Hotel
CBRE Hotels Expands Northwest, Mountain Practice
Julie Purnell joins the firm as managing director, bringing more than 25 years of experience in strategic planning, business development, acquisition and disposition due diligence, development and asset management in the hotel sector.
DoubleTree by Hilton Chicago-Oak Brook Changes Hands
CBRE Hotels negotiated the transaction of the 428-key hotel. The property is located in a thriving business area, close to several corporate headquarters.
Hotel Chaco: Old World Charm and Modern Amenities
The 118-key hotel, located adjacent to sister property Hotel Albuquerque at Old Town, features Native American art throughout the property as well as day trips to its namesake national monument.
Home2 Suites by Hilton Azusa Opens
Fine Hospitality manages the 110-key property owned by Amazing Investment LLC, which compliments the booming tourism industry in Los Angeles County.
New Disney Resort Scores $218M in Construction Financing
The capitalization comprises both senior and mezzanine debt and was arranged by a partnership of Walker & Dunlop Miami and SRF Ventures Inc.
Hotel Okura Expands Into Myanmar
The 390-key luxury hotel will be constructed on the site of the former Defense Services Museum, within a commercial complex set to include both office and retail.
CIM Group Closes LA Hotel Sale
The sale comes after the recent disposition of the adjacent 8500 Sunset residential complex.
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
Sheraton DFW Airport Hotel Fetches $46M
The Buccini/Pollin Group purchased the 302-key property in Irving, Texas, and selected PM Hotel Group to manage it. The hotel recently underwent a $7 million renovation.
InfiniPower Lands $54M for Upcoming Silicon Valley Marriott
CBRE secured construction financing for the development of a 147-key Marriott Residence Inn and a 114-key Fairfield Inn & Suites in North San Jose. InfiniPower Hospitality plans to develop the property on a vacant 6.7-acre site purchased in 2006.