Hotel
Marriott Recapitalizes Aruba Property
The proceeds of the $195 million mortgage on the 414-key resort and casino financed the buy-out of some of the property’s partners.
Cambria Breaks Ground in Historic Savannah District
Choice Hotels and HOS Management began work on the 103-key, six-story property. This is the brand’s first location in Georgia.
Central OR Resort Trades for $12M
KDG Capital acquired the Eagle Crest Resort, which includes a 100-key resort hotel situated on more than 1,700 acres of land.
Aloft Hotel Receives $18M Construction Loan
Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.
4,000-Key Resort Planned for Dormant Vegas Site
The 25-acre parcel that has been home to the remnants of the unfinished and ill-fated Fontainebleau casino hotel project for nearly a decade will finally come to life as The Drew Las Vegas.
Marriott Unveils Milwaukee Airport Hotel
The Four Points by Sheraton Milwaukee Airport offers 178 guest rooms and more than 17,000 square feet of meeting and event space.
Skanska Sells Hotel Development for $53M
The transfer of the 229-key, 18-story asset to Balder will take place upon completion of the project, scheduled for the first quarter of 2021.
Richmond All-Suite Hotel Sells for $9M
Stay Over Suites in Hopewell, Va. is located within a 30-minute drive south of downtown Richmond and comprises 108 suites in two separate buildings.
IHG Opens Saudi Arabia Crowne Plaza
The 326-key hotel and convention center is IHG’s seventh property in Riyadh, and it features nearly 130,000 square feet of conference and meeting space.
Spanish Conglomerate Buys $58M Miami Beach Hotel
Paul Weimer and Christian Charre of CBRE Hotels represented seller Rockwood Capital in the disposition of the recently refurbished art-deco property.