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Auction.com: CRE Markets at Strongest Since Recession

Auction.com: CRE Markets at Strongest Since Recession

IRVINE, Calif.—Auction.com today released its Q4 2014 Commercial Real Estate (CRE) Market Monitor, which shows healthy increases in both deal volume and price growth even as risk premiums edge up. CRE deal volume is at a new post-recession peak as ...

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Iconic Properties Purchases Aspen’s Historic Hotel Jerome

Iconic Properties Purchases Aspen’s Historic Hotel Jerome

HOUSTON, Texas—Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s historic Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 ...

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Davidson and Silverpeak Acquire Hyatt Regency Indianapolis

Davidson and Silverpeak Acquire Hyatt Regency Indianapolis

INDIANAPOLIS, Ind.—Executives of Davidson Hotels & Resorts and Silverpeak Real Estate Partners announced that its joint venture has acquired the 499-room Hyatt Regency Indianapolis from Hyatt Hotels Corporation. Davidson, which facilitated the transaction, also will operate the hotel, marking the ...

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Ashford Hospitality to Acquire Memphis Marriott East

Ashford Hospitality to Acquire Memphis Marriott East

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for total consideration of $43.5 million in cash ($187,500 per key). The acquisition is expected to close within the ...

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Red Lion Hotels Announces Hotel Sale to Wig Properties

Red Lion Hotels Announces Hotel Sale to Wig Properties

SPOKANE, Wash.—Red Lion Hotels Corporation (RLHC) announced the company has entered into an agreement to sell its hotel in Bellevue, Wash. for $35.4 million to an affiliate of Wig Properties, a property development company based in Bellevue. Wig Properties has ...

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