Hotel
Bay Area AC Marriott Lands $43M Construction Loan
CBRE secured a non-recourse, floating-rate loan through ACORE Capital for the 140-key lodging project in San Rafael, Calif.
Hotel Investors’ Wariness Rises Despite Record Travel Season
The sector continued to perform well in the first half of 2019, but economic uncertainty is causing investors to proceed with caution, according to a new report by Marcus & Millichap.
Marriott to Acquire Elegant Hotels Group
The company is set to buy out the luxury group and its seven Barbados properties, which will be rebranded under Marriott flags.
Marriott Adds Manhattan Landmark as It Refreshes W Brand
The purchase comes a year after Westbrook Partners paid Host Hotels & Resorts $171 million for the property.
Hyatt Hotels Expands Hyatt Place Brand
The pet-friendly property in Flint, Mich., is located close to the Bishop International Airport and includes the brand’s signature amenities.
Blackstone Bets $4.3B on Bellagio
In a joint venture with MGM Resorts, Blackstone Real Estate Income Trust has agreed to buy the iconic Las Vegas resort.
Queensgate Investments’ $400M US Expansion
The British private equity firm has acquired the boutique hostel brand Freehand Hotels from a consortium that includes an investment firm controlled by the billionaire Ron Burkle.
Homewood Suites Jacksonville Changes Hands
A joint venture acquired the 117-key extended-stay hotel for nearly $15 million as part of a larger, 18-property portfolio deal.
Wellness Movement to Transform Hotels
The next wave will be a lot more than spas, as Avison Young details in a new report.
Woodmont Lodging Grows Hotel Portfolio
In a joint venture with Milestone Cos. and Blue Vista Capital Management, the firm acquired a newly delivered asset in downtown Pittsburgh.