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PMZ Realty Capital Arranges Acquisition Financing for Holiday Inn Charleston-Riverview

NEW YORK—PMZ Realty Capital LLC announced that it arranged leasehold acquisition financing for the Holiday Inn Charleston-Riverview located in Charleston, South Carolina. A regional bank provided the $13.5 million acquisition loan for the property. “PMZ...
hotel construction

CBRE: Commercial Real Estate Lending Activity Slowed During Q2 2023

DALLAS—Commercial real estate lending slowed in the second quarter of 2023 as market uncertainty weighed on available debt capital, according to the latest research from CBRE. The CBRE Lending Momentum Index, which tracks the pace...
August 2023

CoStar: U.S. Hotels Show Overall Lower Performance

WASHINGTON—U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through August 5, 2023. U.S. Hotel Performance July 30-August 5, 2023 Percentage change from comparable week...

Actabl Launches Two-Way Integration for Alice and Transcendent

ATLANTA—Actabl launched its two-way integration between Alice and Transcendent. The integration optimizes hotel operations by allowing real-time cross-departmental collaboration between front of house, housekeeping, and engineering to manage guest requests, guest satisfaction, and visibility...
Studio Res

Marriott Reveals StudioRes As New Name For Extended-Stay Brand

A couple of months after launching its new lower-midscale extended-stay brand concept, Marriott International has revealed that it will be known as StudioRes. Previously referred to as Project MidX Studios, the company debuted the new...