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Napa Valley Hotel Sells for $1.2M per Key
Ashford intends to finance the purchase with about $50 million of non-recourse mortgage debt.
Trump Taj Mahal in AC Transitions to Hard Rock
The new owners will invest more than $300 million to purchase, renovate and re-open the property.
Playa Resorts to Go Public with $500M Infusion
The merger between Pace Holdings Corp. and the luxury hospitality firm will deliver an enterprise value of $1.75 billion.
Creative Offices Create Value: Transwestern Report
“Converting retail and industrial properties is a profitable value-strategy,” according to the study.
Carnegie Robotics Named Top Industrial Renovation
NAIOP honored the project for transforming a Pennsylvania steel mill into a high-tech facility.
Virgin Hotels Expands to San Francisco
The company is planning to open a 196-key property in the city’s trendy South of Market district.
LG Electronics to Build $250M Plant in Tennessee
The 829,000-square-foot facility will be developed on a 310-acre site in Clarksville.
Related Cos. Steps Up with $80M for Ladder Capital
The firm purchased stock from pre-IPO shareholders of Ladder, including affiliates of TowerBrook Capital Partners and GI Partners.
New Mars Petcare HQ Coming to Nashville
Highwoods Properties will develop the 224,000-square-foot project in the Cool Springs district of Franklin, Tenn.
CommercialCafe Report: NYC Office Market Sizzles in 2016
Though it’s no surprise that Manhattan remains the main target for office investment in New York City, other boroughs also managed to attract a good deal of capital in the past year.