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Mezzanine Debt

Mezzanine Debt

Mezzanine loans are back in vogue with hotel investors and developers turning to this financing tool for their latest acquisitions, recapitalizations, and leveraged buyouts. “Senior lenders are getting more aggressive,” says Geoffrey Davis, president and senior principal of HREC Investment ...

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EMV Payment Processing

EMV Payment Processing

As many credit card issuers adopt plans to move forward with Europay, Mastercard, and Visa (EMV) payment processes in the United States, hoteliers will need to upgrade their point-of-sales (POS) systems to accommodate the shift. “The credit card we have ...

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Detroit Marriott to Undergo $30 Million Renovation

Detroit Marriott to Undergo $30 Million Renovation

DETROIT—The Detroit Marriott at the Renaissance Center announced that it will begin a $30 million renovation project in February 2014, transforming 1,329 guestrooms and 100,000 square feet of meeting space. This downtown Detroit hotel is one of the tallest in ...

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Boutique Hotel Proposed in South Boston

A Boston neighborhood that was once plagued by crime may soon see the development of a boutique hotel. According to the Boston Globe, Sun Condos LLC, an affiliate of Boston-based Pappas Enterprises Inc., has plans to build a 14-story hotel ...

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Hotel Andaluz Adding Tapas Restaurant

Hotel Andaluz Adding Tapas Restaurant

ALBUQUERQUE, N.M.– After years of admiring Chef James Campbell Caruso’s creations, Gary Goodman, owner of the historic Hotel Andaluz in Albuquerque, N.M., has partnered with the notable chef to bring his talents to Albuquerque residents and visitors. MÁS will be ...

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