Hotel
Anbang to Sell US Hotel Portfolio in Record Deal
The Chinese insurer has agreed to sell a 15-property portfolio to a South Korean financial services firm.
Hersha Hospitality Refinances $300M Term Loan
The REIT took advantage of the interest rate environment to fix or hedge most of its outstanding debt in recent months, including refinancing two Manhattan hotels.
iStar Affiliate Closes $535M in Ground Leases
The REIT finalized a previously announced joint venture agreement for a ground lease of 425 Park Ave. in Manhattan and the additional ground lease of a Honolulu hotel.
Radisson Debuts Duo in Manhattan
The hotels are located in Midtown and the Financial District and house a combined 519 keys.
Starwood Capital Trades Nashville Hotel for $80M
Pacific Western Bank provided the buyer of the 296-key Embassy Suites with more than $60 million in acquisition financing.
Park Hotels Lands $950M in Financing for Chesapeake Acquisition
The previously announced merger between the two REITs is expected to close by the end of the month.
Hilton Appoints Global Head of LXR Hotels & Resorts
The new hire brings nearly 20 years of industry experience in the Asia-Pacific, the U.K. and the U.S. to the role.
Blackstone Sells Phoenix’s Largest Resort
Trinity Real Estate and Elliott Management have acquired JW Marriott Desert Ridge, a 396-acre luxury property.
Aimbridge Hospitality, Interstate Hotels to Merge
The combined company will be a global force in third-party management, providing services to a portfolio of more than 1,400 properties spanning 20 countries.
Marriott Hotel Opens in San Diego
The 222-key TownPlace Suites is located close to San Diego International Airport and the downtown area.