Hotel Market

Assessor Fritz Kaegi Shifts Property Tax Burden to CRE

Cook County Assessor Fritz Kaegi says its time for commercial owners to pay up

Kaegi has been implementing assessment methods to shift burden away from homeowners

Chicago Hotel Landlord Su-Mei Yen Facing Lawsuits

Hotelier Yen accused of dodging investors, debt restructuring firm, tax attorney

Su-Mei Yen’s real estate and lodging operations have so far avoided losing three hotels to foreclosure, but lawsuits are piling up

Host Hotels looks to unload “noncore” property portfolio, valued at over $1B

Host Hotels looks to unload “noncore” property portfolio, valued at over $1B

Assets may include Grand Hyatt San Francisco, W Seattle