Financing
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HFF secures refinancing for DoubleTree Minneapolis   2 Jun, 2015

HFF worked on behalf of the borrower, Wheelock Street Capital L.L.C, to secure the three-year, floating-rate loan with two optional one-year extensions through BBVA Compass Bank. Loan proceeds will be used to refinance a loan, which was assumed by the borrower upon its acquisition of the property...More>>

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Starwood makes leadership changes and announces Middle East plans   8 May, 2015

The company announced a global shake-up of its leadership, starting with the appointment of John Peyton to the new role of SVP, brands and shared services. It also plans to double its portfolio in the Middle East, opening 50 hotels by 2019.More>>

SMC Hotel Partners LLC recently sold the Radisson Hotel Cincinnati Riverfront Newswire
Brokers see strong hotel transactions market   25 Mar, 2015

Demand for select service expected to grow; international players seen to be becoming more of a force.More>>

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IHIF delegates content with overall industry direction   26 Feb, 2015

Respondents to IHIF survey dish on global markets, the weakened euro and the value of global trade shows.More>>

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Hotel investment continues amid unsettled global scene   26 Feb, 2015

Doom and gloom scenarios don’t appear to slow up hotel development and transactionsMore>>

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Des Moines reviews plan for new convention center hotel   23 Feb, 2015

If built as planned, the project would rely on more than $60 million in public money: $39.4 million from a new state program, $14.2 million from the city, $6 million from the county and $1 million from a state environmental cleanup grant. The project would be funded by TIF grants from the city,...More>>

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"Shining" hotel owner secures $46M loan   10 Feb, 2015

The owner of The Stanley Hotel in Estes Park, Colo., has landed a $46-million loan that will help pay for the construction of a luxury resort planned for the grounds of the historic property. More>>

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PMZ Realty secures $138.5M loan for TPI Hospitality portfolio   20 Jan, 2015

PMZ Realty Capital recently procured a $138.5-million loan for its client, TPI Hospitality. The loan includes financing for 12 hotels in their portfolio focusing on the Minneapolis and Florida markets. The financing included Marriott, Hilton, and IHG franchises in suburban Minneapolis in and a...More>>

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R Hotels secures $55M for hotel development in Dubai   19 Jan, 2015

R Hotels, the hospitality division of Ajman-based R Holding, has secured funds worth Dh204 million ($55.5 million) from the Commercial Bank of Dubai to back the development of its recently announced property in Dubai's Palm Jumeirah. The fund is part of R Hotel’s Dh500 million ($136 million)...More>>

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Canyon Capital finances development of SLS Brickell   1 Dec, 2014

Canyon Capital Realty Advisors has provided a $157-million senior construction loan to a joint-venture between the Related Group of Florida and SBE Hotel Group to finance the development of the SLS Brickell Hotel & Residences.More>>




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