Hotel - Midwest
Cities
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Mag Mile Capital Arranges Loan for Michigan Hotel Portfolio
Senior Vice President Francisco Nacorda completed the $23.7 million loan on behalf of the borrower, Stellar Hospitality.
05 February 2020 18:09 -
Historic Detroit Hotel Receives $77M Refi
Built in 1924, the property underwent a major renovation in 2008, following a 20-year vacancy.
30 January 2020 13:42 -
Akara Partners Lands $57M Refi for Chicago Hotel
The company will use the proceeds to refinance the construction loan on the extended-stay Home2Suites by Hilton downtown property.
23 January 2020 12:36 -
Vista Capital Arranges Financing for 2 Indiana Hotels
The fixed-rate loans were awarded to a European-based investment bank.
17 December 2019 17:54 -
AHIP to Acquire $191M Hospitality Portfolio
The company will finance the acquisition with the proceeds of a recent $215 million disposition and a new loan.
02 December 2019 07:57 -
Twain Financial Secures Financing for Chicago Historic Building
The $18 million in Federal Historic Tax Credits will help restore the former Chicago & North Western Railway Company Building.
08 November 2019 17:41 -
Q&A: Building Design Shifts Toward Wellness Architecture
Dwayne MacEwen of DMAC Architecture and Samantha McCormack of TPG Architecture discuss how green building has evolved from saving the planet to improving comfort and health.
08 November 2019 11:08 -
Detroit’s 1st Cambria Gets Under Way
Scheduled for completion in 2020, the Choice Hotels property is rising two blocks from TCF Center.
05 November 2019 08:34 -
VICI Inks $843M Cleveland Casino Deal
The agreement with Jack Entertainment encompasses gaming properties in downtown Cleveland as well as suburban North Randall.
29 October 2019 12:27 -
Kansas City Hotel Project Lands C-PACE Support
Upon completion in early 2021, the 153-key development will be the first Hyatt House in the metro.
25 October 2019 11:20 -
Hyatt Hotels Expands Hyatt Place Brand
The pet-friendly property in Flint, Mich., is located close to the Bishop International Airport and includes the brand’s signature amenities.
16 October 2019 15:37 -
VICI Properties Finalizes $558M JACK Cincinnati Casino Buy
The company entered a triple-net lease agreement with Hard Rock International for $42.8 million in annual rent. Two other leasing transactions are pending.
27 September 2019 12:58 -
Skender Manufacturing Adds New VP
Merle brings more than 25 years of construction, building product and strategic business development experience to his new role.
24 September 2019 09:04 -
Starwood Capital Trades Nashville Hotel for $80M
Pacific Western Bank provided the buyer of the 296-key Embassy Suites with more than $60 million in acquisition financing.
05 September 2019 09:33 -
Ashford Hospitality Sells 2 Hotels for $38M
The REIT utilized proceeds from the sale of hotels in Georgia and Wisconsin to pay down debt.
16 August 2019 13:45