property type: Hotel & Resort

Atlanta Business Chronicle The 763-room Sheraton Atlanta Hotel has been brought to the sales market. Arden Group owns the property, which sits on five acres at 165 Courtland St. NE. The Philadelphia real estate fund manager has hired JLL to ...

Crain’s New York Business Atlas Hospitality has filed plans to develop a 401-room hotel at 711 Seventh Ave. in Manhattan. The Albertson, N.Y., developer expects to break ground on the project in January and complete it in 2025. The site ...

RLJ Lodging Trust has agreed to pay $58 million, or $311,828/room, for the 186-room Hampton Inn & Suites Midtown hotel in Atlanta. The Bethesda, Md., REIT is buying the property from North Point Hospitality of Atlanta, which had developed it ...

Dallas Morning News Napali Capital has bought the 152-room Tru by Hilton Hotel in downtown Dallas. The Roanoke, Texas, company bought the property from Magnolia Hospitality Group. The purchase price was not disclosed. Magnolia had bought the property in 2018, ...

Commercial Real Estate Direct Staff Report An affiliate of Procaccianti Cos. is in talks to possibly turn over, in a deed-in-lieu of foreclosure, the Hilton Suites Chicago Magnificent Mile to the CMBS trust that holds a $69.97 million matured loan ...

Hartford Business Journal Copperline Partners plans to convert the former 381-room Marriott hotel at 15 Farm Springs Road in Farmington, Conn., into a 225-room luxury apartment property. The Brentwood, N.Y., developer bought the property, which closed in May, last month ...

San Antonio Business Journal Construction is starting in the first quarter on the 112-room Arista San Antonio hotel in San Antonio. Harris Bay is the project's developer. The company, with offices in San Antonio and Sacramento, Calif., has hired Accor ...

MSD Partners has provided $90 million of senior financing and Lionheart Strategic Management has provided $40 million of mezzanine financing to fund the construction of the 303-room Moxy Hotel at 145 Bowery in Manhattan. The property is being developed by Lightstone ...

Real Estate NJ Prism Capital Partners has filed plans to build a dual-branded hotel with 266 rooms in Clifton, N.J., about 15 miles west of Manhattan. The seven-story building has been proposed for a development site near the intersection of ...

Bisnow Carmel Partners Inc. has paid $152.3 million, or about $132,205/room, for the 1,152-room Washington Marriott Wardman Park Hotel in Washington, D.C., at a foreclosure auction held this week. The previous owner, Pacific Life Insurance Co., threw the property into Chapter ...