NEW YORK— JLL Capital Markets announced that it arranged $30.6 million in financing for the 122-key Hotel Granduca in Houston, Texas. JLL represented the borrower, Transwestern Hospitality Group, and secured the five-year, floating-rate loan from Prime Finance. The hotel has several amenities, including two dining options (Alba restaurant and Il Giardino), a bar and seating area, meeting rooms totaling 2,860 square feet, and event space spanning 2,050 square feet, which opens to the courtyard. Additionally, there is
As hotels and hospitality businesses grapple with the evolving cybersecurity threat landscape, one of the most massive challenges they face is ransomware. Potentially causing data loss and costly recovery procedures, ransomware is a cybersecurity attack that encrypts files, making them inaccessible without a decryption key that only the attacker holds. Operations might freeze as IT teams scramble to restore access. Hoteliers often feel forced to pay to reclaim their data and continue serving guests. This
Thompson Houston Opens Near Buffalo Bayou Park
Category: Development, Finance & Development, Openings
HOUSTON—Thompson Houston opened its doors and offers a spa, multiple dining options, and spaces designed for weddings and events. Thompson Houston has 172 guestrooms, including 34 suites, with floor-to-ceiling windows and a residential aesthetic with custom furnishings and en-suite bathrooms with marble vanities, wall treatments, and tiling. The new-build hotel is housed within a glass and exposed-steel building that displays curved lines designed by HOK. Interiors are designed by Houston-based architecture and design firm Abel
Beyond the TV: Hotel In-Room Entertainment and Tech Amenities Have Evolved
Category: Featured, Technology
To make their guests “feel at home,” hotels have had to continually update the entertainment offerings in their guestrooms to match the amenities purchased for home use. Radios were first introduced at the Boston Park Plaza Hotel in 1927, followed by the offering of televisions at the Roosevelt Hilton in New York City in 1947. In the 1960s, hotels and motels began to proudly promote the advent of color televisions, and during the 1970s, hotels
NASHVILLE—HRI Hospitality and Hilton announced the opening of the 306-room Tempo by Hilton Nashville Downtown, the second property nationally to open from Hilton’s new lifestyle brand. Developed and owned by HRI Hospitality and operated by HRI’s operating company, HRI Lodging, Tempo by Hilton Nashville Downtown is a half block from Broadway and steps from shops, restaurants, and entertainment. It offers locals and travelers alike a place for social gatherings and events. The hotel has over
