HREC Investment Advisors Arranges Sale of Hampton Inn Cadillac
DENVER, CHICAGO, & MINNEAPOLIS—HREC Investment Advisors announced it has arranged the sale of the 111-room Hampton Inn Cadillac located in Cadillac, Michigan.
HREC Investment Advisors...
JLL’s Hotels & Hospitality Group Closes Sale of Element Basalt Aspen
LOS ANGELES—JLL’s Hotels & Hospitality Group announced that it closed the sale of the Element Basalt Aspen, a 113-key extended-stay hotel in Basalt near...
5 Senses Hospitality Invests in The Waters Hotel, Tapestry Collection by Hilton
HOT SPRINGS, Arkansas—Denver-based 5 Senses Hospitality announced its investment in The Waters Hotel, Tapestry Collection by Hilton. 5 Senses Hospitality has been managing the...
Sonnenblick-Eichner Company Arranges Construction Loan for Lionsback Resort
BEVERLY HILLS, California—Sonnenblick-Eichner Company has arranged $50 million of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development...
Resilient Asset Class: Sandpiper Lodging Trust Grows Extended-Stay Footprint
Since its formation in 2018, Sandpiper Lodging Trust (SLT), a Richmond, Virginia-based real estate investment trust, has been working toward establishing a national footprint...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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