Hotel
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.
Marco Island Resort Gets $60M Upgrade
Following an extensive exterior and interior renovation, the 310-key resort and spa in South Florida is set to open later this month.
Omni Houston Hotel Completes $30M Renovation
The brand’s Uptown Houston location has undergone a transformation that includes redesigned and renovated spaces as well as new amenities.
Atlanta Marriott Gets $57M Refi
Integrated Capital has nearly finished $14 million of renovations at the 344-key hotel. The new loan retires a $52.8 million prior mortgage held by Emigrant Bank.
Peachtree Hotel Group Trades Jacksonville Sheraton
The buyer, a joint venture between Rockbridge and Hospitality Ventures Management Group, plans to invest more than $1 million in renovations.
Hilton Opens Energy-Saving Hotel in AL
The full-service development reduces energy use by 32 percent and water use by 35 percent. Looney & Associates designed the interior of the hotel.
Pebblebrook Raises $1.8B for LaSalle Merger
Earlier in the year, LaSalle Hotel Properties had said yes to an all-cash offer from Blackstone, but the company later terminated the agreement in favor of the Pebblebrook bid.
Atlanta Airport Hotel Changes Hands
Alex Brown Realty sold the DoubleTree by Hilton property to a joint venture led by Hersha Hospitality Management for more than $23 million.
New Soccer Stadium Breaks Ground Adjacent to COTA
The new Austin Bold FC soccer stadium, located adjacent to Circuit of The Americas, is scheduled for delivery at the start of the 2019 season.
Hyatt Regency Expands in China
Located in the center of Xuzhou, the development includes more than 8,000 square feet of event space, as well as 25 suites, four executive suites and a presidential suite.