Tag: Finance + Development
JLL Secures Financing for Five Full-Service Hotels Totaling 1,140 Keys
LOS ANGELES, California—JLL’s Hotels & Hospitality Group announced that it secured $153 million in senior financing for five full-service hotel properties, consisting of 1,140...
First Mortgage Financing Originates for Embassy Suites by Hilton Nashville Airport
NEW YORK—Smith Hill Capital and Bain Capital’s Special Situations team announced the firms’ joint venture originated a first mortgage financing for the Embassy Suites...
JLL Arranges Sale of Hilton Back Bay Hotel
BOSTON—JLL’s Hotels & Hospitality Group announced that it arranged the $171 million sale of the Hilton Back Bay hotel, a 390-key hotel in Boston.
JLL...
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...
Sonesta Essential Houston Hobby Airport Opens
NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of Sonesta Essential Houston Hobby Airport. Situated in Houston, Texas, the 131-room upper-midscale hotel is located...