Hotel - National
Economy Watch: Hotel Pipeline Grows in April
Nearly 4,843 hotels were currently in process in the U.S. in April, according to a recent STR report, an increase of 15 percent from a year ago. Limited service hotels account for roughly two-thirds of all hotel construction in the country.
Condor Hospitality Trust Boosts Acquisition Fund
KeyBanc Capital Markets, BMO Capital Markets and Huntington National Bank were the joint lead arrangers of the additional $60 million to the company’s credit facility.