MCR has closed on a $420 million refinancing of 30 hotels across the country. The financing was provided by balance sheet lenders Wells Fargo (who served as lead left arranger on the transaction), BMO Harris (joint lead arranger), Bank of America and Square Mile Capital at an interest rate of SOFR + 3.73%.
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VICI Properties Inc. (NYSE: VICI) announced today that the Company has agreed to provide a mezzanine loan investment for up to $59.0 million to Great Wolf Resorts, Inc. related to the development of Great Wolf Lodge South Florida, a more than $250 million family resort project in Collier County, FL.
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n conjunction with the launch of its Residences, Banyan Tree will also develop resorts and golf courses in the country through 2030.
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Monarch purchased the Aloft Orlando and the Holiday Inn Express & Suites Orlando, both located in the Lake Buena Vista submarket within close proximity to Disney World. In addition, the firm acquired the TownePlace Suites Orlando located in the Universal Studios submarket.
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The California Hotel Development Survey 2022 Mid-Year from Atlas Hospitality Group reports pandemic-challenged hotel developers faced additional hurdles with inflation and interest rate increases, which could lead to rooms supply shrinking again.
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Indian Hotels Company (IHCL) today announced the signing of a SeleQtions hotel in Tirupati, Andhra Pradesh. The currently operational hotel will be rebranded as SeleQtions. The hotel is a management contract with Bliss Hotels Limited.
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JLL’s Hotels & Hospitality Group announced today that it has closed the sale of the dual-brand Homewood Suites & Tru by Hilton Albany Crossgates Mall, a 192-key, extended stay and select service hotel in Albany, New York.
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CHICAGO (July 14, 2022) – To share progress made across World of Care, the company’s Environmental, Social and Governance (ESG) platform, Hyatt Hotels Corporation (NYSE: H) today published its…
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The Starling features 433 guest rooms and 33 suites with sweeping city views and 45,500 square feet of meeting space, including 9,400 square feet of ballroom space and a top-floor event space featuring panoramic views of the city.
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General Assembly Holdings Limited (TSXV: GA) are now available at 59 Sobeys stores across Ontario.
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