Hotel
SFO Grand Hyatt Hotel Takes Off
Construction has begun on the 351-key on-airport luxury hotel. The $237 million project is slated for completion in July 2019.
IHG to Launch New Midscale Brand
The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.
Will Lenders Roll Out the Welcome Mat for Hotel Investors?
Insights on what’s ahead for the hospitality sector in the capital markets, from a finance veteran and president of the Continental Partners mortgage banking firm.
Marriott Breaks Ground on Pittsburgh Hotel
The four-story property will be situated adjacent to the Harrisburg International Airport and other major attractions, which is creating a strong demand for leisure and business travelers.
Residence Inn by Marriott Expands in Pittsburgh
The 144-key Residence Inn Pittsburgh Oakland/University Place will be operated as a Marriott franchise and owned by MWK Forbes II.
Disneyland-Area Sheraton Lands $21M Financing
Continental Partners has secured a five-year, fixed-rate loan for the 285-key Sheraton Garden Grove-Anaheim South Hotel. The financing will also serve to pay off a mezzanine loan.
Hyatt Regency Makes Amsterdam Debut
Hyatt Regency Amsterdam is the first Hyatt Regency and third Hyatt-brand hotel in The Netherlands. The hotel will offer 211 guestrooms, including 15 suites.
Courtyard Philadelphia to Join Autograph Collection
The 499-key hotel is listed on the National Register of Historic Places. Marriott will continue to manage the property after its conversion.
LTD Debuts Newest Holiday Inn Express in VA
LTD Hospitality Group owns and manages the Chesapeake hotel, which is franchised by an affiliate of IHG. The 101-key rebranded property underwent extensive renovations.