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
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
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
Expected to open its doors in 2026, the property will be newly built on a ~2.5-acre hilltop plot of land at an altitude of 2,400 metres in Fagu, Shimla
Source: New feed
Sonnenblick-Eichner Company, on behalf of Woodside Hotel Group, has arranged $26,750,000 of non-cross collateralized, fixed rate, first mortgage financing for the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay, located in Lafayette and Bodega Bay, California, respectively.
Source: New feed
CHICAGO (January 10, 2022) – 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…
Source: New feed
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
The property is located in Pennsylvania and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions.
Source: New feed
VICI Properties Inc. (NYSE: VICI) announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of existing property-level debt.
Source: New feed
The 322-room hotel and resort is located in Tusayan, Ariz. – only 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park. Terms of the purchase are not being disclosed.
Source: New feed