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Inland American finances Hotel Monaco deal via BofA loan   7 Feb, 2014

In November we learned that Inland American Real Estate Trust acquired the 191-room Hotel Monaco in Chicago. Now we've learned how they financed the $53-million purchase. More>>

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Johnson Capital arranges debt deal for Long Island City Wyndham   6 Feb, 2014

Johnson Capital, a national real estate investment company, has arranged $16 million in financing for the 128-room Wyndham Garden Hotel in Long Island City, Queens. The seven-story hotel opened in May 2012.More>>

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Four Points hotel proposed for Oak Creek development in Milwaukee   6 Feb, 2014

A 108-room Four Points by Sheraton is being proposed for Oak Creek's Drexel Town Square development in Milwaukee, Wis. Chicago-based Salita Development plans to begin construction on the four-story hotel this spring pending city approval. More>>

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GE Capital makes investment in Canada's Bayview Hospitality   4 Feb, 2014

GE Capital's Canadian Franchise Finance has provided senior debt to Toronto-based Bayview Hospitality Group to be used to refinance existing debt and allow operating partners to buy out the investor shareholders of four properties: three Homewood Suites and one Hampton Inn & Suites in the greater...More>>

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HREC arranges sale of Dallas' DoubleTree Market Center   28 Jan, 2014

Axle Capital Group and a partner acquired the property. The seller, Rolf Tweeten, principal with Alliance Hospitality Management in Raleigh, N.C., will continue to manage the property.More>>

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PMZ Realty Capital arranges $20M mortgage for Atlanta's Glenn Hotel   28 Jan, 2014

PMZ Realty Capital LLC arranged a $20,000,000 mortgage for The Glenn Hotel in Atlanta. As part of the Marriott Autograph Collection, The Glenn Hotel has 110 rooms.More>>

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Construction of Hotel Indigo in Wilmington, N.C., delayed over financing   24 Jan, 2014

Construction of the Hotel Indigo, a key component to the Northern Riverfront Hotel and Marina development in Wilmington, N.C., is being delayed pending additional financing. The hotel is about six months away from construction.More>>

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Pioneer Realty arranges construction loan for Candlewood in Texas   13 Jan, 2014

Pioneer Realty Capital, a Texas-based commercial mortgage intermediary and non-bank lender, has closed a $5.6-million new-construction loan for a Candlewood Suites in San Angelo, Texas. More>>

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Hotel AG finishes 2013 on strong note   6 Jan, 2014

Hotel brokerage firm Hotel AG finished 2013 having sold or advised on 125 hotel transactions, the company said. Of the 125 transactions, 21 were sold during the months of November and December.More>>

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Group business going away? Don't tell convention hotel developers!   3 Jan, 2014

Recent development activity in second-tier convention markets may be signaling that group business, though different, may be on the way back. Emerging convention markets now are focused less on traditional large-scale corporate group business and instead are attracting sports business and other...More>>

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