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Is There Good News for Hotels in Atlantic City?

Is There Good News for Hotels in Atlantic City?

Despite all the headlines about a number of casino hotels closing and the rapid downward spiral in gaming revenues in the last few years, analysts and representatives of Atlantic City’s hotel and tourism industry do see positive signs. For instance, ...

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DusitD2 Constance Pasadena Receives $6.8M PACE Bond

DusitD2 Constance Pasadena Receives $6.8M PACE Bond

LOS ANGELES—Structured Finance Associates LLC has announced the origination, structuring, and funding of a PACE bond with Los Angeles County in the amount of $6,860,000 for the DusitD2 Constance Pasadena located in Pasadena, Calif. “We are pleased to have the ...

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Hard Rock Hotel in Palm Springs Raises $1.5M

Hard Rock Hotel in Palm Springs Raises $1.5M

PALM SPRINGS, Calif. and LOS ANGELES—Realty Mogul, along with Kittridge Hotels & Resorts LLC, announced today that stakes in the Hard Rock Hotel in Palm Springs are officially sold out. The Hard Rock Hotel in Palm Springs is the first ...

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RLJ Lodging Trust Acquires Hyatt Atlanta Midtown

RLJ Lodging Trust Acquires Hyatt Atlanta Midtown

BETHESDA, Md.—RLJ Lodging Trust today announced that it has acquired the 194-room Hyatt Atlanta Midtown located in Atlanta, Ga., for a purchase price of $49.5 million, or approximately $255,000 per key. The purchase price represents a forward capitalization rate of ...

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