Home / Finance + Development / Finance (page 3)

Category Archives: Finance

Feed Subscription

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Thompson Miami Beach to Join Hyatt’s Unbound Collection

Thompson Miami Beach to Join Hyatt’s Unbound Collection

CHICAGO—Hyatt Hotels Corporation today announced that a wholly-owned subsidiary has entered into an agreement to purchase the 380-room Thompson Miami Beach hotel from an affiliate of Geolo Capital. The transaction is expected to close in late April, and the hotel ...

Read More »
Scroll To Top