MCR Acquires Two Hotels in Phoenix, Arizona
NEW YORK—MCR has acquired two hotels in or near Phoenix, Arizona: the 169-room Holiday Inn Express & Suites Scottsdale – Old Town and the...
OUTRIGGER Finalizes Acquisition of Kā’anapali Beach Hotel
HONOLULU—OUTRIGGER Resorts & Hotels finalized its acquisition of the Kā‘anapali Beach Hotel, situated on Kā‘anapali Beach. The 11-acre, 432-room property will be under the...
Wayside Investment Group to Acquire Two ESA Properties
Wayside Investment Group reached an agreement to purchase two Extended Stay America Suites properties in Dallas—an 118-unit hotel and a 150-unit hotel, which is...
PMZ Realty Capital Arranges Financing for Three Hilton Properties
NEW YORK—PMZ Realty Capital LLC announced that it arranged over $60 million in financing in the last few weeks for three separate Hilton properties.
The...
Equinox Hospitality Acquires Four Points by Sheraton San Rafael Marin County
SAN FRANCISCO—Equinox Hospitality acquired the Four Points by Sheraton San Rafael Marin County for $38 million. The acquisition marks Equinox's fifth addition to its...
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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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