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Oversupply a drag on Phoenix hotel market   19 Jul, 2013

A dearth of new supply across the U.S. is an operator's dream: travelers have less choice and it allows rates to be pushed upward. But in Phoenix, it's a different story, reports The Republic. The city issued fewer building permits for hotels during the past four years combined than in 2008 alone,...More>>

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Private equity makes a comeback amid recovery   15 Jul, 2013

Hotel industry witnesses a comeback in private equity funds.More>>

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Conference center hotels get approval—and tax breaks   10 Jul, 2013

Convention and conference center hotels are getting a boost by local governments. And as the meetings and events business gradually comes back, developers are looking to build hotels to quench the demand.More>>

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New Shaner REIT will target small to mid-size owners   13 Jun, 2013

The new Shaner Hospitality Finance REIT will provide equity and/or debt for PIP funding, refinancing, purchasing existing loans and equity infusions for acquisitions. This is Shaner Hotel Group's third financing vehicle, and company execs say their goal is to place the initial $100-million...More>>

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Private equity investors stay flexible in today's acquisition environment   13 Jun, 2013

As the industry rebound gained momentum in 2011, the public real estate investment trusts took the lead in acquiring significant lodging assets, including a number of high-profile trophy properties. Given their access to the public markets, they were able to raise capital in the course of doing...More>>

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Investor appetite sparks demand for luxury Asian hotels   11 Jun, 2013

Growing investor interest in Asian hospitality assets appears to be prompting a number of Hong Kong-based property firms to put their hotel businesses onto the market. First off the block is Langham Hotels International, and another company shortly due to list its hospitality assets is New World...More>>

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Blackstone refinances 16-hotel portfolio via $581M loan   6 Jun, 2013

Commercial Property ExThe Blackstone Group has refinanced a 16-property, 4,798-room hotel portfolio and golf course/tennis club with a $581-million loan obtained from GE Capital Real Estate, Commercial Property Executive reports. The properties were acquired in 2006 when Blackstone bought MeriStar...More>>

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Jumeirah seeks $1.4 billion toward expansion   28 May, 2013

Jumeirah Group is looking to raise $1.4 billion in a six-year loan as the hotel operator seeks to take advantage of a drop in borrowing costs, Bloomberg reports. Jumeirah would pay 2.75 percentage points above LIBOR, according to sources. CEO Gerald Lawless said earlier this month the company will...More>>

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Vista Capital raises $32M of financing for five-hotel portfolio   22 May, 2013

Vista Capital Company said it recently arranged and closed $32 million of financing for a portfolio of five hotels representing 478 rooms in Arizona and Utah: the Hampton Inn & Suites, Residence Inn and Holiday Inn in Goodyear, Ariz., and the Holiday Inn Express in Washington, Utah. The deal was...More>>

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Larry Silverstein lures Four Seasons to Lower Manhattan   21 May, 2013

Big-shot developer Larry Silverstein looks like he has convinced Four Seasons Hotels and Resorts to set up shop in Lower Manhattan. This according to the Jewish Business News, which reports that Silverstein Properties is proceeding with its project to build a 926-foot skyscraper at 30 Park Place in...More>>

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