Sonnenblick-Eichner Arranges Refinancing for Texican Court Hotel
LOS ANGELES, California—Sonnenblick-Eichner Company on behalf of Valencia Hotel Group has arranged $19.5 million of first mortgage debt to refinance the Texican Court hotel...
JLL Arranges Sale of Hyatt Place Pittsburgh Airport / Robinson Mall
NEW YORK—JLL’s Hotels & Hospitality Group announced that it arranged the sale of the 127-room Hyatt Place Pittsburgh Airport / Robinson Mall in Pittsburgh,...
Apple Hospitality REIT Acquires AC Hotel by Marriott Washington DC Convention Center
RICHMOND, Virginia—Apple Hospitality REIT, Inc. announced the acquisition of the 234-room AC Hotel by Marriott Washington DC Convention Center for approximately $116.8 million, or...
Access Point Financial Unveils PIP Renovation Program
Access Point Financial (APF) announced the launch of its PIP Renovation Program designed to support hotel owners in meeting franchisor-mandated improvements and refreshing their...
Peachtree Group Thrives Amid Debt Market Dislocation, Anticipates Deploying $1.0 Billion
Peachtree Group announced it closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the...
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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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