Tag: Finance + Development
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...
Fairmont New Orleans to Open in Summer 2025
NEW YORK—Fairmont Hotels & Resorts and Kailas Companies announced the official kickoff of the downtown redevelopment project of 1010 Common Street, which will mark...
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...
Choice Hotels Breaks Ground on Six Everhome Suites
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. broke ground on five Everhome Suites in Amarillo, Bastrop, Brownsville, El Paso, and Waco, Texas; and one groundbreaking...
CBRE: Investors to Purchase More U.S. Commercial Real Estate in 2024
DALLAS—Investors are poised to purchase more U.S. commercial real estate in 2024 as they anticipate improved credit conditions as interest rates fall later this...