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Hospitality Deals and Acquisitions from June 2017

Hospitality Deals and Acquisitions from June 2017

Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged an $80-million, non-recourse, structured loan for the Chicago Athletic Association hotel, a historic 241-key lifestyle hotel located at 12 South Michigan Avenue in Downtown Chicago. Mission Capital’s ...

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Midas Hospitality Breaks Ground On Two Hotels in Minnesota

Midas Hospitality Breaks Ground On Two Hotels in Minnesota

ST. LOUIS—Hotel management group Midas Hospitality has broken ground on two hotels in Brooklyn Park, Minn., an area that hasn’t had a newly built hotel since 1998. The $28 million development with a 100-room Hampton Inn and a 107-room Home2 Suites will open in the ...

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Kimpton Aertson Hotel Opens in Midtown Nashville

Kimpton Aertson Hotel Opens in Midtown Nashville

NASHVILLE–Kimpton Hotels & Restaurants will open its first venture in Nashville on June 14. The Kimpton Aertson Hotel is located at the corner of 21st Avenue and Broadway in the Music City’s Midtown neighborhood. As anchor of the new mixed-use complex Aertson Midtown, the hotel ...

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Arbor Lodging Partners and NVN Hotels Merge

Arbor Lodging Partners and NVN Hotels Merge

CHICAGO, Ill.—Chicago-based Arbor Lodging Partners and NVN Hotels announced that the two companies will now operate under the name Arbor Lodging (Arbor), with the investment arm continuing as Arbor Lodging Partners and the management arm, NVN Hotels, now operating as ...

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My Place To Expand Into South Carolina

My Place To Expand Into South Carolina

GREENVILLE, S.C.—My Place Hotels of America announced that its first hotel in South Carolina is slated to open in Greenville in the Spring of 2018. The hotel’s owners, Aaron Lawson and Daniel Pretorius, recently debuted the brand in Idaho with ...

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Choice Reveals Plans to Surpass 100 Cambria Hotels

Choice Reveals Plans to Surpass 100 Cambria Hotels

ROCKVILLE, Md.—Choice Hotels International, Inc. announced aggressive growth and development plans for its upscale brand, Cambria Hotels, in 2017. Cambria now has 30 hotels open across the United States, and more than 70 in the pipeline. Four hotels have opened ...

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