Real Estate News

Real Estate Entrepreneur Robbie Antonio Announces New Spec Home Developments Planned for Connecticut Markets

Real estate businessman Robbie Antonio today unveiled his upcoming plans for spec home development projects throughout popular housing markets of Connecticut, USA. Tapping into the massive shifts in market trends, the spec home projects are set to develop within areas that have recently experienced significant interest from new movers seeking move-in-ready homes.

Park Hotels & Resorts Provides Update on Operating Trends

TYSONS, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update.

Recent Highlights

Occupancy for March 2022 for Park’s 48 consolidated hotels was 63.0%, a sequential improvement of over 10 percentage points from February 2022;Repurchased 3.4 million shares of common stock at an average price of $17.99 per share, or $61 million, during the first quarter of 2022; andAccelerated plans to reopen Park’s remaining suspended hotel, the 1,024-room Parc 55 San Francisco – a Hilton Hotel, with a target reopening date of May 19, 2022, based on improving demand trends in the San Francisco market.

Gilbane Cuts Construction Project Time by 25 Percent with Matterport Digital Twins

Leading global construction firm reduces costs, accelerates ADA improvements with virtual collaboration

SUNNYVALE, Calif., April 14, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that Gilbane Building Company (“Gilbane”), a global leader in real estate, construction, and facility management services, has realized 25 to 30 percent in cost and time savings by adopting Matterport digital twins to enable remote collaboration during its design, build program delivery.

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