Hotel
PM Hotel Group to Manage Upcoming South Austin Hotel
The 103-key TownePlace by Marriott is scheduled for completion by October. The property will be located minutes from the recently upgraded Austin International Airport.
Four Seasons Nashville Lands $360M in Financing
HFF orchestrated the debt and equity package for The Congress Group and AECOM Capital’s development of the 232-key hotel and residential project.
Portland Hotel Opens After Renovation
The 174-key Hotel Zags Portland, which completed a major renovation and rebranding project, is part of Pebblebrook’s “Unofficial Z Collection”.
Marcus & Millichap Brokers Sale of IL Hotel
The buyer took out an $8.5 million loan from Citizens Community Federal to finance the acquisition of the 117-key Hampton Inn and plans to upgrade the property.
Homewood Suites By Hilton Debuts in Colorado Ski Country
The 84-key property is located in the Rocky Mountains, a few miles from downtown Steamboat Springs and Steamboat Ski Resort.
Blue Sky Equity Partners Buys Tucson Hotel
The company has expanded its hospitality portfolio with the purchase of the 156-key Red Lion Inn & Suites Tucson North Foothills.
Casto Acquires Ohio Hotel, Plans Redevelopment
The former Knights Inn Hotel in Heath will be demolished and work for a new retail property is scheduled to begin by the end of the second quarter.
New Courtyard by Marriott to Open in Indiana
Indianapolis developer MHG Hotels owns and manages the new four-story, 97-key business hotel in Speedway, set to debut later this week.
Flag Luxury Lands Equity Partner for $508M NYC Project
EB5 Capital made a $125 million investment in the 250-key Ritz-Carlton development, which is currently under construction in Manhattan’s NoMad area.
Pebblebrook Sells DC Hotel for $111M
A joint venture between Metrovest Equities and BLDG Management acquired the asset and plans to convert it into a YOTEL-branded property.