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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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Curio Collection by Hilton Adds The Marquette Hotel

Curio Collection by Hilton Adds The Marquette Hotel

MINNEAPOLIS–The Marquette Hotel will soon complete a $25 million transformation and conversion to Curio Collection by Hilton, marking the collection’s first hotel in Minnesota. The Marquette Hotel will join Hilton’s global portfolio of hotels handpicked for their unique character 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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HREC Arranges Sale of Comfort Suites Lakewood, Colorado

HREC Arranges Sale of Comfort Suites Lakewood, Colorado

Denver, Colorado–Lodging real estate advisory firm HREC Investment Advisors announced that it has arranged the sale of the 71-room Comfort Suites located in the thriving Southwest Denver Metropolitan suburb of Lakewood, Colorado. Spirit Hospitality, a hotel development and management firm ...

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Junction City Hotel To Be Rebranded Following Sale

Junction City Hotel To Be Rebranded Following Sale

Junction City, KS – The Holiday Inn Express located on Interstate 70 in Junction City, Kansas was recently sold by HotelBrokerOne. The 60-unit property was sold with an expiring Holiday Inn Express franchise for an undisclosed price to Shree Bholenath ...

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