Real EstateAcquisitionsDeal Report: Five Hotel Sale and Financing Announcements

Deal Report: Five Hotel Sale and Financing Announcements

EB5 Capital Begins Funding New York City Ritz-Carlton

EB5 Capital recently finalized and executed its $125 million preferred equity investment in Flag Luxury Group’s Ritz-Carlton hotel project in NoMad. Flag Luxury and EB5 Capital have come to full agreement on terms, with all deal documents signed for the project. EB5 Capital’s term with the sponsor began on February 28, 2019, with EB5 Capital advancing their first funds to the project last month. The project is being financed, in part, with a $250 million senior construction loan from Atalaya Capital Management.

Hunter Hotel Advisors Sells Hampton Inn Atlanta Canton

Hunter Hotel Advisors, an investment advisory firm focused exclusively on the hotel industry, has finalized the sale of the Hampton Inn Atlanta Canton. The 81-room hotel was built in 2008 and is located in Canton, Ga., north of Atlanta. Situated in the foothills of the Blue Ridge Mountains off of I-575, the Hampton Inn Atlanta Canton is near Northside Hospital Cherokee and surrounded by retail and restaurants.

Marcus & Millichap Team Sold 11 Hotels in Q1 2019

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, has announced that in the first quarter of 2019, the Miller-Gomes hotel team of Marcus & Millichap completed 11 hotel sales on behalf of clients. Led by Allan Miller and Chris Gomes, the team is a network of 15 hospitality property investment specialists and a support team of four, with locations in Dallas, Austin, Houston, San Antonio, Chicago, Baton Rouge, and Denver.

Liaison Washington Capitol Hill Sells for $111 Million

Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has closed the $111 million sale of and arranged acquisition financing for the 343-room Liaison Washington Capitol Hill. HFF marketed the property on behalf of the seller, Pebblebrook Hotel Trust. A partnership between Metrovest Equities Inc. and BLDG Management purchased the hotel and plans to convert it into the YOTELPAD Capitol Hill. Working on behalf of the partnership, HFF placed a 75-percent loan-to-cost floating-rate bridge loan with a major life insurance company.

ASREF Closes Financing to Redevelop St. James Hotel in Selma

The American South Real Estate Fund (ASREF) has closed $3.4 million in senior bridge financing for Rhaglan Hospitality to acquire and redevelop the historic St. James Hotel in Selma, Alabama. The loan from ASREF enables Rhaglan to acquire the shuttered hotel currently owned by the city and convert it into part of Hilton’s Tapestry Collection. The St. James will be one of nine hotels in the Southeast to convert to the soft brand.

 


Keep up with the industry.

Subscribe to LODGING

RELATED ARTICLES

Purchasing Management International (PMI) Acquires Pineapple Procurement

DALLAS, Texas—Purchasing Management International (PMI) announced the acquisition of certain interests of Pineapple Procurement. This strategic acquisition reinforces PMI’s continued growth. "Building Pineapple Procurement...

HREC Arranges Sale of the Courtyard Marriott Tampa-Brandon, Fairfield Inn & Suites by Marriott Tampa-Brandon

DENVER, Colorado; TAMPA, Florida; ATLANTA, Georgia—HREC Investment Advisors announced that it has arranged the sale of the 93-guestroom Courtyard Tampa Brandon, and the 107-guestroom...

InnVentures Completes Renovation of Courtyard by Marriott Spokane Downtown Convention Center

Seattle, Washington—InnVentures announced the completion of a total renovation of Courtyard by Marriott Spokane Downtown Convention Center, including the exterior, interior, and guestrooms.  The renovations...

Hyatt Announces Agreement to Sell Playa’s Real Estate Portfolio to Tortuga

CHICAGO, Illinois—Hyatt Hotels Corporation announced that it has entered into a definitive agreement to sell the entirety of Playa’s owned real estate portfolio, acquired...

Red Roof Partners With FreedomPay for Payment Solutions

COLUMBUS, Ohio, June 30, 2025—Red Roof has selected FreedomPay to power payments across its portfolio of more than 700 hotels throughout the United States....

voco The Shelby — Myrtle Beach Opens

MYRTLE BEACH, South Carolina—voco The Shelby – Myrtle Beach has officially opened, inviting guests to stay in a reimagined beachside retreat. The Shelby is the...