Hotel
Hilton City Center Opens in Mile-High City
The 316-key property was renamed after a $27 million renovation. Previously known as Marriott Denver City, the 20-story building is the metro’s third-largest hotel.
Clarion Partners Sells Hotel Portfolio for $135M
The collection of Courtyard by Marriott properties, totaling more than 1,900 guestrooms across nine states, is now under the ownership of Toronto-based Skyline Investments.
CBRE Hotels Scores 9th Deal in the Chicago Area
The transaction included two Fairfield Inn & Suites properties located in Naperville and St. Charles, Ill. Vice Presidents Nate Sahn and John Karver represented the owners.
Laurus Corp. Unveils CO Resort After $60M Renovation
The former Vail Cascade Resort and Spa will be the first ski destination in North America to join The Luxury Collection’s portfolio.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
On the Market: 5 Interesting Listings for November
This month’s listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
Hospitality Ventures Completes Phoenix Hotel Renovation
The Embassy Suites by Hilton Phoenix North has opened its doors north of the city center, following extensive renovation work.
NH Hotel Group Lands $3B Merger Bid
The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.
Airbnb Going Strong in Texas
According to AirDNA data, three major Texas metros are witnessing an important growth in Airbnb user adoption. Austin, Houston and Dallas have seen the total number of listings increase by as much as 90 percent year-over-year in October.
Airbnb Faces Adoption Slowdown
A recently published report by Morgan Stanley shows that Airbnb’s initial utilization rate prediction for 2017 will only be reached by the end of next year. In the light of the platform’s struggles to maintain the momentum gained in 2015 and 2016, online travel agencies gain significant ground.