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Mission Capital Arranges $15 Million Loan for Staybridge Suites Houston

Mission Capital Arranges $15 Million Loan for Staybridge Suites Houston

HOUSTON—Mission Capital Advisors has arranged a $15.26 million acquisition loan on behalf of Midas Hospitality to purchase the newly constructed Staybridge Suites Houston–Medical Center, a 120-key extended stay hotel. The Mission Capital team structured the recourse loan from IBERIABANK. The flagged property opened in ...

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Three Ways Hotels Are Repositioning Unique Assets

Three Ways Hotels Are Repositioning Unique Assets

Celebrity chef restaurants, locally inspired food and beverage offerings, communal social spaces, and in-room and hotel-led fitness options–these trends represent a transformation of the traditional hotel model. Amenity preferences, particularly for authentic, one-of-a-kind social experiences, continue to segment the hospitality ...

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Six Qualities to Look for in a Hotel Broker

Six Qualities to Look for in a Hotel Broker

Peter Nichols is vice president and national director of the Hospitality Group at Marcus & Millichap, a real estate brokerage firm. Nichols says that when looking for qualities in a hotel broker, start with an excellent knowledge of the market, and consider these six other “musts.” 1. An exceptional ...

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U.S. to Top $100 Billion in Vacation Spending This Summer

U.S. to Top $100 Billion in Vacation Spending This Summer

U.S. vacationers are spending more on summer travel this year, topping $100 billion for the first time, according to the eighth annual Allianz Travel Insurance Vacation Confidence Index. This is the first time in the survey’s eight year history that vacation spending ...

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Top Five U.S. Hotel Construction Pipelines to Watch

Top Five U.S. Hotel Construction Pipelines to Watch

Putting the right property in the right place can help maximize returns on hotel investments. Below are the top five U.S. cities for hotel construction pipelines, and what hotel owners and investors should watch for in these markets. 1. New York There ...

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