Ashford Hospitality Trust Inc has transferred to its lenders 13 hotels with 2,127 rooms that backed $4051 million of debt during the third quarter The Dallas REIT expects to give up more properties, as they continue to face challenges as a result of...
Commercial Real Estate Direct Staff Report Turnbridge Equities has taken over the Tower at Mutual Plaza, a 180,000-square-foot office building next to the American Tobacco district of Durham, NC, with help from financing from Knighthead Funding The...
A venture of Golden East Investors and Pacific Retail Capital Partners has been selected to take over management of a portfolio of seven shopping malls that Starwood Capital Group had capitalized with an Israeli bond offering and a total of $780...
Service Properties Trust, the former Hospitality Properties Trust, said it has requested that Marriott International Inc, which manages 122 of its hotel properties, pony up the $11 million to cover missed payments it owes under its agreement It...
The Real Deal Courtyard Management Corp is permanently closing the 167-room Courtyard by Marriott hotel at 8 Herald Square in Manhattan The New York company noted that the closure was due to “unforeseeable business circumstances prompted by...
Commercial Observer Governor Andrew Cuomo announced that restaurants in New York City are allowed to resume indoor dining starting on Sept 30 Restaurants will only be allowed to open at 25 percent capacity and they must install enhanced air...
The Real Deal New York Governor Andrew Cuomo announced that malls in New York City can re-open on Sept 9, but only at 50 percent capacity Malls in other parts of the state were allowed to re-open in July Indoor dining in the city is still...
Commercial Observer The 478-room Hilton Times Square hotel in Manhattan is closing its doors permanently next month Sunstone Hotel Investors owns the property, which serves as collateral for a $765 million loan that’s securitized through...
Ashford Hospitality Trust Inc has formally agreed to transfer to its lender eight hotels with 1,054 rooms that back a $114 million mortgage through a deed-in-lieu of foreclosure The move was expected as the Dallas REIT previously had advised its...
Commercial Real Estate Direct Staff Report Simon Property Group is expected to turn over two of its shopping malls - the Mall at Tuttle Crossing in Dublin, Ohio, and Southridge Mall in Greendale, Wis - to the CMBS trusts that hold a total of $2282...
