property type: Hotel & Resort

South Florida Business Journal Dauntless Capital Partners has paid $44.24 million, or $203,871/room, for the 217-room Arlo Wynwood hotel in Miami. The Houston hotel investor acquired the nine-story property from an affiliate of Quadrum Global of New York. The new ...

Assouline-Busch Capital, which is redeveloping the former Red South Beach hotel in Miami Beach, has lined up $89 million of financing for the effort. The family office, formed by the Assouline book-publishing family, and the Busch family of Anheuser-Busch brewing ...

South Florida Business Journal Fort Partners has paid $150 million, or $1.12 million/room, for the 134-room Tideline Palm Beach Ocean Resort in Palm Beach, Fla. The Fort Lauderdale, Fla., developer acquired the hotel, at 2842 South Ocean Blvd., from a ...

Crain's Chicago Business Vinayaka Hospitality is under contract to pay between $20 million and $25 million for the 520-room Wade Hotel in Chicago. The Schaumburg, Ill., company is buying the property, at 644 North Lake Shore Drive, from Park Hotels ...

The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million loan.