Courtyard Dallas Grand Prairie Hotel in Grand Prairie, Texas Sold

MCR has acquired the Courtyard Dallas Grand Prairie, a four-story, select service hotel with 120 rooms in Grand Prairie, Texas. The hotel was purchased with acquisition financing from American Momentum Bank in place, at a rate of SOFR plus 260 basis points and a 65% loan to value.
Source: New feed

Highgate Launches HG Portugal with 18 Hotels

HG Portugal begins with a portfolio of 18 hotels spanning the Algarve, Lisbon, Porto, and several other markets throughout Portugal. The portfolio includes hotels operating within the Hilton and IHG brand families, as well as several noteworthy independent hotels such as Cascade Resort, Salgados Palace, and Sao Rafael Atlantico.
Source: New feed

Hyatt Proudly Announces the Opening of FirstName Bordeaux

CHICAGO (January 11, 2023) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of FirstName Bordeaux, a lifestyle hotel joining the JdV by Hyatt collection of independent hotels….

Source: New feed

Courtyard Boston South Boston in Boston, Massachusetts Sold

JLL Capital Markets announced today that it has closed the sale of Courtyard Boston South Boston, a 164-key select-service hotel in Boston, Massachusetts. JLL represented the seller, Hersha Hospitality Trust.
Source: New feed

Grand Hyatt La Manga Club and Resort to Open Mid 2023 in Spain

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a franchise agreement with La Manga Club, S.L. (an affiliate of Grupo Inversor Hesperia) for Grand Hyatt La Manga Club and Resort.
Source: New feed

Best Western Premier Houston Katy Hotel Sold

HVS Brokerage & Advisory announces the sale of the 92-key Best Western Premier Houston Katy, located at 1549 Westborough Drive, Katy, Texas 77449.
Source: New feed