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Key Takeaways:

1. Financing & Development: High construction costs, tariffs, and rates make new projects difficult, though lenders are eager and equity-backed deals are moving forward.

2. Extended Stay & Lifestyle Growth: Mid-scale extended stay and lifestyle brands are thriving, especially near universities, healthcare hubs, and suburban markets.

3. Conversions & Market Shifts: Hotels, offices, and other properties are being repurposed for hospitality or residential use, while migrant housing has temporarily reshaped supply and demand.

4. Risks & Outlook: Rising cyber, liability, and insurance risks remain challenges, but with easing rates and more receptive communities, optimism for new development is growing. 

Thank you to our keynote speaker:

• Eric Paley, Secretary of the Executive Office of Economic Development (EOED)

Thank you to our panelists:

• James O'Connell, Principal at HREC Investment Advisors

• Courtney O’Donnell, Director of Development, Northeast Region at Hilton

• Stephen Callahan, Vice President of Business Development at Callahan Construction Managers

• Mike Underwood, Commercial Risk Broker at HUB International

• Mark Vaughan, Senior Partner at Riemer & Braunstein LLP

Thank you to our moderator:

• Harry Wheeler, Principal at Group One – a JCJ Architecture Studio

Thank you to Rubenstein Partners and Rhino Capital Advisors for hosting & sponsoring this event! Interested in learning more about The Center at Innovation Drive? Click here.

Thank you to our summit sponsors : Bergmeyer, Haynes Group, HUB International, Maugel DeStefano Architects, Northmarq, Riemer & Braunstein, Solect Energy, Timberline Construction, and U.S. Pavement Services, Inc..

Thank you to our amazing exhibitors.