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Strategic Hotels and Resorts Completes Exit from Europe

Strategic Hotels and Resorts Completes Exit from Europe

CHICAGO—Strategic Hotels and Resorts Inc. has announced the closing of the sale of the Marriott London Grosvenor Square hotel and the acquisition of the remaining 50 percent ownership interest in the Fairmont Scottsdale Princess. Combined with the previously completed sale ...

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Shaner Hospitality Closes on $8.25 Million Investment

Shaner Hospitality Closes on $8.25 Million Investment

STATE COLLEGE, Pa.—Shaner Hospitality Finance, a financial services firm specializing in serving the hospitality industry, has announced the completion of an $8.25 million investment in the Southbridge Hotel and Conference Center in Southbridge, Mass. Shaner Hospitality Finance purchased the existing ...

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Mission Capital Arranges Financing for GEM Hotel Chelsea

Mission Capital Arranges Financing for GEM Hotel Chelsea

NEW YORK—Mission Capital Advisors announced that its debt and equity finance group arranged $33 million in financing on behalf of New York-based investment and management company Icon Realty Management. The financing, a combination of CMBS and mezzanine, was arranged to ...

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