A hotel can have a credible value-add thesis and still outrun the property's ability to execute it. Buyers should underwrite management bandwidth, sequencing and downtime alongside the renovation budget.
Miami is the best-performing U.S. World Cup host hotel market — about 55% of hotels are ahead of booking pace — and landed FIFA's expanded 75,000-square-foot Americas headquarters in Coral Gables.
Host markets projected billions from the 2026 World Cup, but roughly 80% of host-city hotels are tracking below forecast — while short-term rentals near stadiums surge and stadium-anchored development accelerates.
Host Hotels & Resorts CFO Sourav Ghosh outlines a 2026 growth strategy built on capital recycling, renovation programs, and favorable lodging demand trends.
Bally's Corporation paid $156.6M to New York City for a 16-acre Bronx parcel, clearing the path for a planned casino resort at the former Ferry Point golf course.