Hotel
David Durning: Prudential’s Construction Financing Strategy
David Durning, president & CEO of Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
CIM Group Acquires 7-Asset Portfolio from CW Capital
CIM Group has acquired a seven-asset portfolio headlined by Two California Plaza, a 52-story, Class A office building in downtown Los Angeles.
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.
RLJ Lodging Trust Picks Up 10-Hotel Portfolio from Hyatt Affiliates for $313M
RLJ Lodging Trust and affiliates of Hyatt Hotels Corp. have entered into a definitive agreement for RLJ to acquire a portfolio of 10 Hyatt, Hyatt Place and Hyatt House hotels totaling 1,560 keys for $313 million.
The February digital edition of CPE is now available!
Editor’s Note: Repair, Replace, Recover At press time, Congress has just approved a $1.1 trillion spending bill funding the federal government until September. News Story: Hilton IPO Sets Record Once word came from private equity firm Blackstone Group in September that it was planning an initial public offering for Hilton Worldwide, anticipation began building. Trend Story: Fine Dining Takes to the Malls Fine dining and retail are colliding! Cover Story: Bridging the Gap Industry innovators find solutions to the nation’s infrastructure crisis. Finance Special Focus: New Visions: Smart Deals and Hubris Cohen Financial CEO Jack Cohen discussed the state of the…
As Winter Olympics Near, Marriott Opens 428-Key Hotel Close to Sochi Venues
As visitors from around the world prepare to converge on Russia’s Sochi resort region for the Winter Olympics next week, Marriott International Sochi Marriott Krasnaya Polyanahas opened the 428-key Sochi Marriott Krasnaya Polyana Hotel near the Krasnaya Polyana Mountain Cluster, one of the two main Olympic locations.
GF Management Affiliate Adds Orlando Hotel to its Portfolio
ESLBV Property Owner L.L.C., an affiliate of GF Management, has acquired the 334-room Embassy Suites Orlando-Lake Buena Vista and is planning a $13 million renovation to take place over the next year.
The January digital edition of CPE is now available!
Editor’s Note: New Year’s Resolutions This new year brings promise of further economic improvement, but as I noted last month, it brings ample challenges, as well. News Story: Reinventing South Street Seaport One thing is certain: South Street Seaport in Lower Manhattan will be getting a makeover. Trend Story: Return of the Hotel Renovation The hotel industry is undergoing a renaissance. Cover Story: Skill Search Hiring: Demand for Talent, with a Taste for Capital Raising and Deployment Stars to Watch: Rising Leaders in CRE Plenty of people land a great deal before the age of 40. Sustainability: Water Works Payback issues aside,…
Campus Crest Communities JV Buys Montréal Hotel to be Converted into Urban Student Housing Tower
U.S.-based Campus Crest Communities Inc. in a joint venture partnership with Geneva- and London-based Beaumont Partners SA acquired the 488-room Holiday Inn Midtown in Montréal.
FRHI Hotels & Resorts to Open 7 Properties in Key International Markets in 2014
FRHI Hotels & Resorts (FRHI) will open a collection of seven properties in 2014. The new hotels, totaling 1,300 guestrooms, will be located in Russia, Turkey, Saudi Arabia, the UAE and Indonesia.
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