their communities’ basic needs.
On Sept. 28, Hurricane Ian brought massive flooding from its storm surge in Florida, where at least 119 people died as of Oct. 18, according to NPR. According to AAHOA, 65 percent of hotels in Florida are owned by its members.
Rahul Patel, AAHOA’s Florida director, owns five properties in the Fort Myers-Sarasota area. He was at his America's Best Value Inn in Fort Myers, Florida, during the hurricane.
“The hurricane pounded us for six to eight hours,” Patel said. “We had about four hours of strong sustained 150 mile plus hour winds. That's when all the till then we could only see signs breaking and air conditioning unit panels and stuff like that. Some roof. But after the four-hour mark, you know just things started falling apart. I mean roofs were going; every two minutes you’d see another roof flying.”
He also saw signs breaking, large HVAC units falling from roofs and trees snapping.
“It was chaos. We made sure that we had enough personnel at the hotel to help anybody out there because it was evacuation zone,” Patel said. “There were no 911 calls available. Basically, there was no support you could get in.”
Efforts to rebuild
When the storm had passed, however, about 50 hoteliers, many of whom are AAHOA members, from communities including Miami, Fulbright, Daytona Beach and Ormond Beach, voluntarily delivered trucks filled with boat supplies, water and snacks for children in these impacted areas.
Members of the Hindu Temple of Southwest Florida prepared food for the community donated by local hotelier volunteers.
“After the hurricane, we were able to make calls to each other, visited each other's property, saw what kind of damage anybody and everybody has sustained,” Patel said. “We wanted to stabilize everybody's lives.”
Along with the box trucks full of water and other supplies, they took cooked meals from Sarasota to Fort Myers for nearly 150 people for the first few days,
“There's a kitchen at the Hindu temple in Fort Myers and there's a full time cook for the whole year for multiple years now,” Rahul said. “What happened was they needed cleaning supplies, so we provided supplies, again in box trucks and when those supplies got there they started cooking for the entire community.”
Every town is rotated providing food while power remained unstable. Also, on Oct. 11, Rahul Patel, along with Laura Lee Blake, AAHOA president and CEO, and Bharat Patel, AAHOA’s national vice chairman and Sarasota hotel owner, met with Florida Congressman Byron Donalds to discuss the ongoing recovery. Jon Martin, candidate for Florida State Senator, also came to the meeting at the Riverview Inn in Fort Myers.
WiFi hotspots were brought from other cities as well for areas where the service was down, Rahul said.
“One big thing that is right now formulating to help is reconstruction supplies,” Rahul said. “AAHOA has great relationships with vendor partners like Lowe's, Home Depot, and many others and a lot of vendors who can help with rebuilding and whatever is needed in the different trades.”
The insurance equation
Rahul Patel and Bharat Patel had an official get together with the other affected hoteliers and shared knowledge of how insurance claims could be filed. They wanted to avoid what happened during Hurricane Irma in 2017 that also hit central Florida.
From left, Rahul Patel, AAHOA’s Florida director; Bharat Patel, AAHOA’s national vice chairman; Florida Congressman Byron Donalds; Jon Martin, candidate for Florida State Senate; and Laura Lee Blake, AAHOA president and CEO met on Oct. 11, at the Riverview Inn in Fort Myers, Florida to discuss the ongoing recovery from Hurricane Ian.
“There were claims that were made, which lasted about three years, and were unsuccessful,” Rahul said. “We did not want it hoteliers to go to the same mess again, so those were the things we discussed and then we consider all the options of what are the adjusters and claim management companies out there.”
Rahul said hoteliers pay high premiums, which increased 35 percent recently. They expect a return on that investment.
“So far, the majority of the hotels have not had the adjusters out, but the claims are happening,” Rahul said. “We want to make sure the ownership and people with technical knowledge are present to explain the kind of damage. That way the adjuster and the ownership are on the same page and hopefully that makes the claim much easier.”
Owners want their hotels to be perfectly fixed so they can get back to business, Rahul said. However, that’s often in conflict with the objectives of their insurance companies.
“Insurance companies are in business of making money for themselves as well, so it's kind of a struggle to make sure that they are paying us all the money needed,” he said. “They will try to they will try to save money for themselves.”
Bharat said he shared his experience with previous hurricanes.
“I've been through about 18 hurricanes now since the 1980s. I've only had to evacuate once,” he said. “Most AAHOA members have actually been through at least one or two hurricanes.”
Nevertheless, part of what he told his fellow Florida hoteliers is to take every storm seriously.
“The thing I want to get across is, just like mariners from 100 years ago, and in particular, you don't know when the hurricane is going to come and you always feel that you're lucky,” Bharat said. “But what AAHOA wants is to make sure is you're informed and you're prepared.”
He also said hoteliers with hurricane damage should not be in a rush to call their insurance companies.
“Take an assessment of what's going on and then pick and choose what you want to do, whether it's a public adjuster, or a claims management company, whatever you want to do, but don't be in a rush to just call your agent,” Bharat said. “Because the way things work now with insurance it just doesn't make sense to do it that way.”
The Trump administration says it is reviewing more than 55 million visa holders.
Reviews cover a wide range of visas for law enforcement and overstay violations.
The administration also suspended worker visas for foreign commercial truck drivers.
THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.
The State Department confirmed all visa holders are subject to ongoing review, which includes checking for overstays, criminal activity, threats to public safety or ties to terrorism. Should violations be found, visas may be revoked, and holders in the U.S. could face deportation, according to the Associated Press.
Officials said the reviews will include monitoring of visa holders’ social media accounts, law enforcement records and immigration files. New rules also require applicants to disable privacy settings on phones and apps during interviews. The department noted visa revocations since President Trump’s return to office have more than doubled compared to the previous year, including nearly four times as many student visas.
The administration also announced an immediate halt on issuing worker visas for foreign commercial truck drivers, with Secretary of State Marco Rubio citing road safety and competition concerns for U.S. truckers.
“The increasing number of foreign drivers operating large tractor-trailer trucks on U.S. roads is endangering American lives and undercutting the livelihoods of American truckers,” Rubio posted on X.
The Transportation Department linked the move to recent enforcement of English-language proficiency requirements for truckers, aimed at improving safety. The State Department later said it was pausing visa processing while it reviewed screening protocols.
Critics, including Edward Alden of the Council on Foreign Relations, warned the actions could have significant economic consequences.
“The goal here is not to target specific classes of workers, but to send the message to American employers that they are at risk if they are employing foreign workers,” Alden wrote, according to AP.
Data from the Department of Homeland Security shows there are 12.8 million green card holders and 3.6 million temporary visa holders in the United States. The 55 million figure under review includes many outside the U.S. with valid multiple-entry tourist visas.
Earlier this week, the State Department reported revoking more than 6,000 student visas for violations since Trump returned to office, including around 200 to 300 for terrorism-related issues.
The vast majority of foreign visitors require visas to enter the U.S., with exceptions granted to citizens of 40 countries under the Visa Waiver Program, primarily in Europe and Asia. Citizens of China, India, Russia and most of Africa remain subject to visa requirements.
A $250 Visa Integrity Fee in President Donald Trump’s Big Beautiful Bill drew criticism from groups that rely on seasonal workers from Latin America and Asia on J-1 and other visas.
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Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
The company promotes retroactive CPACE funding for commercial real estate development.
PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.
The 2,520-room Rio, now under the Destinations by Hyatt brand, was renovated in 2024 and comprises two hotel towers connected by a casino, restaurants and retail, Peachtree said in a statement.
“This transaction is a milestone for Peachtree Group and a testament to the ecosystem we have built over the past 18 years,” said Greg Friedman, Peachtree's managing principal and CEO. “Through our vertically integrated platform, deep expertise and disciplined approach, we have developed the infrastructure to be a leader in private credit. Our ability to deliver speed, creativity and certainty of execution positions us to provide capital solutions that create value for our investors and partners across market cycles.”
Atlanta-based Peachtree is led by Friedman; Jatin Desai as managing principal and CFO and Mitul Patel as principal.
The CPACE loan retroactively funded the renovations, allowing the owners to pay down their senior loan, the statement said. The property improvement plan included exterior work, upgrades to the central heating and cooling plant, electrical infrastructure improvements and convention center renovations.
Jared Schlosser, Peachtree’s head of originations and CPACE, said the deal marks an inflection point, with major financial institutions consenting to its use for the benefit of the capital stack.
“By closing quickly on a marquee hospitality asset, we were able to strengthen the position of both the owner and its lenders,” he said.
The CPACE market has surpassed $10 billion in U.S. originations in just over a decade, according to the C-PACE Alliance, with growth expected as more institutional owners and lenders adopt it.
“We see significant opportunity for retroactive CPACE and its use in funding new commercial real estate development,” Schlosser said. “It is an alternative to more expensive forms of capital.”
In June, Peachtree named Schlosser head of originations for all real estate and hotel lending and leader of its CPACE program. Peachtree recently launched a $250 million fund to invest in hotel and commercial real estate assets mispriced by capital market illiquidity.
Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.
SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.
The 2020-built hotel is less than 20 miles from Manhattan in a commercial corridor with major employers including Driscoll Foods, FedEx Group, Advanced Biotech, St. Joseph’s Wayne Hospital, and the Passaic County Administration, Hunter said in a statement. William Paterson University, Willowbrook Mall, and MetLife Stadium are also nearby.
It features an on-site fitness center, business center and indoor pool.
“The Home2 Suites by Hilton Wayne represents the type of asset we target,” said Patel. “Its proximity to major corporate demand generators, higher education institutions, and retail and entertainment venues supports strong performance.”
Hunter’s senior vice presidents, David Perrin and Spencer Davidson, brokered the transaction.
Patel said this is their second transaction with Hunter and praised the process and partnership.
“We look forward to building on the hotel’s recent performance and continuing to deliver guest experiences in the Greater New York City community,” he said.
Northstar Hotels Management recently acquired a 78-key Residence Inn and an 81-key Courtyard near the Jacksonville, Florida, airport.
Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
The U.S. leads with 6,280 projects; Dallas tops cities with 199.
Nearly 2,900 hotels are expected to open worldwide by the end of 2025.
THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.
The U.S. leads with 6,280 projects and 737,036 rooms, 40 percent of the global total. Dallas leads cities with 199 projects and 24,497 rooms, the highest on record.
LE’s Q2 2025 Hotel Construction Pipeline Trend Report showed 6,257 projects with 1,086,245 rooms under construction worldwide, unchanged in project count and down 3 percent in rooms from last year. Projects scheduled to start in the next 12 months totaled 3,870 with 551,188 rooms, down 3 percent in projects but up 1 percent in rooms. Early planning reached 5,744 projects and 798,792 rooms, up 10 percent in projects and 9 percent in rooms year-over-year.
Upper midscale and upscale hotels accounted for 52 percent of the global pipeline, LE said. Upper midscale stood at 4,463 projects and 567,396 rooms, while upscale reached 3,852 projects and 655,674 rooms. Upper upscale totaled 1,807 projects and 385,396 rooms, and luxury totaled 1,267 projects and 245,665 rooms, up 11 percent year-over-year.
In the first half of 2025, 970 hotels with 138,168 rooms opened worldwide. Another 1,884 hotels with 280,079 rooms are scheduled to open before year-end, for a 2025 total of 2,854 hotels and 418,247 rooms. LE projects 2,531 hotels with 382,942 rooms to open in 2026 and 2,554 hotels with 382,282 rooms to open globally in 2027, the first time a forecast has been issued for that year.
HAMA is accepting submissions for its 20th annual student case competition.
The cases reflect a scenario HAMA members faced as owner representatives.
Teams must submit a financial analysis, solution and executive summary.
THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.
Student teams must prepare a financial analysis, a recommended solution and an executive summary for board review, HAMA said in a statement.
“Each year, the education committee looks forward to the solutions that the next generation of hotel asset managers bring, applying their own experiences to issues in ways that reveal new directions,” said Adam Tegge, HAMA Education Committee chair. “This competition demonstrates that the future of hotel asset management is in good hands.”
The two winning teams will each receive a $5,000 prize and an invitation to the spring 2026 HAMA conference in Washington, D.C. HAMA will cover travel and lodging.
Twenty industry executives on the HAMA education committee will evaluate submissions based on presentation quality, the statement said. HAMA mentors volunteer from September through November to assist teams seeking feedback and additional information. Schools will select finalists by Jan. 15, with graduate and undergraduate teams reviewed separately.
The competition has addressed topics in operating and owning hospitality assets and HAMA consulted university professors to update the format for situations students may encounter after graduation, the statement said.
This year’s participants include University of Denver, University of Texas Rio Grande Valley, Boston University, Florida International University, Michigan State University, Columbia University, Morgan State University, Howard University, New York University and Penn State University.