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Meridian Capital Finances $10 Million on Gregory Hotel

Meridian Capital Finances $10 Million on Gregory Hotel

NEW YORK—Meridian Capital Group arranged $10 million in permanent financing on the Best Western Gregory Hotel located in Brooklyn. The $10 million, 10-year CMBS loan was provided by Rialto Mortgage Finance, L.L.C. and features a fixed rate and interest-only payments ...

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Lexington by Vantage Unveils New Illinois Property

Lexington by Vantage Unveils New Illinois Property

CLEVELAND—Lexington by Vantage, a collection of inns, hotels, and suites in the midscale to upscale lodging segments, has announced the opening of the brand’s first new construction property — the Lexington Inn & Suites in Effingham, Ill. Utilizing elements of ...

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RLJ Lodging Trust Acquires Hyatt Place D.C. for $68 Million

RLJ Lodging Trust Acquires Hyatt Place D.C. for $68 Million

WASHINGTON, D.C.—Atlanta-based Songy Highroads, LLC sold the 164-room Hyatt Place D.C./Downtown/K Street located in Washington, D.C., to RLJ Lodging Trust for $68 million. At approximately $415,000 per key, the sale sets a high-water mark for select-service hotels in the Washington, ...

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Sizzling Summer Led by Leisure Travel Bookings

Sizzling Summer Led by Leisure Travel Bookings

NEW YORK—Hotels in major North American markets are continuing to experience strong growth driven by increases in average daily rate (ADR), according to data from the July 2015 TravelClick North American Hospitality Review (NAHR). Strong rates and steady bookings are ...

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RLHC Unveils Red Lion Ridgewater Inn & Suites Polson

RLHC Unveils Red Lion Ridgewater Inn & Suites Polson

SPOKANE, Wash.—RLHC (Red Lion Hotels Corporation) today announced its new construction property, Red Lion Ridgewater Inn & Suites Polson in Montana, has officially opened. “We are filling rooms quickly with the height of the summer season in play at Flathead ...

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