property type: Hotel & Resort

July 11, 2005 The TennesseanLineberry Properties, owner of a late 1950s era West End office building in Nashville, Tenn., sent tenants notice of plans last week to convert the 131,000-square-foot building named Midtown Plaza into a boutique hotel. Plans call ...

The venture is said to have agreed to buy the 605-room hotel in Manhattan, with plans to convert most of the hotel to residential condominiums. It is being sold by Strategic Hotel Capital LLC.

July 8, 2005 KeyBank has provided $53.1 million of mortgage debt for the Hilton Glendale, a 351-room hotel in Glendale, Calif., owned by Eagle Hospitality Properties Trust Inc. (NYSE:EHP) The seven-year loan pays interest only throughout its term and carries ...

July 8, 2005 Detroit NewsOccupancy rates for metropolitan Detroit's hotel rooms rose slightly through the first five months of this year to 54.2 percent, up from 53.3 percent in May 2004, according to Smith Travel Research. Occupancy rates are expected ...

Profit increases have enabled more hotels to stay current with their debt obligations. And for the first time in eight years, the number of hotels that weren't current on their debt declined. According to a study, there's more good news ...

July 6, 2005 Hersha Hospitality Trust (NYSE:HT) has partnered with Jiten Management, a Boston developer and hotel operator, to acquire the 164-room Courtyard by Marriott in South Boston, Mass. A purchase price was not disclosed.The six-story Courtyard by Marriott is ...

The hotel company has liquidated its second investment fund by selling eight hotels for $267 million to a fund managed by Pyramid Advisors. Pyramid financed the purchase with $250 million of debt from Wells Fargo and Morgan Stanley.

July 5, 2005 The Marriott Wardman Park, a 1,334-room hotel in Washington, D.C., changed hands for $300 million.As reported, JBG Cos. of Chevy Chase, Md., and CIM Group purchased the property. It was sold by Thayer Lodging Group of Annapolis, ...