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Arriba Capital closes $52.5M construction loan for Houston hotel

Hotel Business

Arriba Capital recently closed a $52.5 million ground-up construction loan for a Holiday Inn Express and Staybridge Suites dual-brand property in the central business district (CBD) of Houston. The post Arriba Capital closes $52.5M construction loan for Houston hotel appeared first on hotelbusiness.com.

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Crystalbrook to enter fast-growing Adelaide market with $130 million new-build hotel

Hotel Management

Crystalbrook Collection is set to expand into the South Australia market following the signing of a AU$130 million new-build hotel in Adelaide’s CBD with local property developer, Samaras Group. Crystalbrook Collection has invested in excess of $1bn in Australia where we operate close to 2,000 rooms, including those under development.

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Robust new construction, renovation and conversion announcement activity over the last 12 months

Hotel Business

Over the last 12 months, new hotel construction projects, announced renovations and brand conversions continued to grow, with renovation and conversion activity hitting record highs quarter-over-quarter (QOQ). Over the last year, new hotel construction projects, renovations and brand conversion announcements have increased significantly.

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Exclusive: Radisson development boss Ramzy Fenianos talks SEAP growth strategy

Hotel Management

Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. 2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. What SEAP markets are a key focus for Radisson Hotel Group and why?

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JLL arranges $750M construction loan for Harvard project

Hotel Business

JLL’s Capital Markets group has arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-sq.-ft., The loan represents one of the country’s largest construction loans closed this year. mixed-use development minutes from Harvard University in Allston, MA.

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Palladius, Marquee JV provides construction financing

Hotel Business

million loan to finance the construction of the Cambria Hotel Hillsboro, a four-story, 115-key asset in Hillsboro, OR. This transaction illustrates that during these volatile capital markets times, while most regional banks have materially reduced their lending capacity, we remain present and ready to lend to qualified projects.

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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands.

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