Hotel
Radisson Opens New Hotel in Eastern KS
The Country Inn & Suites in Lawrence features 89 guestrooms and is located within four miles of the University of Kansas.
DoubleTree by Hilton Greensboro Receives $21M Refi
Milestone Hospitality Management will use the non-recourse loan to refinance the 175-key hotel’s existing financing and to fund a brand-required property improvement program.
Seattle Marriott Lands New Management
The property, which opened in August of 2017, includes 234 guestrooms in downtown Bellevue, half a mile from Interstate 405.
Hersha Sells Manhattan Hotel for $32M
The firm traded the 81-key Hampton Inn Financial District as part of its capital recycling program. Solid Rock Advisors advised Hersha on the sale.
NKF Arranges $27M Loan for Florida Hilton
The recently renovated Hilton Melbourne Rialto Place features more than 250 guestrooms and 12,000 square feet of retail space, including the largest ballroom in the county.
Hospitality Gains Momentum in 2018
Uncertainty about the federal government’s tax and fiscal policy slowed hotel transaction velocity in 2017, but sales activity is expected to increase this year, according to Marcus & Millichap’s 2018 Hospitality Investment Forecast.
Hawaii Hotel Fetches $200M
Continuing its portfolio upgrade, Xenia Hotels & Resorts sold its leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.
DoveHill Capital, Wurzak Acquire NoVa Hotel
The 298-key Sheraton Reston is situated in the Washington, D.C., suburb of Reston, the second-largest office market in Fairfax County.
Boyne to Repurchase 6 Ski Resorts
The mountain resort owner and operator will buy six previously owned properties in the U.S. and Canada from an affiliate of Oz Real Estate. Boyne sold the assets more than 10 years ago in sale-leaseback transactions.
AccorHotels Opens Largest Fairmont in US
The 1,048-key Fairmont Austin is sited next to Palm Park and Waller Creek and has direct access to the Austin Convention Center via the Red River Canopy Walk.