David Simon Passes Away After Battle with Cancer
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Brookfield Revives GGP Name for Malls
January 7, 2026
property type: Hotel & Resort
Embassy Suites Hotel in Palm Beach Gardens, Fla., Sold for $40Mln
South Florida Business Journal Joe Lubeck, chief executive of American Landmark Apartments, has bought the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard hotel in Palm Beach Gardens, Fla., for $40 million, or $250,000/room. Lubeck purchased the 160-room property from ...
Home2 Suites Hotel in Lake Mary, Fla., Sold for $17.97Mln
Orlando Business Journal An affiliate of Pureland Hospitality has bought the 123-room Home2 Suites by Hilton Lake Mary hotel in suburban Orlando, Fla., for $17.97 million, or $146,098/room. The New York company purchased the four-story property from a venture of ...
153-Room Waterfront Hotel in Bradenton, Fla., Fetches $27.7Mln
Tampa Bay Business Journal An affiliate of NexPoint Advisors has bought the 153‑room Courtyard by Marriott Bradenton Sarasota/Riverfront for $27.7 million, or $181,046/room. The Dallas investment company purchased the five-story property from a company registered to George Schott of Maine. ...
Tribeca Hilton Garden Inn hotel
Generation Essential Group has paid $69 million, or $456,953/room, for the 151-room Tribeca Hilton Garden Inn hotel in Manhattan. The subsidiary of French Media company AMTD Digital acquired the property from a venture of Hersha Hospitality and KSL Capital Partners ...
415-Room Hotel in Chicago Comes to Market
Crain's Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city's Gold Coast neighborhood. The Dallas REIT, formerly known as Ashford Hospitality Prime Inc., hired JLL to market the property, ...
Drop in Club Quarters Hotel Portfolio’s Estimated Value Prompts Big Downgrades
Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in a liquidation. ...
353-Room Hotel in Downtown Raleigh, N.C., Trades for $27.75Mln
Commercial Real Estate Direct Staff Report White Lodging has paid $27.75 million, or $78,612/room, for the 353-room Sheraton Raleigh Hotel in the city's downtown area. The Merrillville, Ind., hotel management company purchased the property from an affiliate of PM Hotel Group ...
Cottonwood Lends $102Mln for Construction of Salt Lake City Hotel
Commercial Real Estate Direct Staff Report Cottonwood Group has provided $102 million of financing for the construction of the 216-room Kimpton Hotel in downtown Salt Lake City. Walker & Dunlop arranged the loan on behalf of Domain Cos. of New ...
Internet Celebrity Sells Tampa, Fla., Hotel for $26Mln
Tampa Bay Business Journal Internet personality Ben Mallah has sold the Four Points Westshore by Sheraton Suites hotel in Tampa, Fla., for $26 million, or $98,859/room. Mallah sold the eight-story property to a South Florida-based company calling itself Cypress Hotel ...
Reno, Nev., Hotel Sells for $37.4Mln
Commercial Real Estate Direct Staff Report An affiliate of Noble Investment Group has paid $37.4 million, or $174,766/room, for the 214-room Renaissance Reno Downtown Hotel in Reno, Nev. The Atlanta investor acquired the property, at 1 Lake St., from an ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
