Hotel
Sunstone Buys Florida Oceanfront Hotel in $175M Deal
The Oceans Edge Hotel & Marina is the largest luxury resort and marina in Key West. Its waterfront rooms are spread across four buildings, with 86 suites having private balconies that offer views of the Atlantic Ocean.
Marriott Unveils New $600M HQ, Flagship Hotel
After a two-year search, the hotel chain has finally found a new home with the help of JLL. The campus—developed by Bernstein and Boston Properties—will be located in downtown Bethesda, Md.
Cachet to Open First NYC Hotel
Dubbed the Cachet Boutique NYC, the 105-key hotel was developed in partnership with Merchants Hospitality Group. The hotel is steps from Chelsea, Hell’s Kitchen and the soon to be open Hudson Yards.
Dimension Expands DC Management Portfolio
With the addition of the 220-key hotel The Westin Crystal City, the company’s portfolio achieved a historic milestone, peaking at 10,000 guest rooms.
NKF Adds Key Hire to Hospitality Sector
Keith Worsham will join the company’s hotel investment sales group. He will focus on advisory services, dispositions and debt financing for hotel and leisure properties.
Concord, Beaufort JV Breaks Ground on NC Hotel
The three-story inn will be part of the Ascend Hotel brand, a collection of historic, boutique and unique properties that feature a sense of local flavor.
Hersha Sells 3 Hotels, Acquires Westin Philadelphia
The company disposed of a portfolio consisting of three Hyatt House hotels, located in California and Arizona. The 294-key Westin Philadelphia is part of the Liberty Place mixed-use complex that also features office, retail and residential.
CBRE Secures $27M Loan for Minneapolis Hotel
The developer plans to build in downtown Minneapolis as part of a block of development that includes an apartment tower, brewery and its own new headquarters.
Hilton, Blackstone Grab 1,201-Key Vegas Resort
The joint venture acquired The Elara, one of the largest timeshare properties in the world. The asset features four penthouse floors, retail and 17,000 square feet of ballroom space.
Siegel Suites Grows Phoenix Footprint
The company has purchased a property which was previously targeted by ADOT’s Loop 202 expansion plans. The firm will rebrand the asset and will undertake an extensive renovation program.