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Wyndham to Buy La Quinta for $2B
The transaction will expand Wyndham’s hotel portfolio to 21 brands and more than 9,000 properties, and result in the spinoff of La Quinta’s owned real estate assets into the newly formed CorePoint Lodging Inc., which will hold the distinction of being the only pure-play, publicly traded REIT focused exclusively on midscale and upper-midscale lodging.
It’s Optimism by a Nose in Latest RCLCO Survey
An end-of-year survey finds that expectations remain positive, despite the state of the market cycle, as tax changes continue to loom.
Suburban Boston Office Park Commands $80M
Jumbo Capital and Sound Mark Partners have teamed up for the acquisition of Stony Brook Office Park, four interconnected buildings totaling 270,196 square feet in Waltham, Mass.
Juggernauts, Contenders Make the Cut on Amazon’s Shortlist
Almost 240 cities and states responded to the company’s RFP for its second headquarters, and 20 have made it on the shortlist. What’s next?
Rockefeller Group Names New CEO
Moore has been with the company since 2016 and now serves as executive vice president & head of the organization’s urban development business.
Ashford Trust Refinances 8-Hotel Portfolio
Secured by assets across several states, the previous mortgage loan had an outstanding balance of roughly $377 million and was due to mature in 2020.
Capitalizing on the In-Stay Experience: Hospitality Report
According to EyeforTravel, hoteliers would do well to focus a great deal of their efforts on not only catering to but analyzing the captive guest.
Brexit Reveals Europe’s Future Financial Hubs
As negotiations for Brexit unfold between the U.K. and the European Union, and many arrangements are still in limbo, several European capitals have emerged as contenders in the race for the next financial centers of the E.U.
Terra Sells $72M Miami-Area Retail Center
Doral Commons, which was 95 percent leased at the time of sale, fetched $514 per square foot two years after being completed.
Luxury Ski Resort in Utah Scores $60M Refi
The loan will also cover the facility’s expansion, which is expected to begin later this year or in early 2019.