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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.
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.
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.
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.
Jefferson, along with Marcus & Millichap’s Jack Davis, Eric Webster, and Joce Messinger, exclusively marketed the property on behalf of the seller, a […] The post Marcus & Millichap Closes Sale of Sleep Inn Sumter appeared first on LODGING Magazine.
Hyatt Hotels Corporation has agreed to sell Playa's owned realestate portfolio to Tortuga Resorts for $2 billion, with the transaction expected to close by the end of 2025.
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.
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.
Dobbins has focused on hotel realestate and development across a wide range of segments, including select-service, experiential, boutique hotels and luxury resorts throughout his career. 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.
The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University. We are very excited for the opportunity to work with an owner who is a premier realestate development firm with a long-standing and award-winning history in the San Jose, CA, market, said Gregg Forde, president/COO.
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
All three hotels reside in prime realestate locations within urban, high barrier-to-entry markets with strong demand drivers, according to the company. Hotel ZaZa Austin Downtown is close to Austins Central Business District with its dense corporate presence and acclaimed dining, retail and live music venues.
The transaction closed at a sale price of $7,915,000, representing a price per key of $53,844. Kabani Hotel Group held an exclusive listing for the property.
DALLAS, TexasCommercial realestate lending surged in the first quarter of 2025, driven by higher financing volumes and robust activity from banks, though caution persists due to government policy and economic uncertainty impacting Treasury yields, according to the latest research from CBRE.
Image credit: citizenM At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. Following closing, the citizenM portfolio will become part of Marriotts system, with the hotels owned and leased by the seller subject to new long-term franchise agreements with Marriott.
Castle Peak Holdings , the investment firm behind the Trailborn hospitality brand, has closed on its second vehicle with total committed capital of $315 million raised over a four-month period. The post Castle Peak closes on $315M opportunistic vehicle appeared first on hotelbusiness.com.
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.
At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. Following closing, the citizenM portfolio will become part of Marriott’s system, with the hotels owned and leased by the seller subject to new long-term franchise agreements with Marriott. regulatory approval.
The expansion is supported by a $77 million investment from EPR Properties , a realestate investment trust (REIT) specializing in “experiential” realestate. Founded by the Dowers in the late 1990s, The Mirbeau Companies began with a vision of offering close-to-home escapes that addressed the stresses of modern life.
As the commercial realestate lending environment continues evolving in response to economic pressures and shifting borrower needs, CPACE (Commercial Property Assessed Clean Energy) financing is becoming more prominent, with projections of it surpassing $10 billion in cumulative investments this year.
We are delighted to partner with Tokyo Century in executing their first realestate investment in Singapore, said Paul Salter, Managing Director of Salter Brothers. We look forward to working closely with our esteemed partners to create a landmark property that embodies excellence and innovation.
Advertisements As Chief Operating Officer, Meli will lead the day-to-day operations across Ginobbi Group’s realestate and hospitality assets, with a focus on internal alignment, talent development, and the integration of forward-thinking practices. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
“They bring impressive track records and significant expertise across hospitality, realestate and finance, and we look forward to leveraging their leadership and unique insights to deliver best-in-class hotel operating performance, advancing our position as the hotel operator of choice.” and abroad. hotel investments.
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.
Trailing net operating income increased meaningfully from marketing through closing. The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI, and includes an earn-out structure for future proceeds based on performance.
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.
Following the close of the transaction, Hyatt anticipates realizing at least $2 billion of proceeds from asset sales by the end of 2027 and expects asset-light earnings to exceed 90% on a pro forma basis in 2027. BofA Securities, J.P.
“We are pleased to expand our portfolio with the acquisition of the Homewood Suites Tampa-Brandon, which is ideally located adjacent to our Embassy Suites in the same market,” said Nelson Knight, president, realestate and investments, Apple Hospitality. Steinbrenner Field and Tropicana Field.
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.
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. We are at the precipice of transformational change and with these strategic appointments, I am excited for whats to come.
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. And much of that is attracted to hospitality. So in speaking of engagement, right?
The restoration was a seven-year redevelopment process led by owner Kennedy Wilson, in close partnership with Kamehameha Schools and a Cultural Leadership Committee comprised of local lineal descendants, cultural advisors and community leaders of Kaʻūpūlehu. Beyond that, our connection to Hawaiian culture runs deep.
Laurel RealEstate Co., a boutique realestate brokerage and member of Hotel Brokers International , brokered the sale of the Fairfield Inn & Suites in Avon, OH. Laurel RealEstate Co. represented the seller and was the sole brokerage involved in the transaction.
The deal closed today for an undisclosed amount. Show More X This ad will auto-close in 10 seconds Stay Connected Get the Newsletter Get news highlights delivered directly to your e-mail inbox.
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. of event space.
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.
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. Patrick St.
The property sprawls across a substantial chunk of fabulous Rabati oceanside realestate, and was originally built in 18th-century as the summer residence of Sultan Moulay Slimane. Over the years it has served various purposes, including being a military hospital, before emerging in all its butterfly-winged glory, as a luxury hotel.
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.
Developed in close collaboration with Empira Group, a renowned international realestate investment manager active across Europe and the US, this project presents a rare opportunity to bring new life to a long-vacant property. One year ago, Empira Group took over the building, which had previously operated as a hotel.
Christopher Murdock, HEDNA President and Director of Distribution System Support and Strategy at Accor said, âWhen we launched the inaugural State of Distribution report, our goal was to close a critical blind spot with the absence of a central benchmarking report for the industry. Read the full case study.
So I, I ended up coming on with the company, and this was back in 2018, and I started getting a lot of leads Ryan, like, I started connecting, I started learning the realestate side, the asset side. And the reason I bring those up, that DoubleTree was losing close to about $12,000 a month when we took it over 12 grand a month.
Christopher Murdock, HEDNA President and Director of Distribution System Support and Strategy at Accor said, âWhen we launched the inaugural State of Distribution report, our goal was to close a critical blind spot with the absence of a central benchmarking report for the industry.
Christopher Murdock, HEDNA President and Director of Distribution System Support and Strategy at Accor said, âWhen we launched the inaugural State of Distribution report, our goal was to close a critical blind spot with the absence of a central benchmarking report for the industry. Read the full case study.
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