Tag: finance
MCR Refinances 16-Hotel Portfolio
NEW YORK—MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the...
Hilton Reports Q4 and Full-Year 2023 Results, Partners With SLH
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its fourth quarter and full year 2023 results. In addition, Hilton announced a new partnership with Small Luxury...
The LCP Group Refinances Two Hotels in Denver, Colorado
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...
JLL Capital Markets Arranges Financing for Courtyard in Utah
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...
CoStar: P&L Data Shows Improvement in Group Business
WASHINGTON—Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023...