Hotel
Xenia Invests $305M in 2 AZ Hotels
The company purchased the 493-key Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch in Scottsdale, Ariz., as well as the 119-key Royal Palms Resort & Spa in Phoenix. Both hotels will continue to be managed by Hyatt.
IMH Lands Historic Sonoma Hotel
The Scottsdale-based group purchased MacArthur Place, a 64-key hotel in California. The new owner intends to upgrade and rebrand the hotel as L’Auberge de Sonoma.
MCR Opens $21M Marriott in Ft. Lauderdale
The 112-key Residence Inn by Marriott Fort Lauderdale Pompano Beach Central features studio, one- and two-bedroom suites. The hotel is owned and operated by MCR.
YOTEL Debuts in Asia
The 30-story hotel is situated in the heart of Singapore, offering easy access to the city’s main attractions. Each room is equipped with an adjustable Smartbed, a technowall and smart TV.
Carlson Opens Third Hotel in Kyiv
The 196-key hotel is Smart-Holding’s first project in the hospitality industry. The property is located in downtown Kyiv, near several landmarks.
Lifescapes Tapped for $245M Westin Anaheim Resort
The firm has been chosen to design the landscape environment for the planned 630,000-square-foot Orange County development. The company will incorporate iconic features into the four-diamond resort, including a unique motor court.
Huff, Niehaus & Associates Arranges Sale of KY Hotel
Dhami, Sohal & Sehgal Properties sold 101-key Hampton Inn in Horse Cave for $4.4 million. The new owner plans to renovate the building.
Behind the Soaring Demand for Scottish Hotels
Resilient to wider geopolitical headwinds, the Scottish hotel market is attracting an increasingly larger amount of capital, especially from the U.S. and India. The relative weakness of the pound sterling and the sharpness of yields are some of the factors behind this trend, according to Steven Fyfe, associate in the hotels team at Savills Scotland.
Walker & Dunlop Secures $15M Loan for Pittsburgh Hotel
The company worked on behalf of the borrower, Reception Hotels and Resorts LLC, to provide the three-year, non-recourse construction loan. Reception Hotels and Resorts purchased the fifth and the sixth floors for the hotel.
Getting Green to Go Green
While office buildings consume 19 percent of U.S. energy, according to the American Council for an Energy-Efficient Economy, other sectors are also seeking retrofit financing. But some property types are easier to finance than others.