Tampa Bay Business Journal OTO Development has paid $31.5 million, or $308,824/room, for the 102-room Beachcomber Beach Resort in St. Pete Beach, Fla. The Spartanburg, S.C., hotel owner and operator purchased the property from Gencom of Miami, which had acquired ...
South Florida Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter‑day Saints, has paid $240 million, or $526,316/unit, for Uptown Boca Villas, a 456‑unit apartment complex in Boca Raton, ...
Houston Business Journal 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 ...
EPR Properties has paid $70 million, or $421,687/room, for the 166-room Margaritaville Nashville Hotel in downtown Nashville, Tenn. The Kansas City, Mo., company purchased the 12-story property from its developer, an affiliate of Safe Harbor Development of Knoxville, Tenn. The ...
Fortress Investment Group has paid $50 million, or $95,238/room, for Westin O'Hare, a 525-room hotel in Rosemont, Ill., a northwestern suburb of Chicago. The New York investment manager acquired the property from Clarion Partners, also of New York, which bought ...
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 ...
South Florida Business Journal S3 Capital has provided a pair of loans totaling $350 million for the construction of the Continuum Club & Residences West in the Miami suburb of North Bay Village, Fla. The lender, in partnership with Aksoy Holdings, ...
Orlando Business Journal Wideman Co. has purchased the stake it didn't already own in the Truist Plaza mixed-use building in downtown Orlando, Fla., in a deal that valued the 28-story property at $92.8 million. The local company, whose headquarters are ...
Crain's Chicago Business Banco Inbursa has provided $125 million of financing against the 192-room St. Regis Chicago hotel. The loan allows the property's owner, a venture of Gencom Group and GD Holdings, to retire a $76 million mortgage that Värde Partners ...
Commercial Real Estate Direct Staff Report Columbia Sussex Corp. has lined up a $102 million mortgage from Barclays Capital against its 387-room Marriott Savannah Riverfront hotel in Savannah, Ga. The loan has a five-year term and pays a coupon of ...
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