La Quinta Inn & Suites
RivieraPoint Tops Off Orlando Hotel
The 101-key La Quinta Del Sol is part of a dual-branded project, which will also include a 98-key Tryp by Whyndham Seaworld.
Central Florida Hotel Trades for $7M
Follow the buyer, RivieraPoint, on a video tour of the 77-key La Quinta Inn & Suites, which the company plans to renovate.
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.
A Year in Review: South Florida’s Hotel Lending Climate
This year proved to be a challenging one for hospitality owners and developers seeking conventional financing. Rodrigo Azpurua, founder & CEO of Riviera Point Development Group, shares the alternative lending sources he has successfully used to secure capital for projects and what he expects in 2018.
Fitch: More U.S. Lodging Consolidation Is Expected
The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.