LCP Provides a Construction Loan to Develop The Printing House
NEW YORK—The LCP Group, L.P. (LCP), a vertically integrated private real estate investment firm, announced it originated a $45,250,000 construction loan to Sun Development...
STR: July 2021 U.S. Hotel GOP Level Surpassed 2019 Comparable
BROOMFIELD, Colorado—Estimated U.S. hotel gross operating profit for July 2021 came in at 111 percent of the 2019 comparable, according to STR's latest monthly...
Lark Hotels Announces New Hotel and Partnership with Angevin & Co.
NEW ORLEANS—Lark Hotels announces that the boutique hotel company has entered into a new partnership with New Orleans-based hospitality group, Angevin & Co., founded...
Phoenix Downtown AC Marriott Sale Brokered by NewGen Advisory
PHOENIX—NewGen Advisory (NewGen) brokered the sale of the newly opened Phoenix Downtown AC Marriott. The property was opened in February 2021 and has 199...
Lodging Econometrics: Global Hotel Construction Pipeline Slightly Decreases
Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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