Hotel
Strategic Hotels’ Refi Frenzy Continues with $130M Loan on Four Seasons D.C.
Strategic just closed a $130 million limited-recourse loan secured by the premier 222-room property in D.C.’s upscale Georgetown neighborhood.
Host Hotels to Purchase the Grand Hyatt Washington, D.C., for $442M
Host Hotels & Resorts Inc. is on track to acquire the Grand Hyatt Washington, D.C., for $442 million in what will be one of the largest hotel transactions in the metropolitan area so far this year.
Chatham Adds Five Hotels to Portfolio in Part of $1.3B Deal
Chatham has completed the first step of its multi-faceted, $1.3 billion expansion plan with the acquisition of five Innkeepers hotels totaling 764 rooms for an aggregate $195 million.
CBRE Arranges $49 Million Sale of Sè Hotel in San Diego
In a sign of continued life for the hospitality sector, CBRE announced that it completed the $49 million sale of the Sè Hotel in San Diego to an affiliate of Kimpton Hotels & Resorts.
Strategic Hotels Closes $120M Refi of Loews Santa Monica
Strategic Hotels & Resorts Inc. continues to stagger maturities on its balance sheet with the $118.3 million refinancing of the Loews Santa Monica Beach Hotel on Los Angeles County’s Westside.
C&W Arranges $47.5M Financing for Hawaii Hotel
Cushman & Wakefield Sonnenblick Goldman’s Global Hospitality Group announced Tuesday that the firm arranged a $47.5 million financing for the acquisition of the Courtyard Waikiki Beach, a 401-room property located in central Honolulu.
REIT Executive Compensation Up in 2010, Led by Office, Industrial Sectors
Closely mirroring trends in the economy at large, median compensation for C-level executives at the country’s largest REITs saw a gradual push upward during 2010.
Gaylord Goes West
Gaylord Entertainment has selected High Point, a gargantuan master-planned business district being undertaken by LNR Property L.L.C.’s Commercial Property Investment Fund L.P. in Aurora, Colo., for its latest project. The hospitality and entertainment company will build an $800 million resort and convention hotel on 85 acres at LNR’s sprawling development.
Chesapeake Buys Hotel Indigo San Diego
The firm snapped up the 210-room boutique hotel from InterContinental Hotels Group in a $55 million cash transaction.
W Hotels Makes Russia Debut
Owned by Real Estate Development Ltd., the W St. Petersburg hotel offers 137 guest rooms, bar and rooftop lounge. It was designed by Antonio Citterio and Patricia Viel Partners.