JLL Capital Markets Arranges Financing for Hotel Granduca
NEW YORK— JLL Capital Markets announced that it arranged $30.6 million in financing for the 122-key Hotel Granduca in Houston, Texas. JLL represented the borrower, Transwestern...
CoStar: U.S. Hotel Performance Increases Yet Comparisons Remain Mixed
WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar's latest data through Feb. 10, 2024.
U.S. Hotel Performance
February...
Wyndham Reports Full-Year and Q4 2023 Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months and year ended Dec. 31, 2023. Highlights include:
System-wide rooms grew organically by...
MGM Resorts International Reports Q4 and Full-Year 2023 Financial Results
LAS VEGAS, Nevada—MGM Resorts International reported financial results for the quarter and year ended Dec. 31, 2023.
"Our Las Vegas Strip Resorts and MGM China...
Marcus Hotels & Resorts Agrees to Jointly Acquire Loews Minneapolis Hotel
MILWAUKEE—Marcus Hotels & Resorts announced that it has reached an agreement to jointly acquire the Loews Minneapolis Hotel with Hempel Real Estate and Robinson...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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