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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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Roedel Breaks Ground on Homewood Suites at Riverbridge

Roedel Breaks Ground on Homewood Suites at Riverbridge

WILTON, NH–Members of Roedel Companies were joined by representatives of the Riverbridge development and Hilton Worldwide to break ground on the Homewood Suites at Riverbridge in Berlin, Mass. Construction of the hotel, which is expected to open in 2018, is already ...

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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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AmericInn Adds New Properties Throughout Upper Midwest

AmericInn Adds New Properties Throughout Upper Midwest

AmericInn, the largest midscale hotel brand in the Upper Midwest, is expanding in Wisconsin with the recent addition of two new AmericInn Hotel & Suites in New Lisbon and Boscobel. AmericInn Hotel & Suites New Lisbon is a 60-guestroom, three-story ...

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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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