Hotel - Midwest

Marcus & Millichap Brokers Sale of IL Hotel
The buyer took out an $8.5 million loan from Citizens Community Federal to finance the acquisition of the 117-key Hampton Inn and plans to upgrade the property.
Hotel
Casto Acquires Ohio Hotel, Plans Redevelopment
The former Knights Inn Hotel in Heath will be demolished and work for a new retail property is scheduled to begin by the end of the second quarter.
Retail
New Courtyard by Marriott to Open in Indiana
Indianapolis developer MHG Hotels owns and manages the new four-story, 97-key business hotel in Speedway, set to debut later this week.
Hotel

Cities

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    VICI, Hard Rock to Acquire Ohio Casino for $745M

    The companies will purchase the real estate and operating assets of the JACK Cincinnati Casino from JACK Entertainment in separate all-cash transactions.

    09 April 2019 09:41

  • sbe, Byzantine Team on Downtown Detroit Mixed-Use

    The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.

    08 April 2019 10:27

  • Hilton Opens New Embassy Suites in IN

    The new Embassy Suites hotel will include 174 keys located in close proximity to the Indianapolis International Airport. The property includes 10,1000 square feet of event space.

    27 March 2019 17:02

  • Historic Hotel in Downtown Detroit Changes Hands

    An LLC led by partners Mario Kiezi and Mike Abdulnoor bought The Royal Palm/Park Avenue Hotel and are planning a full restoration of the asset.

    26 March 2019 21:16

  • Hyatt Centric Expands in TN and TX

    Three new Hyatt Centric hotels are slated to open in Memphis, Nashville and Austin in 2020 and 2021. Currently, the brand has 26 properties across 11 countries.

    26 March 2019 10:16

  • HREC Brokers Midwest Hotel Portfolio Sale

    Acting on behalf of The Raymond Group and North Central Group, the firm sold three Hampton Inn properties in Wisconsin and Iowa.

    18 March 2019 11:56

  • Home2 Suites by Hilton Opens in MN

    Part of a $28 million development, the 107-key project is the second new hotel to come online in Brooklyn Park since 1998.

    14 March 2019 13:49

  • Apple Hospitality Buys MN Hotel for $32M

    The 160-key Hampton Inn & Suites by Hilton opened in 2016 on the site of the former Seven Corners, a city landmark since 1933.

    07 March 2019 09:54

  • Dual-Branded Marriott Opens in Knoxville

    The Courtyard and Residence Inn Knoxville Downtown totals 232 keys and features joint amenities including a fitness center, meeting space and a terrace.

    01 March 2019 14:08

  • Hilton Launches New Brand

    Signia, which will kick off with three properties in as many major cities, will compete with the hospitality industry’s top meetings and events brands, while also targeting upscale leisure travelers.

    26 February 2019 14:21

  • New Home2 Suites by Hilton Debuts in Chicago

    Akara Partners developed the 17-story property, which features 206 guestrooms and 5,000 square feet of retail space. This marks the opening of the brand's 300th location.

    22 February 2019 11:10

  • Top 10 States for LEED Certification

    The U.S. Green Building Council ranking of leading states encompasses 468 million gross square feet and is based on the amount of square footage per capita.

    12 February 2019 09:48

  • Nashville Hotel Development Lands $29M Loan

    Tharaldson Hospitality Management's Staybridge Suites will include 163 guestrooms. The project kicked off last summer, following the demolition of a fire station.

    07 February 2019 11:17

  • Indianapolis-Area Hilton Hotel Tops Off

    Developer White Lodging Services Corp. broke ground on the 136-room Fort Wayne hotel in June 2018 and expects to deliver it in July this year.

    04 February 2019 14:03

  • Largest New PACE Construction Project in Ohio Receives Funding

    PACE Equity funded more than 22 percent of the capital stack of a highly-sustainable new Homewood Suites and Hilton Garden Inn in Easton Town Center.

    01 February 2019 22:10

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