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“The over-sized suites, high specification of finishes and recent construction were all contributory factors to attracting the ‘who’s who’ of bidders and driving Sydney’s biggest hotelsale this year,” said Stonebridge Property’s National Director, Lincoln Blackledge.
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.
Marcus & Millichap , a commercial realestate brokerage firm specializing in investment sales, financing, research and advisory services, has brokered the sale of a two-property hotel portfolio in Upstate New York. The post Marcus & Millichap brokers two-hotelsale appeared first on hotelbusiness.com.
He brings more than 35 years of industry experience, having served as a partner at Grant Thornton, where he specialized in the hospitality and realestate sectors. Alex Velazquez has been promoted to SVP, digital marketing & creative services. Heather Tritchel and Sam King have been promoted to SVPs, specialty marketing.
This growth will be catalyzed by impending loan maturities, deferred capital expenditures, private equity fund-life expirations and moderating RevPAR in some markets, with the Americas expected to see the largest growth followed by EMEA and APAC. Peek, president, Americas, JLL Hotels & Hospitality Group.
Associate Director Kyle Sahlsten of Berkadia Hotels & Hospitality led the transaction on behalf of the seller, Tampa-based Liberty Group. The Tampa East submarket and greater Tampa market remain extremely liquid and are generating significant investor interest, said Sahlsten.
is a southwestern US regional hotel ownership and management company. The marketing and negotiations were led by Jeffrey Duni, senior vice president, HREC. is a family owner/operator and original developer of […] The post HREC Arranges Sale of Best Western Territorial Inn & Suites appeared first on LODGING Magazine.
The marketing and negotiations were led by Scott Stephens (senior principal, chief operating officer, and broker on record […] The post HREC Arranges Sale of the Courtyard Marriott Tampa-Brandon, Fairfield Inn & Suites by Marriott Tampa-Brandon appeared first on LODGING Magazine.
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.
MIAMI, FloridaKabani Hotel Group announced the sale of the Holiday Inn Express & Suites Florida City for $13.2 Led by Ahmed Kabani and Suraj Dalal, the transaction was completed through a confidential marketing process.
Article - Lauren DâSouza-Faze Earns Florida RealEstate Brokerâs License, Expands Professional Expertise - Experienced hotelsales professional brings elevated knowledge and service to Floridaâs realestatemarket
PEARLAND, TexasMarcus & Millichap announced the sale of Candlewood Suites Pearland, an IHG Hotel in Pearland, Texas. The buyer was procured by Cooper, Gomes and Miller.
The property was sold via administrators BRI Ferrier on behalf of Bond Finance after being placed on the market by previous owner, Virtical. 1834 Hotels will operate the hotel on behalf of Mazen Tabet in a deal negotiated by the selling agents.
The sale, which was negotiated by Colliers, McVay RealEstate and JLL, is subject to the buyer obtaining approval to the transfer of the liquor licence from the Queensland Office of Liquor and Gaming Regulation. Sam McVay from McVay RealEstate described the hotel as “an irreplaceable asset”. “[The
JLL worked on behalf of the borrower, a joint venture between realestate funds managed by Trinity Investments and funds managed by UBS Asset Management’s RealEstate & Private Markets Multi-Managers business, to secure the five-year, floating-rate loan through mortgage lenders, Citi and Deutsche Bank.
Monarch Alternative Capital LP , an investment firm with approximately $14 billion of assets under management, has continued the expansion of its realestate debt investment platform through recent customized debt financings for the Hotel 48LEX in New York City, Renaissance Las Vegas and Westin Tampa.
How much do you feel you still truly understand venue marketing in today’s ever-involving digital world of snaps, stories, fluctuating industry relationships and new commission structures? Can you still actually influence your sales process the way you once did by simply being your awesome self? Times, they be a changin’. Am I right?
Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets, according to JLL Hotels & Hospitality Group. The post JLL: U.S.
DENVER, Colorado; TAMPA, Florida; ATLANTA, Georgia—HREC Investment Advisors announced that it has arranged the sale of the 126-guestroom Homewood Suites Tampa Brandon in Tampa, Florida. The property was acquired by an institutional buyer. HREC Investment Advisors exclusively represented the seller on this transaction.
Berkadia marketed the 1986 vintage all-suite hotel property as a potential redevelopment opportunity. Chase Suite […] The post Berkadia Announces Sale of Chase Suite Hotel appeared first on LODGING Magazine. The property sold for an undisclosed price.
MIAMI, Florida—The Kabani Hotel Group announced the sale of the La Playa Hotel redevelopment in Daytona Beach, Florida. The property is a 10-story building that, at the time of sale, was completely gutted and ready to be redeveloped into a new hotel.
UK: Realestate advisor CBRE is overseeing the sale of The Dawson Hotel in Dublin, which is being offered for sale from €17.5 The Dawson Hotel has 36 bedrooms which are currently closed, providing the potential for refurbishment. million by private treaty.
By Andrew Favorito 1031 Exchanges are one of the most powerful tools in realestate, offering advantages for portfolio growth, diversification, estate planning, and retirement. According to the Section 1031 of the IRC, no gain shall be recognized if exchanged for “real property of like kind.”
MBA Hotel Brokers Inc, announces David Joseph as the newest member to its team of experienced and dedicated hospitality realestate professionals. David Joseph is a licensed realestate broker in Florida. MBA Hotel Brokers has been listing and selling hotels nationally for 22 years.
Global realestate services firm Cushman & Wakefield has appointed Marc Magazine as executive director focused on investment sales. He will focus on the Mid-Atlantic region and join the company’s multi-market-based Hospitality Group servicing private capital and institutional clients.
Hospitality RealEstate Investment Trusts (REIT) – not something of huge concern for hotel digital marketers. If “et cetera” doesn’t include website performance and digital marketing analytics, that’s the problem. Should it be?
UK: Global realestate advisor CBRE is marketing the Park Hotel Kenmare and The Lansdowne Kenmare in Ireland for a combined guide price of €20.5 Both hotels are located in the town of Kenmare. They are being offered for sale individually or together by Private Treaty.
BENTONVILLE, Arkansas—Marcus & Millichap announced the sale of Element by Westin, a 107-room four-floor hotel property located in Bentonville, Arkansas. “Element Bentonville, an institutional-grade asset, is well-positioned in one of the country’s most dynamic and rapidly growing markets,” said Chris Gomes.
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