Valor Hospitality Continues Middle East Expansion with Second Oman Property
ATLANTA, Georgia—Valor Hospitality Partners, a global hotel management company, has announced the acquisition of its second property in Duqm, Oman—marking seven total properties in...
JLL Arranges Loan to Acquire and Renovate Aloft Tampa Downtown
NEW YORK CITY—JLL’s Hotels & Hospitality Group announced it has arranged a $29.6 million floating-rate term loan to acquire and renovate the 130-key Aloft...
OUTRIGGER Acquires Kauai Beach Resort & Spa
OUTRIGGER Resorts & Hotels announced the acquisition of Kauai Beach Resort & Spa. Located in Lihue on the island of Kauai, the resort runs...
MCR/MORSE Development Acquires Gramercy Park Hotel
NEW YORK—MCR acquired the Gramercy Park Hotel in New York City. MORSE Development, which developed the TWA Hotel at New York City’s JFK Airport,...
Blackstone, Realty Income Sign Equity Agreement for The Bellagio Las Vegas
NEW YORK and SAN DIEGO—Realty Income Corporation, The Monthly Dividend Company, and Blackstone Real Estate Income Trust, Inc. jointly announced that Realty Income has...
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A Critical Eye on C-PACE Loans: 5 Hidden Expenses Borrowers Should Consider
First introduced in California in 2009, Commercial Property Assessed Clean Energy (C-PACE) programs offer long-term, fixed-rate loans that provide capital for improved energy and...
Royal Palm South Beach Miami Welcomes Pivot as Manager
ATLANTA, Georgia—Pivot, the lifestyle operating vertical of Davidson Hospitality Group, has been tapped by Park Hotels & Resorts to manage Royal Palm South Beach...
STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024
NASHVILLE—STR and Tourism Economics downgraded the growth rate in the final U.S. hotel forecast revision of 2024.
For 2024, projected gains in average daily rate...
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