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Research | Feb 21, 2018
The supply of new hotel rooms entering the U.S. lodging markets will peak in 2018. Based on the recently released March 2018 edition of Hotel Horizons®, CBRE Hotels’ Americas Research is forecasting the net addition of approximately 101,000 rooms to the U.S. lodging inventory during 2018, an increase of 2.0 percent over 2017 average annual daily supply.
Transactions | Feb 20, 2018
Albertsons has plans to acquire Rite Aid in a cash and stock deal. Rite Aid has a market value of $2.31 billion. The two will have about 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and the District of Columbia. Most Albertsons’ pharmacies will be rebranded as Rite Aid, and the company will continue to operate Rite Aid’s stand-alone stores.