property type: Hotel & Resort

Crain's New York Business The 399-room Omni Berkshire Place hotel in Manhattan is reopening on Nov. 1. TRT Holdings, the property's opener, had closed the hotel last year and considered converting it into office space. But the Irving, Texas, company decided ...

RLJ Lodging Trust has paid $89 million, or $434,146/room, for the 205-room AC Hotel in downtown Boston. The Bethesda, Md., REIT bought the property from National Development of Newton, Mass., which had developed it in 2018. The property, at 223 ...

Commercial Real Estate Direct Staff Report The $780 million CMBS loan that KKR & Co. had assumed as part of its purchase of a portfolio of 48 select- and limited-service hotels with 6,402 rooms has been extended by another six years ...

KKR & Co. has acquired a portfolio of 48 select- and limited-service hotels with 6,402 rooms in a deal that included the assumption of what had been a troubled $780 million CMBS loan. The loan is securitized through Credit Suisse ...

Commercial Real Estate Direct Staff Report The 353-room Marriott Hanover hotel in the northern New Jersey community of Whippany, N.J., has been appraised at a value of $66.1 million, one-third less than its value less than two years ago. The ...

South Florida Business Journal The Carlyle Group has sold its stake in the B Ocean Resort Fort Lauderdale hotel in South Florida as part of a recapitalization of the 481-room property. Rockpoint Group of Boston bought the stake in a ...

Commercial Observer CSRE has secured $32 million of financing to help fund the acquisition and conversion of a vacant 381-room Marriott hotel in Farmington, Conn., into a 225-room apartment property. Kriss Capital provided the floating-rate loan, which has a two-year ...

Rentv.com AWH Partners has paid $41.7 million, or $287,586/room, for the 145-room Hilton Garden Inn in Fremont, Calif. The New York hotel investor purchased the property from Baywood Hotels of Columbia, Md., which was represented in the deal by Colliers ...

CGI Merchant Group is in talks to buy the 263-room Trump International Hotel in Washington, D.C., from the Trump Organization, according to a report in the Wall Street Journal that said a deal valued at more than $370 million - ...

Varde Partners is taking advantage of a relative dearth of competition in the hotel lending sector and expects to fund $1 billion of loans against the property type this year. That would account for 40 percent of the Minneapolis investment ...