Spirides Hotel Finance Company Provides Financing for Dunedin, Florida, Hotel Development
TAMPA, Florida—Spirides Hotel Finance Company has provided, and the borrower has closed, $14 million in construction-to-permanent mortgage financing from a Midwest-headquartered bank to finance...
Maverick Hotels and Restaurants Adds Two Illinois-based Hotels to Portfolio
CHICAGO—Maverick Hotels and Restaurants announced that it continues to expand its portfolio with the addition of two hotels in the metropolitan Chicago market. Robert...
JLL’s Hotels & Hospitality Group Closes Sale of Six Hyatt Place Hotels
ATLANTA—JLL's Hotels & Hospitality Group announced that it has closed the $55 million sale of six Hyatt Place branded select-service hotels totaling 754 keys...
Flynn Properties and Värde Partners Acquire 80 Percent Joint Venture Interest in 89 Properties
SAN FRANCISCO and MINNEAPOLIS—Flynn Properties Inc. in a joint venture with Värde Partners announced that it has acquired an 80 percent joint venture interest...
NewcrestImage Completes 45-Hotel Portfolio Acquisition
Dallas-based NewcrestImage has closed on a portfolio of 45 hotels that includes 35 Marriott-branded, seven Hilton-branded, and three Choice-branded properties in 11 states: Arkansas,...
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An Inside Look at Mattresses: Delving Into the Technology Prior to Procurement
A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need...
Accor Releases Q1 2024 Results
The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are...
Hilton Garden Inn Atlanta East/Stonecrest Completes Renovation
STONECREST, Georgia—Artemis Hotel Group announced the completion of a full-scale renovation for the Hilton Garden Inn Atlanta East/Stonecrest, located in Lithonia, Georgia.
The 110-room property...
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