Hospitality
IHG Expands Jeddah Portfolio with City’s First Staybridge Suites
IHG has inked an agreement with Dyafah Al Mutahida that will see a new Staybridge Suites open in the city of Jeddah, Saudi Arabia. …
Miami Beach Convention Center Competitors Line Up Their Pros, Cons
In the latest round of the high-stakes competition to masterplan and redevelop the 52-acre Miami Beach Convention Center, the South Beach ACE team yesterday laid out the key points of both proposals and contended not only that its plan is better but that the Portman-CMC plan is shifting to resemble…
ULI Special Report: The Money Market
Investors on two ULI capital markets panels evaluate opportunities both domestically and abroad, and track the flow of foreign capital.…
First Wyndham Hotels & Resorts to Open in Dubai Marina
Wyndham Hotel Group plans to open the first Wyndham Hotels & Resorts property in the United Arab Emirates after signing an agreement with Sigma III Limited, a subsidiary of British-owned developer The First Group, to manage its 33-story building in the Dubai Marina.…
Silverstein Secures Financing for Four Seasons Hotel, Condo Project in Lower Manhattan
Backed by a $660 million loan from a London investment fund, Silverstein Properties will begin construction this fall on a $950 million project, one of the tallest skyscrapers in downtown Manhattan, comprised of a 185-room Four Seasons hotel and 157 luxury condos. …
CBRE Global Investors Fund Buys Hotel in San Jose
CBRE Strategic Partners U.S. Value 6 fund is making its first hotel acquisition with the purchase of the San Jose Marriott, a 506-room, full-service hotel attached to the San Jose Convention Center.…
Pan Pacific Opens $81M Extended-Stay Hotel in Singapore
The 180-key extended-stay luxury hotel is Pan Pacific's fourth Singapore property. …
CBRE Hotels Sells Hampton Inn, Courtyard in Florida
There's been no lack of activity in the metropolitan Jacksonville hotel market this year, and the Hampton Inn & Suites Ponte Vedra and the Courtyard by Marriott Flagler Center are among the latest properties to change hands. …
BCRE Trades The James NY Hotel for $85M
Brack Capital Real Estate, a global real estate investment and development company, has sold The James New York, a luxury hotel in the popular SOHO neighborhood, for approximately $85 million to an undisclosed buyer.…
Lend Lease, InterContinental Obtain $465M to Build Private Hotels on Army Bases
Lend Lease has secured $465 million in debt financing from Bank of America and is moving ahead with the third and final phase of renovating and developing more than 11,000 hotel rooms on 39 U.S. Army installations with Intercontinental Hotels Group-branded hotels.…
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