Hotel

Courtyard by Marriott in Virginia Sells for $20M

Excel Group’s purchase of the 191-key Courtyard by Marriott Springfield marks the seventh major transaction for the company in the last year.

Hotel

SoCal Hotel Lands $44M Construction Loan

Acres Capital Corp. will use the financing to complete and stabilize a 233-key property in Arcadia, Calif. Le Meridien by Marriott International is set to be a four-star property.

Hotel

Sterling Bay Opens Fulton Market Hyatt

The 200-key extended-stay hotel broke ground in 2018, with the developer financing the project through a $42 million construction loan.

Hotel

Regions

Change City

Infinity Hotel San Francisco Joins Ascend Collection

The 75-key property in the city’s Marina District is now part of Choice Hotels International’s growing group of boutique and historic hotels and resorts with local flavor.
San Francisco 07 June 2019 12:21
CPE’s Top 5 Posts in May

Miss any of our articles? Catch up with five of our most popular posts for the month.
National 07 June 2019 11:46
Ashford to Pay $275M for Hotel Management Platform

The Dallas-based company has agreed to purchase the platform from Remington. The business provides services for two Ashford-advised REITs and oversees nearly 90 hospitality properties.
National 05 June 2019 13:30
Shaner Hotels JV Breaks Ground on 108-Key PA Project

The company has partnered with Paul Risk Construction to develop a five-story Fairfield by Marriott in Mechanicsburg, its 15th property in Pennsylvania.
Northeast 04 June 2019 11:09
Lodging Market Headed for a Brief Slowdown

Hospitality demand is expected to drop in 2020 and 2021, mirroring a decline in economic growth, but numbers will go on the upswing again in 2022, according to a CBRE Hotels report.
National 03 June 2019 13:01
Choice Hotels to Bring New Cambria Asset to Fort Lauderdale

The 104-key South Florida property, set to open in 2020, will offer ocean views and easy access to North Beach, Broward County Convention Center and the Port Everglades cruise terminal.
Miami 29 May 2019 12:41
Ocean City Hotel Welcomes First Guests

Aloft Hotels has opened its first-ever property in the popular Maryland resort town, partnering with Blue Water Development and Real Hospitality to bring the 120-key project near the famous boardwalk.
Midatlantic 29 May 2019 12:03