Hotel Indigo
Banyan Investment Group Buys Alabama Hotel
An affiliate of the firm acquired the first hospitality property in Tuscaloosa, Ala., to overlook the Black Warrior River.
Berkadia Arranges $56M for IL Mixed-Use Development
The firm’s Hotels & Hospitality group represented Marquette Cos. The refinancing comes as the construction of the Water Street District project nears completion.
Hawkeye, HOS Acquire $9M Florida Hotel
Marcus & Millichap brokered the sale of Hotel Indigo in downtown Fort Myers, which features a rooftop pool and bar, as well as a fitness center.
George Smith Partners Arranges $32M for Coachella Hotel Development
California’s first PACE-financed hotel project, IHG Hotel Indigo will receive $8 million in financing for energy efficiency, as well as a $24.4 million senior construction loan.
Coachella Hotel Receives $8M Funding
The financing represents 15 percent of the total $51 million development cost for IHG-Hotel Indigo. Pace Equity secured the loan in partnership with Renew Financial.
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.
IHG to Open First Hotel Indigo in Japan
The joint venture between InterContinental Hotels Group and ANA will open the first Hotel Indigo property in Japan in 2019. The hotel is just 90 minutes from Tokyo’s city center.
Asian Investors Flock to Downtown LA
Mega-luxury projects are taking shape in the area, helping revitalize the city. But some executives at the 2017 ULI Fall Meeting expressed concern about the potential for oversupply.
Construction Begins on Manhattan’s Second Hotel Indigo
The 90,000-square-foot hotel will be designed by Gene Kaufman Architect and will be located at 8-10 Maiden Lane in Manhattan’s Financial District.
Hotel Indigo Expands Mile-High City Footprint
The 180-key property is located in the heart of LoDo.