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Deal Roundup: CI Capital Acquires AlliedPRA, and More

Hyatt Regency Louisville
An affiliate of New York-based private equity firm CI Capital Partners has acquired a majority interest in AlliedPRA, a destination management company, from UK private equity firm sector Core Capital Partners LLP. AlliedPRA’s management team still has significant equity ownership and will continue to lead the company in the $280 billion corporate meetings and events industry. AlliedPRA’s clients include...

Top Five U.S. Hotel Construction Pipelines to Watch

Los Angeles
Putting the right property in the right place can help maximize returns on hotel investments. Below are the top five U.S. cities for hotel construction pipelines, and what hotel owners and investors should watch for in these markets. 1. New York There are plenty of big opportunities in the big apple. With a pipeline of 192 properties and 30,541 rooms, New York City has...

Hospitality Deals and Acquisitions from June 2017

Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged an $80-million, non-recourse, structured loan for the Chicago Athletic Association hotel, a historic 241-key lifestyle hotel located at 12 South Michigan Avenue in Downtown Chicago. Mission Capital’s team—Jordan Ray, Ari Hirt, Steven Buchwald, and David Behmoaras—represented a joint venture of AJ Capital Partners, Geolo Capital, and...

AJ Capital Partners Acquires The Commons Hotel

MINNEAPOLIS, Minn.—AJ Capital Partners announced today that it has acquired The Commons Hotel in Minneapolis, Minn., from investment firm Rockbridge. In 2017, the hotel will undergo a conversion into a Graduate Hotel. The eight-story, 304-room, full-service hotel is located on Washington Avenue at the heart of the University of Minnesota’s campus. With over 20,000 square feet of meeting and...

How AJ Capital is Developing a Unique Value Proposition

The idea of a college-themed hotel screams kitsch and pennants and banners, but you won’t find any of that near Graduate Hotels, a new line of lifestyle-centric boutique hotels popping up in college towns across the United States. There are no furry school mascots doing cartwheels down the halls and no red beer pong cups stacked in the lounge....