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MCR Acquires Two Marriott Properties in Utah

MCR Acquires Two Marriott Properties in Utah

MCR announced the acquisition of two Marriott hotels located in Lehi, Utah, a suburb of Salt Lake City. Both properties, the Courtyard Lehi and SpringHill Suites Lehi, are situated at the entrance to Thanksgiving Point, Lehi’s central business and leisure hub, ...

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Wyndham To Acquire AmericInn

Wyndham To Acquire AmericInn

Yesterday, the Wyndham Hotel Group announced plans to acquire the AmericInn hotel brand and its management company, Three Rivers Hospitality, from Northcott Hospitality for $170 million. AmericInn will become the 20th brand in Wyndham’s portfolio, joining shortly after the launch ...

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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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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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Best Western Acquires Sweden Hotels

Best Western Acquires Sweden Hotels

Phoenix, Ariz.—Best Western Hotels & Resorts announced that the company has added to its global portfolio Sweden Hotels–one of Scandinavia’s largest hotel groups. As a result of the acquisition, Best Western Hotels & Resorts is now the largest hotel brand ...

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