Hotel
Phoenix Ritz-Carlton Hotel and Residences Lands $282M
HFF arranged a $210 million senior land and construction loan with Bank of the Ozarks, as well as $72 million in mezzanine financing with Starwood Property Trust Inc.
Gatehouse Affiliate Opens Downtown Dallas Hotel
An affiliate of Gatehouse Capital opened a 132-key hotel in Dallas next to the Baylor University Medical Center. Aimbridge Hospitality manages Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White.
Pollack Realty Lands $26M for CA Boutique Hotel
HALL Structured Finance secured the first lien construction loan for the Park James Hotel in Menlo Park, Calif. The 61-key boutique hotel is scheduled for completion in May 2018.
HFF Arranges Refi of Boston Hotel Portfolio
The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
sbe Debuts 2 Mondrian Hotels
The 270-key Mondrian Doha in Qatar and the 189-key Mondrian Park Avenue in New York City are the fourth and fifth Mondrian hotels globally, after properties in London, Los Angeles and Miami South Beach.
Caesars Unit Completes Spin-Off of Real Estate Business
The new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.
Xenia Buys Arlington Hotel for $105M
The hotel is situated in one of the busiest upscale segments of Arlington county. The property recently underwent an $11 million renovation.
Marriott to Open W Hotel in Rome
Developed by Omnam Group, the 159-key hotel is slated for completion in 2021 and will offer the W’s signature amenities.
Waterton Enters DC Hotel Market
The company acquired the former Loews Madison, a 356-key downtown hotel with a rich history. The property, rebranded as The Madison, a Hilton Hotel, has undergone more than $75 million in capital improvements in the last 15 years.