The properties are located in strong retail corridors in Arizona and Illinois and are occupied under a long-term, triple net lease with approximately 20 years of term remaining.
Source: New feed
Month: December 2023
SpringHill Suites by Marriott Las Vegas Convention Center Hotel Sold for $75 Million
Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, or $251,000 per key.
Source: New feed
Park Hyatt Marrakech Officially Opens its Doors
CHICAGO (December 27, 2023) – Hyatt Hotels Corporation (NYSE: H) today announces the opening of Park Hyatt Marrakech, marking the debut of the Park Hyatt brand in Morocco and growing the…
Source: New feed
Indian Hotels Company Signs New Vivanta Hotel in Talegaon, Pune
The 140-keyshotel spread over 2.5 acres is located on Talegaon MIDC road, at a short driving distance from the leading multinational companies.
Source: New feed
The Source Hotel & Market Hall in Denver Joins Latitudes Portfolio
Reborn from an 1870s iron foundry, The Source is a boutique hotel, market hall, and creative hub in the heart of Denver’s lively RiNo Art District.
Source: New feed
Mercure to Open Hotel 2026 on the Black Sea Coast in Batumi, Georgia
Accor announces the signing of a cooperation agreement with the Georgian development company Mardi Holding to open a new Mercure on the Black Sea coast in Batumi, Georgia.
Source: New feed
Hard Rock Hotel & Casino Athens to Open in 2027,
Today, Hard Rock International, GEK TERNA Group and the Athens community celebrated the groundbreaking of the resort and Casino in the heart of the Athens Rivera.
Source: New feed
Pebblebrook Hotel Trust Sells Marina City Retail Space and Parking Facilities in Downtown Chicago for $30 Million
Pebblebrook Hotel Trust (NYSE: PEB) announced today that on December 21, 2023, it successfully completed the sale of the Marina City retail space and two parking facilities adjacent to its Hotel Chicago Downtown, Autograph Collection, for $30.0 million to a third party.
Source: New feed
Iconic MacArthur Place Hotel & Spa in Sonoma, CA Sold
Foley Entertainment Group (FEG), established by businessman and Sonoma Valley vintner, Bill Foley, has acquired Sonoma’s iconic MacArthur Place Hotel & Spa from Lat33 Capital.
Source: New feed
51 Key Quality Suites South Austin Hotel in Austin, Texas Sold
The property, built in 1999, was purchased by Celestial Dreams, LLC, based in Fort Myers, Florida, from Door Capital Partners, based in Austin, Texas.
Source: New feed