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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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PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

ATLANTA, Ga.—According to the March 2014 edition of PKF Hospitality Research LLC’s (PKF-HR) Hotel Horizons forecast report, the U.S. hotel occupancy rate will finally recover to pre-recession levels in 2014. Given this lofty level of performance, many industry participants are ...

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InterContinental Opens First Hotel in Nha Trang

InterContinental Opens First Hotel in Nha Trang

VIETNAM—InterContinental Hotels Group has opened the doors of the brand new InterContinental Nha Trang in the coastal city of Nha Trang, Vietnam. The 279-room hotel overlooks the coastline and waters of the Nha Trang Bay and includes 56 suites. The ...

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Hilton Announces New Hotel in Zhengzhou, China

Hilton Announces New Hotel in Zhengzhou, China

ZHENGZHOU, China and MCLEAN, Va.—Hilton Hotels and Resorts and Hilton Worldwide have announced the opening of Hilton Zhengzhou. The opening marks the first Hilton Hotels and Resorts property in Henan Province. Strategically situated in the center of Zhengzhou, the 39-story ...

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RLJ Lodging Trust Acquires 10-Hotel Portfolio

RLJ Lodging Trust Acquires 10-Hotel Portfolio

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that their affiliates have closed on the previously announced purchase and sale of 10 Hyatt, Hyatt Place, and Hyatt House hotels, totaling 1,560 rooms. Hyatt affiliates will manage the hotels under ...

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