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WaterWalk Inks $150 Million Deal with Rockford Development

WaterWalk Inks $150 Million Deal with Rockford Development

WICHITA, Kan.—WaterWalk Hotel Apartments, Jack DeBoer’s fifth national brand, has executed an agreement with a Rockford Development Group venture, led by Paul Roberts of Rockford and hotel industry veteran Rob Mossburg, to initially develop eight WaterWalk franchises. The properties will ...

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JVs Changing U.S. Real Estate Market

Over the past 12 months, more U.S. REITs and corporations have turned to joint ventures to raise capital. Ernst & Young, a multinational professional services firm, expects 2016 to be an active year for joint ventures, as companies will use ...

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Interstate Invests in 10 Marriott Hotels

Interstate Invests in 10 Marriott Hotels

ARLINGTON, Va.—Interstate Hotels & Resorts, along with Waramaug Hospitality, a private investment group focused on acquiring legacy branded assets through the United States, announced today an investment in a premier collection of 10 Marriott branded extended-stay hotels in partnership with ...

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Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company’s limited service hotels in Manhattan totaling 1,087 ...

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Loews Purchases Hotel 1000

Loews Purchases Hotel 1000

NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, has announced that it has entered into an agreement to purchase the 120-room Hotel 1000. The acquisition is expected to close Thursday, Jan. 28. “Seattle has been a ...

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Commercial Real Estate Prices to Decline

The Federal Reserve’s interest-rate hike for the first time in nearly a decade has ensured that values are not likely to climb in the new year. For commercial real estate investors, this means the good times may be over, reports ...

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