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Peachtree Group closes third Delaware Statutory Trust

Hotel Business

Commercial real estate investment firm Peachtree Group has closed its third hotel property structured as a Delaware Statutory Trust (DST) with the completed acquisition of its 98-key Hilton Garden Inn Jackson in Jackson, TN. ” The post Peachtree Group closes third Delaware Statutory Trust appeared first on hotelbusiness.com.

Closing 111
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Aqua-Aston Hospitality Debuts Dual-Branded Fairfield Inn & Suites and TownePlace Suites Hotels in Tempe, Arizona.

Hospitality Net

Located across from bustling mixed-use retail hub Tempe Marketplace, the property is within close proximity to numerous shopping, dining and entertainment destinations, with Phoenix Sky Harbor Airport a 15-minute drive away.

Branding 240
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MCR, Island Capital close $260M refi for Sheraton New York Times Square

Hotel Business

MCR Hotels and Island Capital Group (Island) have closed on a $260-million refinancing loan for the 1,780-key Sheraton New York Times Square. The Sheraton New York Times Square is located in Midtown Manhattan at the northern end of the prime Times Square retail corridor. JLL’s Hotels & Hospitality group arranged the financing.

Closing 64
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Hotels can take a page from retail to beat the competition

Hotel Business

Where the retail sector could reinvent itself as “digital-first” through new services like eCommerce, curbside pickup or repurposing physical stores as socially distanced distribution centers, the travel sector, by its nature, relies on physical footfall. In closing. By James Brooke. Content and personalization are key.

Retail 59
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Slang.ai Closes $12 Million Series A

Hospitality Tech

The Series A round will accelerate Slang’s generative AI capabilities, advance product partnerships and integrations in the restaurant, hospitality, retail and e-commerce industrie

Closing 52
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Pebblebrook Hotel Trust Sells 909 North Michigan Avenue Retail Parcel Adjacent to The Westin Michigan Avenue Chicago for $27.3 Million

Hotel News Resource

Pebblebrook Hotel Trust (NYSE: PEB) today announced that it closed on the sale of 909 North Michigan Avenue, a 5,860 square-foot 3-tenant fully occupied high-street retail parcel, adjacent to the Company’s Westin Michigan Avenue Chicago for $27.3 million to a third party.

Retail 52
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JLL closes $55M sale of six Hyatt Place hotels

Hotel Business

JLL ’s Hotels & Hospitality Group has closed the $55-million sale of six Hyatt Place-branded select-service hotels totaling 754-keys across the Southeast, Texas and Kansas. The post JLL closes $55M sale of six Hyatt Place hotels appeared first on hotelbusiness.com. HKB was advised by ThornOak Capital.

Closing 52