Hotel
Hard Rock Unveils $2.3B European Resort Plans
Set to be one of the largest such destinations on the continent, the development will house a combination of hotel, convention, entertainment, dining and shopping areas across eight million square feet.
New Hotel Coming to Downtown Baltimore
The historic property—which recently traded for $3 million—landed a $10 million acquisition and renovation loan. In the making since before the Recession, the project at 101 N. Charles St. is slated for completion in 2018.
Tropicana Entertainment Buys Chelsea Hotel in Atlantic City
The boutique lodging property will be incorporated into the company’s 2,400-key casino resort across the street.
Ashkenazy Buys Iconic London Hotel
The sale of The Grosvenor House represents the most significant single-asset hotel deal in U.K. history and reflects the new owner’s plans to expand its global footprint.
Crowne Plaza Ravinia in Atlanta Lands New Owner
Sold by Ashford Hospitality Trust, the 495-key property in Dunwoody changed hands for $89 million. The former owner had bought the hotel in 2011 as part of a $1.3 billion portfolio.
W Hotels Expands Asia Footprint
W Hotels Worldwide continues its global growth with the opening of W Shanghai – The Bund, a 374-key hotel situated in the heart of Shanghai. Sinar Mas Group owns the asset.
Fairmont Hotels Expands in Saint Lucia
Fairmont continues to expand globally, with a 120-key hotel planned for the southwest coast of Saint Lucia. The project is slated for completion in 2019.
Skanska Plans $84M Hotel in Stockholm
The 503-key hotel will be adjacent to the Arlanda Airport in Stockholm, Sweden. The company will kick off construction in August and the property is expected to come online by the end of 2019.
Gehr Hospitality Nabs Four Points by Sheraton, Charlotte
BMO Harris Bank financed the acquisition. Real Hospitality Group will manage the 132-key property, which is set to undergo a significant renovation.
SpringHill Suites by Marriott Debuts in Cincinnati
The hotel is roughly 35 miles from Cincinnati/Northern Kentucky International Airport. Keystone Hotel Group will manage the 100-key property.