Hotel
WPB Marriott Receives $42M Construction Loan
Concord Hospitality Enterprises Co. intends to build a 208-key luxury hotel until the fall of 2019. Aztec Group originated the loan on behalf of the operator.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.
Tishman Expands Orlando Hospitality Portfolio
Karlson’s Hospitality traded the three properties, which include 400 guestrooms, for $66 million. The new owner funded the acquisition with a $58.5 million loan.
CLG Hedge Fund Originates $105M Construction Loan for TX Hotel
The Sam Moon Group broke ground on the Hyatt Regency Stonebriar, an 18-story, 303-key hotel that will be built on to the Stonebriar Center mall and feature a conference center and public library.
Ground Breaks on $115M Hotel in Charlotte
Adding to the city’s growing lodging portfolio, The Kessler Collection will develop the luxury, 254-key Grand Bohemian in the thriving Uptown submarket.
Flank, Marriott Open GA Hotel
The 179-key Perry Lane Hotel is situated in the heart of Savannah and occupies the site of a former parking lot.
BWI Airport Sheraton Hotel Changes Hands
Vista Group of Cos. acquired the 203-key Sheraton Hotel Baltimore Washington Airport. The property is a seven-minute drive from the airport, offering a complimentary shuttle service.
MCR Closes $300M Hospitality Fund
The seventh-largest hotel owner-operator in the U.S. added 11 hotels to its first fund and has an additional five hotel deals in its pipeline.
HFF Names Managing Director in Atlanta
Chris Dewey, who possesses more than 18 years of commercial real estate experience, will focus on hotel investment advisory transactions.
MCR Acquires Trio of Hilton Hotels Near University of Illinois
The U.S.’s seventh-biggest hotel owner-operator toasts the addition of three properties in Champaign, near the home of the Fighting Illini, including a Homewood Suites just steps from the campus.