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Top Five U.S. Hotel Construction Pipelines to Watch

Top Five U.S. Hotel Construction Pipelines to Watch

Putting the right property in the right place can help maximize returns on hotel investments. Below are the top five U.S. cities for hotel construction pipelines, and what hotel owners and investors should watch for in these markets. 1. New York There ...

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Hospitality Deals and Acquisitions from June 2017

Hospitality Deals and Acquisitions from June 2017

Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged an $80-million, non-recourse, structured loan for the Chicago Athletic Association hotel, a historic 241-key lifestyle hotel located at 12 South Michigan Avenue in Downtown Chicago. Mission Capital’s ...

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AJ Capital Partners Acquires The Commons Hotel

AJ Capital Partners Acquires The Commons Hotel

MINNEAPOLIS, Minn.—AJ Capital Partners announced today that it has acquired The Commons Hotel in Minneapolis, Minn., from investment firm Rockbridge. In 2017, the hotel will undergo a conversion into a Graduate Hotel. The eight-story, 304-room, full-service hotel is located on ...

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AJ Capital Partners Acquires Doubletree Richmond Downtown

AJ Capital Partners Acquires Doubletree Richmond Downtown

RICHMOND, Va.—AJ Capital Partners has announced that it has acquired the former Doubletree by Hilton Hotel Richmond Downtown in Richmond, Virginia. The property will be closed to facilitate a comprehensive renovation and will open as the Graduate Richmond in early ...

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Charlestowne Named Management Company for Three Graduate Hotels

Charlestowne Named Management Company for Three Graduate Hotels

CHARLESTON, S.C.—AJ Capital Partners (AJCP) has selected Charlestowne Hotels as the management company for the first three hotels to open under the newly released brand, Graduate Hotels. The properties are located in Athens, Ga., Tempe, Ariz., and Charlottesville, Va. Charlestowne ...

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