The non-recourse five-year, fixed-rate loan was funded by a Wall Street investment bank. The loan is interest-only for the entire term at an interest rate of 7.74%, which included a buydown of the rate required by the lender.
Source: New feed
JLL’s Hotels & Hospitality group procured the buyer in the sale of the 117-suite, select-service hotel
Source: New feed
JLL’s Hotels & Hospitality group arranged the sale of the 154-room, select-service hotel
Source: New feed
This collection consists of Marriott Vacation Club branded properties, including those formerly branded as Marriott Vacation Club Pulse, in seven cities with expansion plans that will also include other branded vacation club properties in highly sought after urban areas.
Source: New feed
CHICAGO (April 1, 2024) – Hyatt Hotels Corporation (NYSE: H) today announced the launch of the adults-only Hyatt Vivid brand with the opening of Hyatt Vivid Grand Island in Cancun, Mexico. The…
Source: New feed
New renderings released for the three-bedroom Riads at Sir Richard Branson’s Moroccan retreat, which will re-open in full following post-earthquake restorations
Source: New feed
JLL’s Hotels & Hospitality group represent the seller in the sale of the 127-key hotel
Source: New feed
Climate change is driving record transaction levels in high-altitude, luxury hotels
Source: New feed
Following the initial launch in 2019, Radisson Hotel Group will be launching eight additional cobranded properties in 2024 in EMEA across select Radisson Blu and Radisson Collection hotels, aligned with the full return of Chinese outbound travel.
Source: New feed
IHG Hotels & Resorts held its first owner roadshow of the year in Beijing. It marked significant progress by signing 24 hotel projects across its essentials and premium hotel brands, including Holiday Inn Express, Holiday Inn, and EVEN Hotels.
Source: New feed