Hotel
GE Capital to Sell Hotel Financing Arm
Western Alliance Bank is set to acquire GE Capital’s Franchise Finance U.S. hotel business.
First Hyatt-Branded Hotel Opens in Asheville, N.C.
Parks Hospitality Group owns and operates the new Hyatt Place hotel in downtown Asheville.
Residence Inn by Marriott Breaks Ground Near Universal Studios Florida
The 196-key Residence Inn Universal Studios hotel, which will create nearly 500 construction jobs, is expected to open in 2017.
Marcus & Millichap Closes Sale of Downtown Hotel in Music City
Marcus & Millichap has facilitated the $58.2 million sale of the Hampton Inn & Suites Nashville Downtown.
Anbang Consortium Ups the Ante for Starwood, Surpassing Marriott’s Latest Bid
The Chinese insurance group made a $14 billion offer to acquire Starwood Hotels & Resorts Worldwide, topping Marriott International’s most recent bid.
Boulan South Beach Developer Sells Luxury Condotel and Retail Units For $25M in Miami Beach
Parc Place Development sold 30 luxury condotel units and two retail units within the Boulan South Beach for $25M.
Remaking History
Investor/developer Ed Riley is redeveloping the historic Hotel Syracuse in Downtown Syracuse, N.Y. The complicated $70 million effort ranks among the country’s largest hotel restoration projects. Flying the Marriott flag, the hotel is set to reopen in July 2016.
244-Key Hilton Lands in Downtown Richmond
The dual-branded Hampton Inn & Suites and Homewood Suites by Hilton Richmond – Downtown is just a 10-minute walk from Virginia’s largest convention center.
HFF Appoints Jeff Bucaro to Director in Chicago Office
As director, Bucaro will focus his efforts on financing hotel transactions in the greater Windy City area.
New 233-Key Crowne Plaza Hotel Opens in Metro Atlanta
The brand new Crowne Plaza Atlanta SW – Peachtree City hotel is set to open in Fayette County, Ga.