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    The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.

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    The hotel market data and benchmarking firm's October 2017 Pipeline Report saw some slowing in the U.S. hotel construction, with cities like New York, Houston, Los Angeles and Seattle seeing year-over-year decreases in construction of hotel rooms.

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    Natixis provided a $29.3 million loan to the company, which used the financing to purchase the asset and fund tenant improvements and leasing commissions associated with the lease-up of the building.

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