JLL Capital Markets Arranges Financing for Courtyard in Utah
Category: Finance, Finance & Development
SAN DIEGO, California—JLL Capital Markets announced that it arranged $25.4 million in financing for 149-key Courtyard by Marriott in Cotton Heights, Utah. JLL worked on behalf of the borrower, an affiliate of Huntington Hotel Group, and secured a floating-rate, interest-only loan from NYL Investors with a term of up to four years inclusive of an extension option. Loan proceeds were used to repay existing bank loans in addition to providing substantial cash-out, which was used
In October, Kimpton Hotels & Restaurants debuted its second New York City property—an adaptive reuse of a hotel originally designed by renowned “Miami Modern” architect Morris Lapidus. Part of IHG Hotels & Resorts’ luxury & lifestyle portfolio, the 364-room Kimpton Hotel Theta is situated in the nexus of Hell’s Kitchen and Times Square. Brooklyn-based CRÈME / Jun Aizaki Architecture & Design aimed to pay homage to Lapidus’ era throughout the project, including the new lobby.
LOS ANGELES—Nomadix Inc. was issued U.S. Patent No. 11,855,986 by the United States Patent and Trademark Office (USPTO) on Dec. 26, 2023. The patent, titled, “Management of network intercept portals for network devices with durable and non-durable identifiers,” represents Nomadix’s ongoing work in networking technology and adds to its patent portfolio. The patent relates to using captive portals to manage network access requests under Passpoint, formerly known as Hotspot 2.0. Nomadix’s technology gives hotels and
BOISE, Idaho—After a career spanning over five decades in the hospitality industry, Eric Danziger, CEO of Braintree Group and Resolute Road Hospitality, has officially announced his retirement. Danziger’s leadership has played a role in the success and growth of every organization he has been a part of throughout his career. During his time with Braintree Group, Danziger continued to build on his legacy, emphasizing service, growth, and culture within the organization. He leaves the organization
Aimbridge Hospitality Updates U.S. Operations, Shifts Teams
Category: Brands, Featured, Industry News
PLANO, Texas—Aimbridge Hospitality outlined plans to streamline its U.S. operations, including adding an Owner Relations team to its structure and moving to two focused operating divisions named Aimbridge Select and Aimbridge Full Service. The changes announced reflect the company’s pledge to deliver comprehensive management service. The addition of an Owner Relations team nods to the fast-paced environment hotel owners, asset managers, and hospitality brands face daily and looks to provide partners with solutions that meet
