Hotel
Q&A: Making the Most of Experiential Hospitality
BTI Partners’ Kevin Mays discusses trends and opportunities in the hospitality sector but also ways in which owners, developers and managers can improve the quality of their assets in an increasingly competitive environment.
On the Market: 5 Interesting Listings for June
This month’s listings include a boutique resort surrounded by tropical gardens in West Palm Beach, Fla.; an inexpensive, historic multifamily building in Ohio; and a former fire house in Fulton Market, Chicago.
Marriott Breaks Ground on $600M HQ Campus
The Bernstein Cos. and Boston Properties are developing the project, which will bring both the hospitality company’s headquarters office and a Marriott hotel to downtown Bethesda, Md.
Blackstone Trades $170M South FL Hotel
Brookfield Property Group picked up the 589-key Hilton Fort Lauderdale Marina. The previous owner renovated the 1980s-era asset 10 years ago.
Louisiana’s Margaritaville Resort Casino to Sell for $376M
In separate transactions, VICI Properties will acquire the Bossier City, La., gaming destination’s real estate properties, while Penn National Gaming will purchase the operating assets.
HFF Brokers Sale of 191-Key VA Hotel
Westin Reston Heights, which opened in 2008, is within walking distance of the upcoming Reston Town Center Metrorail Station, while Dulles International Airport is a 10-minute drive away.
First SCP Hotel to Open in Colorado Springs
The SCP Hotel Colorado Springs features 98,000 square feet of space including a 12,000-square-foot health and wellness venue, a 2,000-square-foot lobby, a 500-square-foot meeting room and a 1,000-square-foot fitness center.
Hospitality Properties Trust Buys Minneapolis Hotel
The Radisson Blu Minneapolis Downtown features 29,000 square feet of meeting and event space and offers convenient access to the Minneapolis—St. Paul International Airport.
Delta Hotels by Marriott Comes to Chesapeake Bay
The recently transacted hotel, situated on the Chesapeake Bay beach, will undergo a $25 million renovation program in the fourth quarter of 2018.
AD1 Global Purchases Myrtle Beach Hotel
Hunter Hotel Advisors represented the seller, Vista Hospitality Group, in the disposition of Courtyard by Marriott Myrtle Beach Barefoot Landing, located within the Barefoot Landing mixed-use development.