Hotel
Marriott Opens 5th US Moxy Hotel
Graves Hospitality owns the Minneapolis project, which marks Marriott’s 22nd Moxy hotel worldwide and the second built from the ground up in the U.S.
Proposed Miami Springs Hotel Receives $15M Loan
Boaz Ashbel, managing director of Aztec Group, arranged the construction financing on a behalf of an entity led by Steven Marin and Michael Pfeffer.
Doubletree Opens Doors in VT
The 309-key property, located near Burlington, was extensively renovated prior to opening. The hotel’s attached 30,000-square-foot conference center is expected to open this fall.
Hilton Dual-Branded MA Hotel Breaks Ground
The hotel, which is part of the $55 million Woburn Landing development near Boston, will include a 103-key Homewood Suites, while Hampton Inn will comprise 132 rooms.
Hilton to Expand Curio, Tapestry Brands
With an aggregate 75 new hotels in the works, the two collections are set to expand their presence around the world.
AVR Snags $72M VA Hotel
SVN|Hamm & Co. represented the buyer in its purchase of Residence Inn Alexandria Old Town/Duke Street in Alexandria, which features 240 guestrooms across 257,000 square feet.
Tax Reform’s Unintended Impact on Hospitality
New rules for entertainment deductions and pass-through structures have long-term implications for the hotel industry, contends a veteran real estate attorney and hospitality expert.
Gene Kaufman-Designed NYC Hotel Tops Out
The $10 million property will feature 79 guestrooms across 21 stories totaling 34,000 square feet. Optima Real Estate is the project’s developer.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
Microhotel Operator Opens Times Square Location
This marks the company’s fifth—and largest—property under the Pod flag. The 28-story building offers 665 guestrooms averaging about 115 square feet, as well as 45 suites.