CMBS Special Servicing Roundtable for Distressed Hotel and Retail Projects- By Jim Butler

July 14, 2020

It’s estimated that 20 percent of hotels in the U.S. have debt held in commercial mortgage-backed securities (CMBS). Among these hospitality industry borrowers are hotel owners needing financial relief due to the COVID-19 pandemic, many of whom are unfamiliar with working with master servicers and special servicers in the complex world of CMBS.
Source: New feed

Sleiman Enterprises to Restore Historic San Marco Square Buildings in Jacksonville

July 14, 2020

Commercial real estate owner and developer Sleiman Enterprises announced the renovation of the iconic San Marco Square buildings. The collection includes three buildings: 1974 San Marco Blvd., a historic 94-year-old 8,200-square-foot building located directly across from the iconic Lion’s Fountain in Balis Park; 1980 San Marco Blvd., currently a Starbucks; and 1972, a Beau Outfitters.
Source: New feed

Grand Hyatt Limassol Hotel to Open 2025 in Cyprus

July 13, 2020

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel on the island of Cyprus, Grand Hyatt Limassol. The 300-room luxury resort is expected to open in 2025 and signifies Hyatt’s continued growth into Europe’s leading travel destinations.
Source: New feed

SoFresh Signs Multiple Franchise Agreements

July 13, 2020

SoFresh is scheduled to open three new Florida locations this year. The first of the three will be in South Tampa at Westshore Town Center (next to Starbucks).
Source: New feed

Hyatt Announces Plans for its First Hotel in Cyprus

July 13, 2020

CHICAGO (July 13, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel…

Source: New feed