Hotel
Downtown Tampa Hotel to Open in 2020
The 519-room JW Marriott Hotels & Resorts is part of Strategic Property Partners’ upcoming $3 billion development in the Water Street neighborhood.
AVANA Capital Closes $60M Construction Financing
The company provided the loan to Mogul Capital for the development of a dual-branded hotel, comprising 354 guestrooms, in Hawthorne, Calif.
DelMonte Hotel Group Sells NY Portfolio
Hunter Hotel Advisors represented the seller in the disposition of the Courtyard by Marriott properties, which the new owners plan to renovate by investing $5 million in capital improvements.
In 2017, Marriott Became More International than Ever
The world’s largest hotel company signed contracts for a record 55,000 guestrooms in markets outside North America, mostly targeting Europe and Asia.
Montage to Open Wine Country Hotel
The Montage Healdsburg, set to begin construction this spring, will feature 130 guestrooms on more than 200 acres of land.
BPDA Approves 159-Key Hotel in South Boston
The new hotel will comprise a total of 87,000 square feet across eight stories, of which up to 20,000 square feet of public amenities will be available to serve the neighborhood.
TownePlace Suites in Austin Sells for $20M
The asset is situated near Dell’s corporate campus, Samsung’s semiconductor facility and General Motor’s IT innovation facility. The Texas State Capitol, The University of Texas and The Domain are located just minutes away from the hotel.
Wyndham to Buy La Quinta for $2B
The transaction will expand Wyndham’s hotel portfolio to 21 brands and more than 9,000 properties, and result in the spinoff of La Quinta’s owned real estate assets into the newly formed CorePoint Lodging Inc., which will hold the distinction of being the only pure-play, publicly traded REIT focused exclusively on midscale and upper-midscale lodging.
Sheraton Completes $7M Philly Hotel Renovation
Crescent Hotels & Resorts is the operator of the 250-key property constructed in the 1980s. Balongue Interiors handled the revamping process.
Caliber to Develop Tucson Convention Center Hotel
The company partnered with Rio Nuevo, a municipal stadium and special taxing district, for the currently unbranded hotel. Construction is expected to begin later this year.