Hotel
Pebblebrook Picks Up Starwood’s W Los Angeles – Westwood for $125M
Pebblebrook Hotel Trust bought the W Los Angeles, a premier all-suite property in a bustling area of Westwood that features a meeting space, a spa, a public fitness center and a garage.
Jabal Omar Development to Open 10 Hotel Towers in Mecca
Jabal Omar Development is planning to open 10 hotel towers in Mecca, to accommodate the growing number of annual Islamic pilgrimages to the area.
Hilton Plans Triple-Flag Hotel Village in Canada
Hilton Worldwide is currently building three new hotels in Canada in the same location. All three edifices will be united by exterior parkways and an underground parking facility.
Calkain Cos. Opens St. Louis Office to Capture Midwest Market
Calkain Cos. has opened an office in St. Louis, viewing the Midwest as a largely underserved market. The company has tapped broker Teal Henderson from its Tampa office to run the new location.
MGM, Morgans to Convert Hotel into Delano Las Vegas
Next year, Mandalay Bay hotel will swan into Delano Las Vegas, thanks to MGM Resorts International and Morgans Hotel Group. The partners will bring a new theme, design and outlook to the hotel inside the resort and casino.
C.A. Anderson To Lead Cambria Suites' Growth Push
Cambria Suites is already in growth mode and Anderson is tasked to bring the program to new levels. All told, 26 hotels are in various stages of development.
Economy Watch: Demand for Prime Mortgages, Hotel Occupancy Up
Federal Reserve study shows stronger demand for loans and more lenient underwriting; average hotel occupancy hits 75 percent for the first time in five years, according to STR.
Cornerstone Enters U.K. with $129M Loan
About six months after appointing its new CEO of European operations, Cornerstone Real Estate Advisers completed its first loan in the United Kingdom, a $129.1 million (£83 million) refinancing for Derwent London plc.
Homewood Suites Introduces New Design Concept with Smaller Footprint
The 97-room hotel marks the debut of Homewood Suites’ new Generation 9 design prototype.
Marriott Vacations Kicks Off Third Phase of 223-Unit Timeshare in Las Vegas
Seven years after opening Marriott’s Grand Chateau in Las Vegas, Marriott Vacations Worldwide Corp. has commenced construction of the third tower at the complex of ownership villas.