ON THE HORIZON : transactions and rescue capital endure

Contributed by DANIEL LESSER , PRESIDENT AND CEO , LW HOSPITALITY ADVISORS , NEW YORK CITY

After a rapid rebound in U . S . economic growth during Q2 2021 , news of the fast-spreading Delta Coronavirus variant over the past several weeks has created a cloudier outlook . Today , there are two perspectives from which to dissect the near-term future , namely glass half empty or glass half full .

ACORE Hospitality Partners invested US $ 200 million in a preferred equity position in AJ Capital Partners affiliate Graduate Hotels , which recently opened this property on

Roosevelt Island in New York .