Hotel
Downtown Orlando Hotel Scores $18M Refi
The 118-key hotel is an adaptive reuse project completed in 2013. Owner GDC Properties intends to use loan proceeds to retire existent debt and fuel reinvestments.
Noble Secures $31M Construction Loan for Nashville Eco-Hotel
Regions Bank is financing the construction of the 169-key Element by Westin, near Cambridge Holdings’ OneC1TY mixed-use urban community. The development is set to include street-level retail space.
Goldman Sachs to Buy European Budget Hotel Chain
PAI Partners, a leading European private equity firm, confirmed it is in exclusive negotiations to sell B&B Hotels, which has 486 hotels in 12 countries.
Metro Miami Hotel Sells for $40M
London + Regional Properties acquired the 79-key property in Palm Beach, Fla., via a Section 363 bankruptcy sale. The company plans to restore and reposition the asset.
Hyatt to Open First Regency Hotel in Lisbon
Scheduled to open in 2020, the first Hyatt hotel in Portugal’s capital will offer 200 keys. The property will be situated near two UNESCO World Heritage venues.
Iconic FL Resort Completes $320M Renovation
The beachfront JW Marriott Marco Island Beach Resort now features a new spa, several dining facilities and 100,000 square feet of meeting and event space.
Baywood Hotels Opens New Orleans Property
The 124-key hotel will operate under the Marriott franchise and is situated within a nine-mile range of the city’s attractions.
Park Hotels & Resorts Reopens Caribe Hilton in Puerto Rico
The 652-key hotel in San Juan underwent a massive renovation after it was heavily damaged by Hurricane Maria in September 2017.
Hilton Grand Vacations Expands NYC Portfolio
The 34-story commercial property will be acquired in two phases consisting of 161 units and a resort, set to open in 2020.
HFF Arranges $42M Loan for South Florida Hotel Purchase
A joint venture led by DoveHill Capital Management used the proceeds to help fund the $66 million acquisition of the 236-key Renaissance Fort Lauderdale Cruise Port Hotel in Fort Lauderdale.