DoubleTree by Hilton Hotel Bend, Located in Bend, Oregon Sold

The 117-room property features an indoor swimming pool, fitness center, business center, and three meeting rooms totaling 2.327 square feet of meeting space. It is located right off US Route 97 in the heart of downtown Bend, Oregon.
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New Transfer Tax on All Real Property Sales Over $5 Million in the City of Los Angeles – By Jim Butler

Last month Los Angeles voters approved Measure ULA, imposing a new tax on all real property sales or transfers over $5 million. This will affect all parties involved in a real property transaction, and it is important to understand the implications of the measure before negotiating on a new project. My colleague David Tabibian, partner in JMBM’s Real Estate Department and Global Hospitality Group, explains the initiative and its potential impact below.
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Hyatt Place Chengdu Bio-Town Celebrates Official Opening

CHICAGO – (December 9, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced Hyatt Place Chengdu Bio-Town, the second Hyatt Place hotel in Chengdu, expanding the Hyatt Place brand’s…

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112 Room Holiday Inn Express & Suites Bluffton @ Hilton Head Area Sold

Banyan Investment Group (BIG) today announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in S.C., to Trishul Hospitality for an undisclosed price. The transaction generated a 24% IRR and a 3.3x equity multiple.
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Hyatt Centric Escazu San Jose to Open 2024 in Costa Rica

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Caribe Hospitality S.A. for Hyatt Centric Escazu San Jose.
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