Remove Closing Remove Management Remove Real Estate
article thumbnail

JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

Global real estate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.

article thumbnail

‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

The “hotly contested sale process”, managed by agents Stonebridge Property Group and HTL Property, saw in excess of 300 enquiries, and over 20 formal offers received at the close of first round bids.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

McKibbon Acquires Hilton Garden Inn Orlando I-4 Millenia Blvd Mall

Lodging

ORLANDO, Florida—McKibbon Equities has closed on the purchase of Hilton Garden Inn Orlando I-4 Millenia Blvd Mall. The closing of the 132-room hotel represents the third portfolio investment for McKibbon Income Fund I, a real estate investment fund focused on acquiring existing select-service and extended-stay hotels.

article thumbnail

Peachtree acquires sixth DST-structured hotel

Hotel Business

This latest DST offering is the third to close this year following the completion of the Residence Inn Tampa Wesley Chapel DST in November. The Home2 Suites property is located off I-95 and is close to downtown St. Augustine, one of Florida’s most popular tourist destinations.

article thumbnail

Hyatt to sell Playa properties to Tortuga for $2B

Hotel Business

Hyatt Hotels Corporation has entered into a definitive agreement to sell the entirety of Playa Hotels & Resorts ‘ owned real estate portfolio, acquired from Playa on June 17 for $2 billion , to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Goldman Sachs & Co.

article thumbnail

Island Hospitality adds San Jose TownePlace Suites

Hotel Business

Island Hospitality Management has been selected as the management company for the under-construction TownePlace Suites San Jose, which will be located in downtown San Jose. The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University.

article thumbnail

HALL Structured Finance closes $41.13M loan to develop Dellshire Resort

Hotel Business

Dallas-based HALL Structured Finance (HSF) has closed on a first-lien construction loan totaling $41.13 The company manages a diverse portfolio including family entertainment centers, convenience stores, luxury rental properties and commercial real estate across the U.S. million in C-PACE financing.

Closing 59