property type: Hotel & Resort

Dallas Morning News NewcrestImage has acquired the 175-room Cambria Hotel in the Dallas suburb of Southlake, Texas. The Grapevine, Texas, company bought the property, at 2104 East State Highway 114, from an unidentified seller. The purchase price also was not ...

Pebblebrook Hotel Trust has paid $174 million, or $677,043/room, for the 257-room Gurney's Newport Resort & Marina in Newport, R.I. The Bethesda, Md., REIT bought the property, constructed in 1969 on 10 acres on Goat Island, from New Jersey developer, ...

Tampa Bay Business Journal Ocean Properties Ltd. has bought the Coconut Cove All-Suites Hotel in Clearwater Beach, Fla., for $11.8 million, or about $280,952/room. The Delray Beach, Fla., investor acquired the 42-room property, at 678 South Gulfview, from Page Development ...

Knighthead Funding has provided $37.6 million of mortgage financing against the 204-room Marriott TownePlace Suites hotel in downtown Nashville, Tenn. The property, at 310 Gay St., was developed by an investor group led by Waud Capital Partners of Chicago, which ...

CBRE is projecting the New York City hotel sector to reach pre-pandemic levels of performance by 2024. That would represent a sharp rebound as the city had imposed onerous restrictions during the pandemic that severely hampered the hotel sector. But ...

Commercial Real Estate Direct Staff Report Trimont Real Estate Advisors, special servicer for the $180 million mortgage against the Hilton Minneapolis hotel, has once again started talks with the property's owner, Walton Street Capital, over terms of a loan modification. ...

Revenue per available room for hotels across the country hit a record $109.76 during the week through June 11, according to STR. That level is up 10.7 percent from the same week in 2019, but does not take into account ...

ACORE Capital LP has provided $35 million of financing against the 172-room Moxy Oakland Downtown hotel in the Uptown arts and entertainment district of Oakland, Calif. The short-term loan was arranged by Sonnenblick-Eichner Co. It allowed the property's developer, a ...

Commercial Real Estate Direct Staff Report The 460-room Hilton Times Square hotel is being sold to a venture of Apollo Global Management and Newbond Holdings for about $85 million, or $184,783/room, according to a report in the Wall Street Journal. ...

Dallas Business Journal A venture that includes Partners Group and funds managed by Trinity Fund Advisors has bought the 431-room Four Seasons Dallas Resort at Las Colinas in Irving, Texas. The seller and purchase price were not disclosed. The property, ...