In today’s CRE360 Signal Daily Brief, we break down the $230 million acquisition of the InterContinental Times Square by Highgate and Gencom — one of Manhattan’s biggest hotel trades since the pandemic. We’ll also cover Columbia Sussex’s massive renovation play in Daytona Beach, JPMorgan’s $417 million construction loan for a Four Seasons resort in Telluride, and the latest Las Vegas and national hotel performance data.

Our practitioner take: quality clears first — core urban and luxury resort deals are moving, while secondary markets still demand discounts, reserves, and tighter covenants.

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