Hotel
Delta Hotels Unveils Bold Strategy
Marriott International is planning to double the Canadian hospitality brand’s footprint with the opening of new properties in the U.S. and Asia over the next two years.
Las Vegas Convention Center District Lands Final Approval
The $1.4 billion project will bring 600,000 square feet of new meeting space, while generating approximately 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion.
Natixis Scores $39M Loan for Hyatt Acquisition
The Excel Group received a $39 million loan for the acquisition of 200-key Hyatt Place Washington DC/US Capitol, located in the NoMa neighborhood of Washington, D.C.
McSam’s Chelsea Hotel Breaks Ground
The 45-story building will be one of the tallest towers in Manhattan’s Chelsea neighborhood and it marks another collaboration between developer McSam Hotel Group and designer Gene Kaufman Architect.
Morgans Hotel NYC Fetches $41M
The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.
W Hotels to Open First US Alpine Resort
Sky Hotel will be transformed into W Aspen, an 88-key property featuring six suites and 11 branded residences. The redevelopment marks the brand’s first alpine destination resort.
Uptown Charlotte Boutique Hotel Opens Doors
The Ivey’s Hotel features 42 luxury rooms located on the second floor of a historic building, which debuted as a department store in the early 1990s.
Home2 Suites by Hilton Debuts in Fort Worth
The new Home2 Suites By Hilton hotel features 93 suites and is located a mile from the Cityview Centre I retail and dining complex. Fort Worth Southwest Cityview is owned and managed by Lotus Lodging Fort Worth LLC.
Vail Closes Vermont Mountain Resort Acquisition
Stowe became Vail’s first-ever resort on the East Coast and its 13th overall ski property. The asset is forecast to bring in more than $5 million in revenue during its first 12 months of operation, following the acquisition.
West Elm’s First West Coast Hotel to Open by 2020
The retailer’s hospitality venture with DDK will develop a mixed-use property in Oakland in partnership with Signature Development Group and Jordan Real Estate Investments. The Oakland property marks the sixth market for West Elm Hotels.