Tag: finance news
Maverick Hotels and Restaurants Adds Three Hotels to its Portfolio
CHICAGO — Maverick Hotels and Restaurants announced that it has added three hotels in the metropolitan Chicago market to its portfolio. Robert Habeeb, founder...
PMZ Realty Capital LLC Closes Q1 2022 With Over $80M in Financing
NEW YORK— PMZ Realty Capital LLC announced they closed over $80 million in financing to end Q1 2022.
“A large amount of capital has been...
Legendary Capital Sponsors Fairfield Inn & Suites Denver Southwest Lakewood Acquisition
FARGO, North Dakota—Legendary Capital has sponsored the acquisition of the 142-room Fairfield Inn & Suites Denver Southwest Lakewood in a $19.4 million transaction. The...
Hotel Insurance: A Largely Uncontrollable Cost
In 2020 and 2021, U.S. hotel operators did a praiseworthy job controlling expenses to offset the significant declines in revenue. Based on data from...
Verakin Capital Completes Minority Investment in a Three-Hotel Portfolio
SAN MATEO, California—Officials of Verakin Capital announced that the company has completed a minority investment in a three-hotel portfolio at an undisclosed amount. This...