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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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Staybridge Suites Opens in Maryland Heights, Mo.

Staybridge Suites Opens in Maryland Heights, Mo.

ST. LOUIS—A $16 million Staybridge Suites recently opened at 25 Progress Parkway in Maryland Heights, Mo. The 122-room all-suites hotel will be managed by Midas Hospitality, a premier hotel management group. The hotel was built by Midas Hospitality’s sister company ...

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Carey Watermark Acquires Staybridge Suites Savannah

Carey Watermark Acquires Staybridge Suites Savannah

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Staybridge Suites Savannah Historic District, a 104-room select service hotel located in Savannah, Ga. The hotel is located in Savannah’s Historic District, the largest National Historic Landmark District ...

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IHG Celebrates Staybridge Suites Brand’s 200th Hotel Opening

IHG Celebrates Staybridge Suites Brand’s 200th Hotel Opening

ATLANTA—InterContinental Hotels Group today announced the 200th hotel opening for its Staybridge Suite brand. The opening of the 102-room Staybridge Suites Denver-Stapleton hotel expands the brand’s Denver, Colo., portfolio to five properties and creates 30 new jobs in the community. ...

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Five Hotel Chains Named J.D. Power Customer Champions

Five Hotel Chains Named J.D. Power Customer Champions

WESTLAKE VILLAGE, Calif.—J.D. Power, in conjunction with FORTUNE Custom Publishing, has recognized 50 companies that demonstrate the ability to provide the highest level of customer service based on their most important critics—their customers. The 2014 Customer Champions include five hotel ...

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Lodging Dynamics Acquires First Hotel Through New Fund

Lodging Dynamics Acquires First Hotel Through New Fund

PROVO, Utah—Lodging Dynamics Hospitality Group announced its first acquisition through the company’s affiliated equity fund, LD Hotel Group I LLC. The fund is raising $60,000,000 to fund future acquisitions. The fund purchased its first hotel today, a 102-room Staybridge Suites ...

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