NORTH BETHESDA, Maryland—Choice Hotels International announced an agreement with Tesla to offer Tesla Universal Wall Connectors to participating Radisson, Cambria, Comfort, Country Inn & Suites, Quality Inn, and other Choice-branded hotels across the United States. Through this agreement, Choice-branded properties can add four or more charging stations for guests, helping to meet the demand for electric vehicle (EV) charging and eliminating a pain point for EV drivers traveling for business or leisure. “This agreement with
ABERDEEN, South Dakota—My Place Hotels of America is partnering with Grubhub for guests’ dining experience at its hotels. Guests of My Place Hotels can order from Grubhub’s network, which includes more than 365,000 restaurants and convenience stores, for delivery directly to the hotel, with $0 delivery fees on eligible orders. The partnership is available at all participating My Place Hotels across the United States. Through the partnership, My Place guests can order on Grubhub via
Duetto Acquires Micerate, a Pricing Tool Provider For Meeting and Event Spaces
Category: Data, Technology
Duetto acquired Micerate, a provider of pricing and online booking tools tailored for meetings and event spaces. The milestone underscores Duetto’s dedication to revenue management solutions, with a focus on the groups and events sector. Founded in Germany, Micerate brings expertise and is dedicated to delivering solutions for meeting space profitability and booking efficiency. The Micerate platform includes: Revenue optimization: Pricing of event spaces allows hoteliers to map pricing and control capacities for hotel event
NEW YORK—The LCP Group, L.P. announced the closure of an $85 million refinance for the Brown Palace Hotel and Spa, Autograph Collection, and the Holiday Inn Express Denver Downtown, located in Denver, Colorado. The $85 million refinancing package for Crescent Real Estate, facilitated by LCP, includes a senior loan from Benefit Street Partners and a mezz loan from a partnership between LCP and Ares Management Real Estate funds. “Amidst today’s complex capital markets landscape, LCP’s
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
