property type: Hotel & Resort

Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $26.85 million, or $105,709/room. The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to JMIR Acquisitions ...

Crain's Chicago Business Jamp Hotels has paid $30.5 million, or $127,615/room, for the 239-room La Quinta Inn & Suites hotel in Chicago. The local hospitality investor acquired the property, at 1 South Franklin St., from Highgate and Cerberus Capital Management. ...

Access Point Financial has provided $29.25 million of short-term financing against three hotels with 274 rooms owned by American Hotel Income Properties REIT. It's the second time that Access Point, of Atlanta, has provided financing against American Hotel Income-owned properties. ...

Bass Pro Shops has agreed to buy the 254-room Cheeca Lodge & Spa fishing and sporting resort in the Florida Keys village of Islamorada, Fla. The Springfield, Mo., retailer, formally BPS Direct, operates 181 sporting good stores under the Bass ...

Madison Newbond has provided $115 million of mortgage financing against the recently completed La Bahia Hotel & Spa in Santa Cruz, Calif. The five-year loan was arranged by Sonnenblick-Eichner Co. of Los Angeles. The 155-room hotel was developed by Ensemble ...

Commercial Real Estate Direct Staff Report Manchester Financial Group, which owns the 1,048-room Fairmont Austin hotel in Austin, Texas, tapped a reserve fund to pay some of the property's taxes. It evidently did that without consent of its CMBS lender, ...

New York Business Journal An affiliate of Melia Hotels International has paid $203 million, or $648,562/room, for the Innside New York NoMad hotel in Manhattan. The Palma de Mallorca, Spain, hospitality company bought the 313-room property from its developer, Artimus ...

San Antonio Business Journal Scenic Capital Advisors has lined up $36.8 million of financing for its acquisition of the 367-rpp, Marriott San Antonio Airport hotel. Frost Bank provided the loan. Scenic Capital, of Austin, Texas, purchased the property from Bricton ...

Triangle Business Journal AD1 Hospitality is offering for sale the 166-room DoubleTree by Hilton Hotel in Rocky Mount, N.C. Hotel Brokers of America has been tapped to market the property, at 651 North Winstead Ave., with an asking price of ...

TYKO Capital has provided $870 million of financing for the construction of the Four Seasons Private Residences Lake Austin. The project is being developed by a venture of Austin Capital Partners and Lincoln Property Co. on nearly a mile of ...