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Global realestate 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.
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.
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 realestate investment fund focused on acquiring existing select-service and extended-stay hotels.
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.
Hyatt Hotels Corporation has entered into a definitive agreement to sell the entirety of Playa Hotels & Resorts ‘ owned realestate 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.
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.
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 realestate across the U.S. million in C-PACE financing.
“His strategic mindset and deep industry relationships will help guide our growth by pairing Quorum with ownership groups seeking relationship-first, impactful hotel management.” At Hyatt, he was closely involved in the development of more than 130 hotels and the launch of the Hyatt Place and Hyatt House brands.
Aimbridge Hospitality has appointed a refreshed, expanded Board of Managers for the company. The four new managers Glenn Alba , Rich Gomel , Carrie McIntyre and Emanuel (Manny) Pearlman join current board members Steve Joyce and Craig S. . and abroad. He previously founded and served as CEO of Opterra Capital. hotel investments.
Originally opened in 1969 and most recently renovated in 2021, the property is close to Plymouth Rock and the Mayflower II, making it a key asset in the state’s heritage tourism corridor. Ruberto, Israel & Weiner’s Commercial RealEstate team, led by Michael Rosen, represented Mount Vernon in this transaction.
Peachtree Group has launched its Peachtree Special Situations Fund, a $250 million fund designed to unlock value in mispriced, high-quality hotel and other commercial realestate assets due to today’s capital market illiquidity rather than underlying fundamentals, according to the company. “We
Salter Brothers has partnered with Tokyo Century as its investment manager for the joint venture development of the Hotel Indigo Changi Airport with OUE Limited. We are delighted to partner with Tokyo Century in executing their first realestate investment in Singapore, said Paul Salter, Managing Director of Salter Brothers.
After an early focus on legal studies, she complemented her education with advanced studies in Food & Beverage and Hospitality Management at LUISS University and Cornell University—two institutions at the forefront of business and hospitality education. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
For this, there’s no better place to look than Miami, a city that’s undergone a renaissance of new development across many realestate sectors over the past decade, with a rapidly burgeoning population of individuals focused on healthy living. Where do you see the wellness realestate industry going? Martin: Absolutely.
Gordon and Rasha represent the best in their fields, and I look forward to working closely with them to define the next chapter for this iconic brand, she said. The post Kempinski makes key global executive appointments appeared first on Hotel Management.
Trailing net operating income increased meaningfully from marketing through closing, underscoring the lender’s conviction in the asset’s ramp-up potential and the creative, forward-thinking approach taken by all parties involved, according to the company. Beach Club.
We have respected and benefitted from Playas operating expertise and outstanding guest experience delivery for years through their ownership and management of eight of our Hyatt Ziva and Hyatt Zilara hotels. It was first reported that Hyatt was in talks with Playa on the acquisition on Dec. 23, 2024. BofA Securities, J.P.
Closing of this transaction is expected in the coming months, with the hotel scheduled to open in 2029. It combines an innovative upscale select-service model with service flexibility, creating operational efficiencies and unlocking realestate value as a result.
And so, just as hospitality finds a way to stand the test of time, life has brought us full circle back to Kona Village, in this instance by granting us the opportunity to sit down with Daniel Scott , Regional Vice President and Managing Director of Kona Village, A Rosewood Resort for an interview on what gives this property so much soul.
Under the new partnership, Highgate-managed properties have access to exclusive pricing and support teams for SONIFIâs full suite of solutions, including Wi-Fi, interactive TVs, streaming and free-to-guest programming. âFinding the free time to analyze each cost in a mountain of data is a real challenge.
A joint venture between Sage Lane Partners , a private equity realestate firm that specializes in sourcing, acquiring, developing and asset managing investment properties, and ARK Holdings has acquired the 101-room Hampton Inn & Suites Prattville in Prattville, AL. ARK Hospitality will operate the hotel.
So the transaction market’s been quite muted, albeit there’s, according to data and research, around $300 billion of dry powder sitting on the sidelines, specifically geared towards realestate. Guest to front desk manager, down to investor to investor, nothing gets done in hospitality.
McKibbon Equities has closed on the purchase of the Hilton Garden Inn Orlando I-4 Millenia Blvd Mall. The acquisition of the 132-room hotel represents the third portfolio investment for McKibbon Income Fund I, a realestate investment fund focused on acquiring existing select-service and extended-stay hotels.
The signing was celebrated at a special ceremony in Porto de Galinhas, attended by local government officials, representatives from the owning realestate firm, Marriott executives, and members of the media. This announcement builds on the brand’s recent momentum across the Caribbean and Latin America (CALA) region.
Jeff Plamondon, director, realestate and business development, Plamondon Hospitality Partners, added, “Owning the land unlocks the next critical milestone: groundbreaking. “This purchase represents more than just land—it’s the final piece needed to move from planning into action. Once a trolley station, the Trolley Building at 200 E.
” Karin Sheppard, Senior Vice President and Managing Director, Europe, IHG Hotels & Resorts, said: We are delighted to announce this Ruby Hotel signing in Berlin together with The Ruby Group little more than a month since IHGs acquisition of the Ruby Hotel brand.
in Abandoned Bookings Property management software Hospitable has helped US hosts recover more than $1.2 However, as most commercial teams have begun integrating revenue management, marketing, and distribution to drive greater efficiency and outcomes, the 2025 edition reflects this shift.
Both my parents, were both general managers. Both of them started in the hospitality industry, line level, housekeepers, bellman, and then, you know, the typical hospitality love story fell in love, one became a front office manager. You’re now a general manager. I’m one of the I guess, rare breeds. Figure it out.
SIHOT, one of the leading hotel management systems, has delivered a fully integrated tech stack for fidelis to implement back-office and customer-facing digital solutions with ease and convenience. in Abandoned Bookings Property management software Hospitable has helped US hosts recover more than $1.2 Read the full case study.
His experience, leadership, and deep understanding of our space make him the ideal choice to guide the company into its next chapter.â âI am honored to serve as the next CEO of this exceptional company and work with our talented teams globally to deliver differentiated revenue management solutions to the hospitality industry,â said Zoghlin.
KHP Capital Partners , a private realestate investment firm focused on acquiring and creating lifestyle hotels, has closed on $300 million of commitments for its sixth discretionary realestate fund. Today, the company is led by Managing Partners Rowe and Long, and Jeff Stulmaker, partner/chief investment officer.
The hotel will now be managed by AWH Partners-subsidiary Spire Hospitality. “This acquisition is AWH Partners’ most recent investment resulting from our proprietary, best-in-class technology and data platform that will be central to the strategic expansion of our portfolio,” said Chad Cooley, managing partner.
Blackstone and Allegiant Travel Company have revealed that funds affiliated with Blackstone RealEstate have agreed to acquire Sunseeker Resort Charlotte Harbor on the Gulf Coast of Florida from Allegiant for $200 million. of indoor meeting space. ” Gregory C. . ” Gregory C.
âN49P has supported Appetronix from the very start, recognizing the teamâs exceptional blend of expertise in robotics, software, and food industry insights,â said Alex Norman, Managing Partner at N49P. in Abandoned Bookings Property management software Hospitable has helped US hosts recover more than $1.2
I have worked closely with Janice over the years and believe that she is best positioned to lead as interim CEO. Sonder has an immensely talented team, and I will continue to work closely with the board and management to advance our initiatives during this interim period.”
Deliverect, a global leader in order management and integrations, connects digital ordering channels directly with restaurant POS systems to help QSRs run more efficiently and deliver better customer experiences. in Abandoned Bookings Property management software Hospitable has helped US hosts recover more than $1.2
Based on latest capital commitments, CLI’s funds under management will also increase by approximately S$470 million as a result. Advertisements Mr Mak Hoe Kit, Managing Director, Lodging Private Equity Funds, CLI , said: “ Japan is one of Asia’s most developed and liquid realestate markets, supported by deep capital pools.
He will also work closely with the capital markets team in the Tampa office, which is led by Lee Weaver, senior managing director and Tampa office co-head. ” Krapf brings more than a decade of experience, having closed more than $5 billion in debt/equity placement and investment advisory transactions since 2014.
Hotel management company EOS Hospitality has appointed Ernest Lee as chief commercial officer. He will collaborate closely with property teams to refine and elevate revenue management, distribution, marketing and sales strategies. He joins EOS Hospitality from citizenM, where he served as chief commercial officer.
MILWAUKEE—Marcus Hotels & Resorts announced that it has reached an agreement to jointly acquire the Loews Minneapolis Hotel with Hempel RealEstate and Robinson Park Investments. The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions.
MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel RealEstate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The terms of the transaction were not disclosed.
Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction. This follows the termination of the hotel management agreement between Hyatt and the hotel’s owner, Tuan Sing Holdings Limited.
ATLANTA, Georgia—Noble Investment Group announced that it held the final closing for Noble Hospitality Fund V, L.P. This is the fifth of Noble’s flagship series of realestate funds focused on value-added investments in select-service and extended-stay hotels across the United States. Noble Fund V).
When LODGING spoke to Alex Kirkwood, founder & CEO of the eponymous Kirkwood Collection, he was “in chaos mode in escrow closing on two deals” for his fast-growing luxury boutique hotel investment, development, and management firm.
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