Keyword: Stonehill Strategic Capital
The direct hospitality lender sold its stake in the 182-suite Panama City Beach hotel to Wesley and Donna Spruill.
Birchington LLC has brought on Urgo Hotels & Resorts to operate the 247-room hotel, opening in the fourth quarter of 2020.
JLL’s Q4 2016 U.S. Lodging Investment Outlook forecasts $29 billion in U.S. transaction activity in 2017—a repeat of the market’s 2016 performance.
Slower growth and the looming end of the current lodging cycle are leading to increasing selectivity from lenders.