"Here's a mostly empty office building that we want to turn into a cool hotel" is, in 2025, an easier sell to lenders than "Here's an empty lot that we want to turn into a cool hotel." That's true because of high interest rates and construction costs. skift.com/2025/02/18/i...
skift.comIHG CEO Touts Record Pace of Converting Buildings to Its Hotel BrandsIHG is betting on hotel conversions to fuel its growth, as property owners increasingly look to re-flag their buildings.
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