Hotel
Inland American Lodging Group Acquires 228-room Residence Inn Denver City Center for $80 Million
Inland American Lodging Group recently announced that it has acquired the 14-story Residence Inn by Marriott Denver City Center and the adjoining 448-space parking garage for a purchase price of $80 million. Continue reading →
W Hotel, Residences to Debut in Tel Aviv
Starwood Hotels & Resorts Worldwide is bringing its W hotel brand to Israel. The company is partnering with private investment firm RFR Holding, to develop the country’s first W branded hotel.
MGM Details Arena-Centered Entertainment District in Vegas
There’s going to be a lot of action on the stretch between MGM Resorts International’s New York-New York and Monte Carlo casino-resort properties along the Las Vegas Strip.
NY Developer Plans Boutique Gay-Friendly Hotel in Boystown
New York-based Parkview Developers LLC plans to open a gay-friendly hotel in the heart of Boystown. The approximately 112-room hotel would be located on the 3300 block of North Halsted Street and would be called Out Chicago, according to Ian Reisner, managing partner of the development firm.
Interserve, Tiger Developments JV to Build $300M M-U Project in Edinburgh
Britain’s Interserve Plc has signed a joint venture deal with Scottish landowner Tiger Developments to construct and invest in the Haymarket area of Edinburgh.
CPE Exclusive: Sage, Whitman Peterson Grab 852-Room Courtyard by Marriott Portfolio
Sage Hospitality and Whitman Peterson have kicked off their new investment relationship with the acquisition of six Courtyard by Marriott lodging properties from Clarion Partners. The 852-room group of hotels is located in metropolitan Atlanta, Dallas and the Detroit area.
DAMAC Launches Sea-Front Hospitality Project in Dubai
Damac Properties, the largest luxury private developer in the Middle East, is planning to build a new luxury tower of serviced hotel residences in Dubai Maritime City.
$100M Residential Trump Project Launched in Uruguay
The Trump brand of luxury residences has officially broken into the South American real estate market with the sales launch of the brand’s very first property on the continent.
Chetrit Buys Historic Miami Beach Hotel for $117M
MBR Waterview has purchased the 18-story, 424-room Miami Beach Resort and Spa for $117 million. The seller was Blackstone Group, on whose behalf Jones Lang LaSalle Hotels & Hospitality Group arranged the sale.
Meridian, Eastdil Arrange $275M Financing for NYC Hotel
Meridian Capital Group and Eastdil Secured have negotiated $275 million in permanent financing for the $325 million
acquisition of the fee position in NYC’s Milford Hotel, on behalf of a partnership between David Werner and Deutsche Bank Asset & Wealth Management.