 | Newswire
Pebblebrook acquires Hotel Vintage Park Seattle and Hotel Vintage Plaza Portland 10 Jul, 2012
The REIT purchased the 124-room Hotel Vintage Park Seattle for $32.5 million, and the 117-room Vintage Plaza Portland for $30.5 million. Kimpton Hotels & Restaurants will continue to operate both of the wine-themed properties. More>>
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 | Newswire
Trump gets $106-miilion mortgage on Doral Golf Resort 6 Jul, 2012
Who says getting a loan is tough? It's not for Donald J. Trump, the new owner of the Doral Golf Resort & Spa. According to the South Florida Business Journal, The Donald was able to swing a $106-million mortgage for the 693-room hotel and golf course from Deutsche Bank Trust Co. The loan represents...More>>
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 | Newswire
London's May Fair hotel launches new Ebony Suite 4 Jul, 2012
The May Fair hotel in London has launched a new Ebony Suite. The suite boasts a private terrace and baths that have the TOTO bathroom technology, including an illuminated bath, color-changing, heat-sensitive basin controls and fully automated Washlet toilet, complete with remote control.More>>
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 | Newswire
Roanoke, Va., attracting hotel developers 2 Jul, 2012
At least four new hotels are in the works for Roanoke, where a new hotel property hasn't opened since 2010. But according to a report in The Roanoke Times, numerous city and municipal partnerships are pushing for more hotel rooms as the city's tourism demand grows. Still, occupancy remains below...More>>
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 | Newswire
Peabody Little Rock likely losing flag with sale 2 Jul, 2012
BG Excelsior Limited Partnership, an affiliate of Peabody Hotel Group, signed an agreement with real estate investor Fairwood Capital regarding the sale of The Peabody Little Rock. While conditions and terms still are up in the air, the new buyer apparently is shopping for a new franchise for the...More>>
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 | Newswire
Banks intrigued by hotel loans for South Florida 29 Jun, 2012
With the hospitality industry in South Florida on the rebound, many banks are interested in hotel loans, even for construction, reports the South Florida Business Journal. The story writes that Ocean Bank committed to four hotel construction loans in the past six months, and it has more in the...More>>
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 | Newswire
Repositioning hotels: Interested buyers—and lenders? 28 Jun, 2012
With the improvement in the economic cycle there are many healthy, cash-flowing assets to pursue for debt and equity investments. However, entity-level distress due to overleveraging, undercapitalized ownership and lack of funds and broken partnerships remains in place. As a result, many properties...More>>
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 | Newswire
Langham acquires The Observatory Hotel, Sydney 28 Jun, 2012
The property is scheduled to become part of the Langham group on August 8. Located near Sydney's historical Rocks district and the Central Business District boasts, it features Georgian architecture reminiscent of a grand 19th century Australian home.More>>
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 | Newswire
Aimbridge to manage six Platinum Equity hotels 25 Jun, 2012
Under the agreement, Dallas-based Aimbridge Hospitality will manage The Holiday Inn San Antonio International Airport, Sheraton Suites Cypress Creek in Fort Lauderdale, Embassy Suites Downtown St. Paul, DoubleTree Suites Tampa Airport-Westshore, DoubleTree Suites in Raleigh-Durham, and the Embassy...More>>
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 | Newswire
Gansevoort Park Hotel refinanced 13 Jun, 2012
Globe St. reports Redwood Trust and Citigroup provided $160 million in financing for the Gansevoort Park Hotel in New York City. Deerwood Real Estate Capital arranged the deal. Citigroup refinanced the hotel's mortgage while Redwood Trust refinanced mezzanine debt.More>>
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