News
Banyan Buys 2 GA Hilton Hotels
The company purchased Hilton Garden Inn Columbus and Homewood Suites by Hilton Columbus, and plans to implement a $3.8 million renovation plan.
Thompson Creek Relocates MD HQ
The company has kept its Lanham footprint by moving 150 employees to a recently purchased and renovated Class A office building.
Private Equity Checks in With Hospitality
Pryor Cashman LLP‘s Todd Soloway outlines the impact private equity investment is having on the industry, as well as the most common legal issues his hospitality clients encounter.
Economy Watch: State Labor Markets, Construction Costs Stay in Growth Mode
Over the past three months, all 50 states have posted increases in the Philadelphia Fed’s index of economic indicators. Construction materials prices in March were up 5.8 percent year over year, the Associated Builders and Contractors reported, even as declining natural gas prices help mask rapidly rising costs in other categories.
Fourth Cambria Hotel Opens in Dallas
Situated in downtown Dallas, the adaptive reuse project is franchised by Choice Hotels International Inc. and features an 87-year-old art deco style.
RBC Wealth Signs 310 KSF Office Lease
The company will move its employees into United Properties’ soon-to-be redesigned, 33-story tower located in downtown Minneapolis. The mixed-use project will include office space, a hotel and residential condos.
Tampa Office Building Bolsters Tenant Roster
Brighthouse Financial, a major provider of annuity and life insurance, will occupy roughly 20,700 square feet at The Dilweg Cos.’ four-story Tampa Oaks One.
Ashford Hospitality Completes 22-Hotel Portfolio Refi
The Dallas-based hotel REIT is continuing its strategy of taking advantage of an attractive lending market, closing its second refinancing this year on the heels of several late 2017 transactions.
$45M Financing Earmarked for Iconic SF Hotel
The George Smith Partners team led by Malcolm Davies worked on behalf of The Kor Group to replace an existing construction loan and mezzanine facility.
Lightstone Buys Queens Hilton Garden Inn
The 183-key hotel was completed in 2015 and is LEED Certified. The acquisition will be a joint venture between the company’s REIT II and REIT III.