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U.S. Economy, Property Markets to Heat Up

U.S. Economy, Property Markets to Heat Up

NEW YORK—Global commercial real estate services firm Cushman & Wakefield released its latest U.S. Macro Forecast, anticipating that, following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017. “Even before the ...

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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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Patriarch Equities Purchases Affinia Manhattan Hotel

Patriarch Equities Purchases Affinia Manhattan Hotel

NEW YORK—Patriarch Equities, Sioni Group, and Highgate announced today that they have purchased the 618-room Affinia Manhattan NYC hotel through a joint venture. Highgate has also assumed management of the property as part of the transaction. Effective immediately, this upscale, ...

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2016 in Review: Hottest Hotel Deals

2016 in Review: Hottest Hotel Deals

It was the buzzword on many hoteliers’ lips this year: Consolidation. When Marriott International officially absorbed Starwood Hotels & Resorts in September to create a 30-brand megamerger, the industry was aflutter over what it could mean for the industry as ...

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