Provenance Hotels today announced the strategic sale of its minority interests in the Woodlark Hotel to majority shareholder NBP Capital, a vertically integrated commercial real estate investment platform. In connection with the transaction, NBP has also acquired the management rights to the Hotel. Terms of the deal were not disclosed.
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Sonnenblick-Eichner Company announced today that it was the exclusive advisor to the Borrower for the placement of $35 million of first mortgage interim financing for the leasehold interest in the Moxy Oakland Downtown, a 172-room hotel located in the Uptown Arts and Entertainment District of Oakland, California. The financing was provided by ACORE Capital.
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CHICAGO (June 14, 2022) – Hyatt Hotels Corporation (NYSE: H) is pleased to announce the opening of Hyatt Place Montreal Downtown, Montreal’s first Hyatt Place hotel. The hotel is located near…
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Owned by real estate developer SIGNA Prime Selection, the hotel is situated in the city's historic San Marco district, between the Grand Canal and Piazza San Marco, just a short distance from famous sites such as the Rialto Bridge.
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Hilton (NYSE: HLT) today announced the signing of an agreement with Mitsubishi Estate Co., Ltd. to open Conrad Nagoya in the summer of 2026. The hotel will be part of a multi-company mixed-use development, located in Nagoya’s central business district of Sakae, Aichi Prefecture.
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Weekly Hotel Industry Asia Pacific News Roundup from from HVS
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Transaction adds nine brands, 624 hotels and over 68,000 rooms to Choice Hotels portfolio
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The Siegel Group announced today that it had acquired a portfolio of five extended-stay properties previously operated under the Hamilton Inn Extended-Stay brand for $29 million.
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Scandic and property owner Pandox have agreed to extend the leases for 15 hotels in the Nordic region, of which 12 are in Sweden, two in Finland and one in Norway. In addition, the agreement for the Marina Congress Center in Helsinki has been extended. The agreement includes a total of 3,598 hotel rooms.
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The property is located in Florida and is operated by Darden Restaurants. The transaction was priced at a 4.5% cap rate on current rent, exclusive of transaction costs, and will result in a gain to FCPT.
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