The Mogharebi Group Advises Portfolio Sale in Utah
The Mogharebi Group has advised a Utah-based private investor on the $8.9 million sale of a 156-key select-service hotel portfolio in Cedar City, Utah.
The...
MCR/MORSE Development Acquires Gramercy Park Hotel
NEW YORK—MCR acquired the Gramercy Park Hotel in New York City. MORSE Development, which developed the TWA Hotel at New York City’s JFK Airport,...
Blackstone, Realty Income Sign Equity Agreement for The Bellagio Las Vegas
NEW YORK and SAN DIEGO—Realty Income Corporation, The Monthly Dividend Company, and Blackstone Real Estate Income Trust, Inc. jointly announced that Realty Income has...
Cronheim Hotel Capital Secures Refinancing for Fairfield Inn & Suites in Manhattan
Cronheim Hotel Capital (CHC) has secured a $22,000,000 loan on behalf of LAM Generation in order to refinance the existing note on the 92-room...
Waramaug Hospitality Acquires Atlanta Marriott Peachtree Corners
CORAL GABLES, Florida and ATLANTA, Georgia—Waramaug Hospitality acquired the Atlanta Marriott Peachtree Corners located northeast of Atlanta's Interstate-285 beltway perimeter within the corridor surrounding...
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Choice Hotels Publishes 2023 ESG Report
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across...
World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique...
Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
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