hospitality

Short-Term Rentals: The Next Evolving Asset Class

CHICAGO, July 9, 2019 – The multifamily sector has become increasingly diversified over the past decade, with niche asset classes such as student housing, senior housing, coliving and micro-units garnering major investor interest. Short-term rentals appear to be the next wave according to a report released today by Cushman & Wakefield, Short-Term Rentals: The Next Evolving Asset Class, as new players in the homeshare marketplace have scaled the concept in recent years to institutional investment-grade multifamily assets. While the short-term rental concept has existed in a limited format for decades—with small local operations and corporate housing outfits dotting the nation—homeshare platforms like Airbnb and VRBO have revolutionized the market, steadily becoming a primary means of travel lodging for the common consumer—attaining over 500,000 average stays per night by 2018. At the same time, the 2010s real estate cycle saw a wave of new Class-A apartment buildings delivered largely around downtown [...]

Leah Dauer Murphy Joins Cushman & Wakefield as Senior Director, Leader of Valuation & Advisory’s Midwest Hospitality & Gaming Practice

CHICAGO, June 2, 2016 – Cushman & Wakefield announced today that Leah Dauer Murphy has joined the firm as Senior Director and will lead the firm’s Hospitality & Gaming Practice, within Valuation & Advisory, in the greater Chicago region. “We could not be happier having Leah join the Hospitality & Gaming Group. She is a proven leader in the industry and fully invested in the hospitality world,” said Eric Lewis, Executive Managing Director of Valuation & Advisory. “Having Leah on the team will allow us to expand our reach in the market and will be a huge value add for our clients.” Ms. Dauer Murphy has been a real estate Appraiser since her graduation from Washington State University in 2007 and brings over nine years of experience in commercial real estate. She has spent the majority of her tenure focused on the valuation of hospitality assets and land and has [...]