389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
property type: Hotel & Resort
Los Angeles-Area Hotel Sells for $68Mln
The Real Deal Land and Houses USA has paid $68 million, or $386,363/room, for Residence Inn Los Angeles LAX/Manhattan Beach, a 176-room hotel in Manhattan Beach, Calif. The Campbell, Calif., company purchased the property from Washington Holdings, which was represented ...
117-Room Cambria Hotel Planned for Suburban Orlando
Orlando Business Journal Maguire Holding Group has proposed building a 117-room Cambria Hotel in Ocoee, Fla., about 11 miles west of Orlando, Fla. The local developer has filed plans to construct the six-story property on 2.6 acres at 924 Maguire ...
Owner of Hilton San Francisco Hotel Seen Nearing Term Extension on $106.05Mln of Financing
InterGroup Corp., which owns the 543-room Hilton San Francisco Financial District hotel, is in talks with special servicer Rialto Capital Advisors over a potential one-year term extension of the property's $86.05 million mortgage and $20 million of mezzanine financing.
291 Livingston St. in Brooklyn, N.Y.
Midas Hospitality has paid $34.9 million for the unfinished 104-room hotel project at 291 Livingston St. in Brooklyn, N.Y. The St. Louis company bought the property from Aview Equities of Brooklyn, which had thrown it into bankruptcy last June. Aview ...
Ashford Hospitality Launches Private REIT, Raises Capital
Ashford Hospitality Trust Inc., which has been paring its portfolio as it faces the maturity of more than $2.55 billion of debt this year and next, has launched a private REIT that it has seeded with four of its select-service ...
163-Room Hotel to Open in St. Petersburg, Fla.
Tampa Bay Business Journal The 163-room Moxy St. Pete hotel in St. Petersburg, Fla., is scheduled to open in June. The property, at 1234 Central Ave. in the city's Edge district, will have 1,000 square feet of flexible meeting space, ...
PEG Cos. Buys Salt Lake City Hotel for $19.2Mln
Commercial Real Estate Direct Staff Report PEG Cos. has paid $19.2 million, or $133,333/room, for the 144-room Residence Inn hotel in Salt Lake City. The Provo, Utah, investment firm purchased the property from Ashford Hospitality Trust of Dallas. The hotel, ...
Glendale, Ariz., Hotel Sells for $23.75Mln
Rentv.com Bradford Allen Hospitality Investments has paid $23.75 million, or $237,500/unit, for the 100-room Aloft Glendale at Westgate hotel in Glendale, Ariz. The Chicago investor purchased the property from HCW Hospitality & Development, which was represented by Cushman & Wakefield. ...
Circa 39 Hotel
An affiliate of CL Hotels has bought the 97-room Circa 39 Hotel in Miami Beach, Fla., for $25.55 million, or about $263,402/room. The local hospitality company purchased the property from a venture of Black Salmon of Miami and AMS Hospitality ...
Tallest Building in U.S. Proposed for Oklahoma City
Dallas Business Journal Mattison Capital LLC has proposed building a hotel and residential tower in Oklahoma City that, if approved, would be the tallest structure in the United States. The Newport Beach, Calif., company, founded and led by chief executive ...
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