Financing
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New York's Roosevelt Hotel refinanced by J.P. Morgan   28 May, 2014

J.P. Morgan Chase has provided a $140-million loan to refinance existing debt on the Roosevelt Hotel in New York, a hotel that is owned by the Pakistani government’s state-run Pakistan International Airlines, public records show, and as reported by Commercial Observer.More>>

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Goldman Sachs among banks to arrange Extended Stay America loan   27 May, 2014

Extended Stay America has announced that its subsidiary, ESH Hospitality, Inc., is seeking to raise a $375-million senior secured term loan to refinance the existing outstanding $365 million of mezzanine debt and pay related transaction fees and expenses.More>>

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HSBC makes loan on GFI Capital's Beekman Hotel project   23 May, 2014

GFI Capital Resources Group, the developers behind the soon-to-be Beekman Hotel in Lower Manhattan, has received a $207-million loan from HSBC Bank, reports Commercial Observer. More>>

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Former America’s Best Franchising CEO launches brokerage firm   21 May, 2014

Hotel industry veteran Doug Collins has launched DC Hospitality, a nationwide hotel brokerage firm handling all brands, all sizes, and all styles of properties.More>>

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La Quinta IPO raises $650M   9 May, 2014

Blackstone Group has taken La Quinta Holdings public in a greatly successful IPO.More>>

It's a buyer market Newswire
It's a buyer’s market…and a seller’s   29 Apr, 2014

Today’s hotel market offers an interesting dichotomy, with meaningful opportunity for both buyers and sellers.More>>

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Good lending environment upcoming   29 Apr, 2014

Signs point to a continuing strong hotel transactions market in 2014.More>>

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Planned Hyatt hotel in Chicago's Loop scores $34M loan   25 Apr, 2014

The developer of a planned Hyatt Place hotel in Chicago's Loop has scored a reported $34-million construction loan for the 206-room project. OTO Development borrowed the money in February from Bank of America.More>>

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ADCB to finance Fairmont hotel in Abu Dhabi   23 Apr, 2014

Abu Dhabi Commercial Bank has signed an approximately $258-million loan deal with National Investment Corporation, the developer of the breakwater area in Abu Dhabi, for the development of the new Fairmont hotel, reports Emirates 24/7. More>>

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It's a buyer's market...and a seller's   23 Apr, 2014

Today’s hotel market offers an interesting dichotomy, with meaningful opportunity for both buyers and sellers. Significant overhang from the economic downturn continues to exist, providing a very large inventory for buyers seeking transitional assets; and, with industry fundamentals strong and...More>>




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