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La Quinta Files Real Estate Spin-Off—CorePoint Lodging

La Quinta Files Real Estate Spin-Off—CorePoint Lodging

IRVING, Texas—La Quinta Holdings Inc. filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission for the planned separation of its real estate business, the newly-announced CorePoint Lodging Inc., from its franchise and management businesses, La Quinta. ...

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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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Avison Young Hospitality Group Announces Nine Closings

Avison Young Hospitality Group Announces Nine Closings

ATLANTA—The Avison Young Hospitality Group announced that it has brokered nine hotel transactions in June, including one full-service hotel and eight select-service hotels. Marriott, IHG, and Choice franchise systems were notable hotel brands that the hospitality group helped close. Assets ...

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AHIP REIT Acquires 18 U.S. Hotels in the Northeast

AHIP REIT Acquires 18 U.S. Hotels in the Northeast

VANCOUVER, B.C.–American Hotel Income Properties REIT LP (AHIP) announced that it has completed the $407.4 million acquisition of 18 branded Marriott and Hilton hotels with a total of 2,187 guestrooms. The targeted portfolio of hotels is concentrated in the Northeastern U.S. and ...

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