David Simon Passes Away After Battle with Cancer
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property type: Hotel & Resort
Moran CityCentre
MetroNational has acquired the Moran CityCentre, a 244‑room luxury hotel in Houston. The local company purchased the property from Midway, also of Houston. The purchase price was not immediately known. Moran CityCentre, at 800 Sorella Court, is part of the ...
JW Marriott Marco Island Beach Resort
A venture between Sculptor Real Estate and Trinity Investments has paid $835 million, or $1.03 million/room, for the 809-room JW Marriott Marco Island Beach Resort on Marco Island, near Naples, Fla. The venture bought the property, which was developed in ...
Courtyard by Marriott Fort Lauderdale Weston
Driftwood, of Coral Gables, Fla., and Merrimac, of Fort Lauderdale, lined up a $19.25 million mortgage from Fifth Third Bank to facilitate their purchase.
South Fla. Beachfront Resort Headed to July Auction After Foreclosure
South Florida Business Journal An affiliate of Emerald Creek Capital has taken through foreclosure the Hillsboro Beach Resort in Hillsboro Beach, Fla., about eight miles southeast of Boca Raton, Fla. As a result, the 81-unit property is scheduled to be ...
S3 Capital Lends $101Mln for Latest Phase of Orlando-Area Resort Project
Orlando Business Journal An affiliate of Urban Network Capital Group has lined up $101 million of financing for the construction of the latest phase of the Visions Orlando Resort & Spa in Davenport, Fla. S3 Capital of New York provided ...
Host Cities Look for World Cup Bump in Hotel Sector
The World Cup is being held on North American soil for the first time since 1994. While it's still too early to gauge the full economic impact of the tournament on the U.S. hotel sector, the early buzz is that ...
Bank OZK, Huntington National Lend $540Mln for Downtown Cincinnati Hotel Project
Portman Holdings has lined up $540 million of financing for the construction of the 700-room Cincinnati Downtown Marriott hotel project. The Atlanta developer obtained the financing from Bank OZK, which provided a senior portion of the loan, and Huntington National ...
Blackstone to Pay $279Mln for Hyatt Regency San Francisco
Blackstone has agreed to pay $279 million, or $339,830/room, for the 821-room Hyatt Regency San Francisco Hotel. The giant investment manager is buying the property, part of the Embarcadero Center complex in the city's Financial District, from Sunstone Hotel Investors ...
Ashford Hospitality Sells Another Hotel, Pays Down CMBS Loan Further
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $26.85 million, or $105,709/room. The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to JMIR Acquisitions ...
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