Hotel
California’s Great America Amusement Park to Trade for $70M
Cedar Fair, owner of California’s Great America in Santa Clara, Calif., has signed a deal to sell the amusement park to JMA Ventures L.L.C. in an all-cash transaction. The active property owner will pocket $70 million on the deal.
St. Louis-Area River City Casino Up for $82M Expansion
River City Casino owner Pinnacle Entertainment has revealed plans to shell out $82 million to provide new accommodations and enhance offerings at the property in Lemay, Mo.
Innkeepers Files Complaint Against Chatham, Cerberus Over $1.1B Deal
Just steps from emerging from Chapter 11, Innkeepers suffered a major blow when a joint venture of Chatham and Cerberus Series terminated a $1.1 billion contract, but Innkeepers plans to fight the hit in court.
Napa Valley Marriott Sells for $72M
Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California’s wine country, for $72 million, or approximately $261,000 per key.
Chesapeake Lodging to Buy 613-Room Denver Marriott for $119M
Chesapeake Lodging Trust’s shopping fever continues as the REIT enters into an agreement to acquire the Denver Marriott City Center, the 613-room upper-upscale hotel in the mixed-use City Center tower in downtown Denver.
$43M Refi for Texas’ Hilton DFW
There are even more signs of life in the hospitality sector, as HFF secured $43 million in financing for the Hilton DFW Lakes in Grapevine, Texas.
Fashion Place Expands, as Wasatch Front Retail Real Estate Market Blooms
By Gabriel Circiog, Associate Editor At a time when the economy is somewhat troubling for most real estate markets, the retail real estate market along the Wasatch Front is doing well. Deseret News reports that there are four major retail centers expanding or under development. Fashion Place mall in Murray is currently undergoing a 100,000-square-foot […]
Meridian Capital Obtains $85M in Financing for Hotel Chelsea
The Hotel Chelsea gets a new owner and a new plan for a makeover with an $85 million financing package orchestrated by Meridian Capital Group L.L.C. on behalf of the Chetrit Group and Clipper Equities.
Inland American Ropes in the Fairmont Dallas for $69M
The Fairmont Dallas comes under new ownership as Inland American Lodging acquires the 545-room luxury hotel from Pacific Coast Capital Partners and DiNapoli Capital Partners for $69 million.
Pebblebrook, Denihan Complete JV on $910M NYC Hotel Portfolio
Pebblebrook Hotel Trust and Denihan Hospitality Group have wrapped up a joint venture that recapitalized a portfolio of six Denihan-owned hotels in Midtown valued at $910 million.