property type: Hotel & Resort

South Florida Business Journal The Estate Investments Group has filed plans to redevelop a vacant Ramada Inn hotel in Hialeah, Fla., into 251 apartment units. The 258-room hotel sits on 4.9 acres at 1950 West 49th St. It was built ...

Condor Hospitality Trust Inc., which more than a year ago had agreed to be acquired by NexPoint Hospitality Trust, said it has terminated the deal because its suitor had failed to complete its purchase. Condor, a Norfolk, Neb., company formerly ...

Occupancy rates for U.S. hotels fell to 48.5 percent for the week ending Sept. 12 from 49.4 percent the previous week, according to the latest data from STR. Hotels nationwide sold 17.7 million total room nights, down from the 18 million ...

Dallas Morning News Crescent Real Estate has bought The Hotel at Avalon, a 330-room luxury property in the Atlanta suburb of Alpharetta, Ga. The Fort Worth, Texas, company bought the property, which is part of the $1 billion Avalon mixed-use ...

Commercial Real Estate Direct Staff Report Driftwood Capital, a Coral Gables, Fla., real estate company, is looking to raise $100 million of equity commitments for its latest hotel investment fund. The vehicle, Driftwood Lending Partners, will originate and acquire mezzanine ...

South Florida Business Journal An affiliate of ESJ Capital Partners has proposed developing a 300-room hotel on Miami's Watson Island. The project is being proposed for a parking lot site at the Jungle Island eco-adventure park. The 11-story property also ...

Dallas Morning News Holtze Magnolia LLP of Denver is offering for sale the historic Magnolia Building in Dallas. Hodges Ward Elliott has been tapped to market the 29-story property, which opened in 1922 and at the time was the tallest ...

The Real Deal A 225-room hotel project in New Rochelle, N.Y., has filed for Chapter 11 bankruptcy. Ward Capital Management, a Dobbs Ferry, N.Y., developer, had received approval last summer to build the 24-story property at 115 Cedar St. 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 Covid-19." The property, ...

Labor Day weekend helped goose occupancy at U.S. hotels for the week through Sept. 5 to 49.4 percent from the 48.2 percent recorded a week earlier, according to STR. That still falls short of the 50.2 percent occupancy peak recorded for ...