Hotel
RLJ Sells Luxury Boston Hotel for $170M
The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.
Summer Street Hotel Approved in Boston
The approved project includes a 1,050-key hotel and the creation of new, direct connections to South Boston Waterfront Transportation Center and the Boston Convention and Exhibition Center.
Home2 Suites Opens Near Oklahoma City Airport
Platinum Hospitality will manage the 115-key hotel, which features tech-focused and eco-conscious amenities as well as the option to customize suite furniture according to each customer’s own preferences.
HSF Closes $55M Construction Loan for New CA Hyatt
The 150-key property is scheduled to open in early 2019 and will feature a full-service spa and fitness center along with 30,000 square feet of retail.
Thor Equities Snags NYC Boutique Hotel
The 114-key James New York-SoHo features three food and beverage spaces, as well as meeting and event areas totaling 1,500 square feet.
Marriott International Opening 40 Luxury Hotels in 2018
The company is set to expand its luxury footprint with another 200 hotels in the development pipeline, set to open across 25 new countries.
Tru by Hilton Opens in Vegas
The property is currently the largest hotel under the Tru brand. It is owned by the United Brotherhood of Carpenters and managed by Prism Hotels & Resorts.
HVMG Sells NC Embassy Suites
HVMG has sold the 146-key Embassy Suites in downtown Winston-Salem, N.C. The hotel is in convenient proximity to Smith-Reynolds and Piedmont Triad International airports.
Alabama Hotel Awarded LEED Silver Certification
The 91-key, pet-friendly asset located in downtown Tuscaloosa is the second Alabama hotel to receive the certification.
New Fairfield Inn & Suites Opens in Manhattan
Crescent Hotels & Resorts will manage the 192-key asset in Lower Manhattan. The hotel features an open lobby, fitness center, work area and other amenities.