Financing
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Sacramento city officials appeal for waterfront Marriott hotel   18 Mar, 2013

The Sacramento Bee reports that city officials have proposed that the city float $30 million in bonds to help build a Marriott hotel and conference center overlooking the Sacramento River. The rest of the money for the $131-million, 343-room project would be provided by a Dallas development...More>>

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Four Seasons to debut in Spain with Madrid hotel   13 Mar, 2013

Last week Four Seasons announced it will make its Spanish debut in the capital city within the next four years. The new Four Seasons will be housed in the series of heritage buildings comprising the Canalejas complex, adjacent to the Puerta del Sol and close to Madrid’s major landmarks and city...More>>

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Hotel development in Detroit shows signs of life   4 Mar, 2013

According to Crain's Detroit Business, a number of new hotel projects in the region have obtained financing and are moving ahead, while a number of hotels have begun construction and look to open before year's end. These include the Hyatt Place Detroit Novi at the Suburban Collection Showplace and...More>>

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Foreign investors are ready to enter Myanmar   4 Mar, 2013

The Myanmar Hospitality and Tourism Conference 2013 was held from February 27-28 by Singapore-based Sphere Group. Approximately 300 business execs from 13 countries attended the conference.More>>

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Deal brings five hotels in Latin America into HPT portfolio   28 Feb, 2013

The letter of intent with NH Hoteles, which totals investments of $375 million, also includes a property in New York City.More>>

2013 The Mulberry Inn Newswire
Kimpton Group Holding closes hotel fund worth $203 million   28 Feb, 2013

Kimpton Group Holding's fourth institutional real estate fund, KHP Fund III, has $203 million in committed equity capital with the goal of acquiring more than $500 million worth of hotels over the next three years. The company's first institutional fund, the $122 million Kimpton Development...More>>

2013 Four Seasons Paris Newswire
European HVS report shows static hotel values since 2011   28 Feb, 2013

HVS London published the 2013 European Hotel Valuation Index (HVI), showing that investors in Europe's hotel market are still showing caution towards purchases, with hotel value remaining unchanged since 2011 levels. The HVI reported that hotels in Paris still top the valuation chart with an...More>>

2013 Hilton Garden Inn Birmingham/Lakeshore Drive Newswire
Marcus & Millichap reported 78 closed hotel transactions in 2012   27 Feb, 2013

The transactions in 2012 totaled $289 million, with marquee transactions including the sale of a pair of Hilton Garden Inns in Birmingham, Ala., that traded for a total of $22.1 million. The Hilton Garden Inn, Liberty Park sold for $11.9 million and the Hilton Garden Inn, Lakeshore brought $10.2...More>>

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Are reins easing on new construction loans?   13 Feb, 2013

Finally, good news on the construction front. An article appearing in The New York Times makes the case that the construction loan market is coming back to life. "There is plenty of debt capital available and as we bid on transactions there is a lot more competition than there was 12 months ago,...More>>

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EB-5 financing heats up as Miami hotel enters the fray   11 Feb, 2013

This morning The Miami Herald reports that South Beach's 42-room Hotel Astor has money from foreign investors on the hook to pay for a $10-million renovation at the hotel and plenty of new hires, as part of the EB-5 visa program that offers wealthy foreign investors visas in exchange for investment...More>>




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