Hotel
Choice Hotels Opens Downtown Atlanta Asset
The 104-key Clarion Inn & Suites is positioned near the city’s Mercedes-Benz Stadium and makes up part of the Russell Hospitality Campus at Castleberry Hill.
CBRE Hotels Taps New SVP
Cara Leonard will coordinate with existing team members in arranging financing for large institutional and middle market hotels and resorts.
Wyndham Closes $1.3B Sale of European Vacation Business
Private equity firm Platinum Equity acquired the concern, which is the largest manager of holiday rentals in the region. The deal comprises more than 110,000 units in 25 countries.
CSM Completes Renovations for Portland Hotel
The 202-key Courtyard Portland Downtown Convention Center Hotel now features new seating, desks, dresser, carpet and wall coverings, among other improvements.
JV Makes Oceanfront Resort Purchase in Mexico
Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP teamed up to acquire the 375-key Hilton Los Cabos Beach & Golf Resort.
HREC Brokers IL Embassy Suites Sale
A joint venture between Hotel Capital and ORIX Real Estate Americas purchased the 209-key, recently renovated asset in an off-market transaction.
Coachella Hotel Receives $8M Funding
The financing represents 15 percent of the total $51 million development cost for IHG-Hotel Indigo. Pace Equity secured the loan in partnership with Renew Financial.
MCR Acquires Cincinnati Hilton Garden Inn
The firm will also manage the 88-key Hilton Garden Inn Cincinnati Northeast, which features a fully equipped fitness center, a 24-hour business center and an indoor pool.
Marshall Hotels to Manage Central AL Asset
The 63-key Hotel Indigo, previously known as The Hotel Highland at Five Points South, sits a short walk from the University of Alabama at Birmingham.
Historic San Francisco Hotel Changes Management
Sonesta International will operate the 372-key luxury property. The asset, placed in the heart of the Tenderloin neighborhood, opened in 1915.