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Stonehill Projects Record Year in Transaction Activity

Stonehill Projects Record Year in Transaction Activity

Stonehill Strategic Capital hit a record high in the first quarter, closing approximately $190 million in hotel financing. That follows a strong 2015, in which the Atlanta-based direct lender executed on 23 transactions. With a substantial number of projects already ...

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Global Uncertainty Causes Lag in Business Travel

Global Uncertainty Causes Lag in Business Travel

ALEXANDRIA, Va.—U.S. business travel will continue to grow only moderately in 2016 as global uncertainty looms. This is one of the key findings from the GBTA BTI Outlook—United States 2016 Q1, a report by the GBTA Foundation, the education and ...

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Marcus & Millichap Sells $30 Million Portfolio

Marcus & Millichap Sells $30 Million Portfolio

FARGO, N.D.—Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of a two-property hospitality property portfolio in Fargo. The assets are a Holiday Inn and a Holiday ...

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GE to Sell Franchise Finance U.S. Hotel Business

GE to Sell Franchise Finance U.S. Hotel Business

FAIRFIELD, Conn.—GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment (ENI) and the ...

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Fragmented Performance Dampens Spring Hotel Outlook

Fragmented Performance Dampens Spring Hotel Outlook

NEW YORK—While new bookings are up at the start of the spring season, with 17 of the top 25 North American markets showing committed occupancy growth compared to last month, the pace of those bookings is relatively flat. New commitments ...

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Marriott Reaffirms Commitment to Starwood Deal

Marriott Reaffirms Commitment to Starwood Deal

BETHESDA, Md.—Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater ...

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