REIT To Spend $230M on Four Hotels
MCLEAN, VA-Highland Hospitality makes a big commitment, signing on to purchase four hotels from Wyndham International Inc. The REIT will spend $227 million for the properties--a Hilton in New Jersey, a Crowne Plaza in Atlanta, and Wyndham on Long Island, and an historic hotel property in Boston.
NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.
BOISE, ID—The new hire brings more than 35 years’ experience in commercial real estate finance to the middle-market loan provider.
NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS’ Kent Elliott tells GlobeSt.com.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.