Hotel
Boutique DC Hotel Receives $18M Loan
The mortgage refinances an existing acquisition and renovation loan. Less than two years ago, the borrower completed an $800,000 upgrade at the property.
JRK Acquires $65M Hotel Portfolio in Austin
The L.A.-based firm will be investing more than $24 million in room and common-area upgrades.
Pebblebrook to Sell 2 Luxury Hotels for $331M
One of the properties reportedly traded for the highest price per key in Atlanta’s Buckhead district.
German Investor Pays $120M for DC Hotel
Geolo Capital and JW Capital Partners completed the disposition of the 225-key property.
Akara Partners Lands $57M Refi for Chicago Hotel
The company will use the proceeds to refinance the construction loan on the extended-stay Home2Suites by Hilton downtown property.
Key West Hotel Joins Curio Collection
The 150-key oceanfront resort owned by Park Hotels & Resorts has underwent multimillion-dollar renovations.
Charleston Attracts Noble Investment
The hospitality group has acquired a 133-key hotel in the city, which is growing a reputation as a top travel destination.
Hilton Launches New Lifestyle Brand
The hotel firm has already secured 30 commitments for its latest offering, Tempo by Hilton, which is designed to appeal to the ambitious modern traveler.
Radisson Opens 3rd New York City Hotel
The Midtown Manhattan property includes 320 keys. McSam Hotel Group developed the 28-story building.
New Residence Inn in California Receives $41M Loan
Sonnenblick-Eichner has arranged mortgage financing for the extended-stay hotel in Walnut Creek that opened in December.