Marcus & Millichap Announces Sale of Two-Property Hospitality Portfolio
DENTON, Texas—Marcus & Millichap announced the sale of a two-property, 180-room hospitality portfolio in Denton, Texas. The assets are an 88-room La Quinta Inn...
Sonnenblick-Eichner Company Arranges Sale of Cannon’s Hotel Development Site
BEVERLY HILLS, California—Sonnenblick-Eichner Company has arranged the sale of the fee simple interest in the Cannon’s hotel development site in Dana Point, California. The...
JLL Capital Markets Closes Sale of Cape Codder Resort & Spa
BOSTON—JLL Capital Markets announced it has closed the sale of and secured acquisition financing for Cape Codder Resort & Spa, a 266-key hotel in...
Banyan Investment Group Completes Sale of Holiday Inn Express Bluffton @ Hilton Head Area
BLUFFTON, South Carolina—Banyan Investment Group (BIG) announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in...
Financing in an ‘Unfinanceable World’
Throughout the first three quarters of 2022, the capital markets, in general, have deteriorated, and the market for hospitality financing has cratered. While this...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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