Hotels

News

3 LaSalle Hotels Are Under Contract For $715M

Erika Morphy | September 17, 2018

More sales are to come: Pebblebrook plans to sell between $500 million to $1 billion of hotels after the merger is complete.

News

Ares Sells Stake in Colorado Resort in Development

John Jordan | September 14, 2018

The 1,500-room hotel and convention center located less than 10 minutes from the Denver International Airport and 25 minutes from downtown Denver is expected to begin operations in the fourth quarter of this year.

Virtua Partners Invests $500M in Hotel Equities

Erika Morphy | September 13, 2018

The capital will be used for acquisitions, organic growth and strategic investments into various hospitality assets.

News

New South Florida Hotel Gets PG Rating

David Wilkening | September 12, 2018

Voters approve ESJ Capital Partners’ plan to build a family-friendly hotel at theme park Jungle Island.

News

MCR Flips Iconic Downtown St. Louis Hotel

John Jordan | September 10, 2018

MCR purchased the hotel in December 2016 from Xenia Hotels & Resorts.

News

Real Hospitality, Aspect Partnership Purchase Four-Hotel Portfolio

John Jordan | September 10, 2018

The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of the portfolio, Real Hospitality Group increases its portfolio of owned and managed assets to 105 hotels in 16 states.

Analysis

The Rise of the ‘You-Name-It” Hotel Buyer

David Wilkening | September 10, 2018

High-net-worth individuals are becoming more active in Florida’s hotel market.

News

DFW Construction Retreats Due to Large Completions

Lisa Brown | September 09, 2018

Commercial construction may have reported a decrease in the DFW area, but there is only continued growth in the multifamily sector, specifically in the larger sized projects.

Thought Leadership

Hospitality Meets Office: Building Community Builds Retention

John Salustri | September 07, 2018

It’s all about customer experience in the office environment today. What’s more, you needn’t break the bank to provide it and keep your occupants happy. 

Breaking News

Pebblebrook, LaSalle Enter Into $5.2B Merger Agreement

Erika Morphy | September 06, 2018

The transaction represents a 48% premium to LaSalle’s unaffected share price, according to LaSalle CEO Michael D. Barnello.

News

Cocoa Beach’s Quality Inn Sale Illustrates Appeal of Smaller Beachfront Hotels

David Wilkening | September 06, 2018

The statewide growth of both the visitor and business market continues to attract investor interest in these types of properties.

News

LaSalle Decides Pebblebrook’s Offer Is Superior

Erika Morphy | September 06, 2018

Reports indicate that it is unlikely that Blackstone will increase its original $4.8 billion offer.

Downtown Lifts Up L.A. Hotel Market to Top Tier

Kelsi Maree Borland | September 05, 2018

Los Angeles is one of the top hotel markets in the country, largely thanks to the resurgence of Downtown Los Angeles.

News

RLJ Lodging Sells Vinoy Renaissance St. Petersburg for Nearly $189M

John Jordan | September 05, 2018

The sale consists of a contractual sales price of $185 million and the release of $3.5 million in member deposits. The total consideration represents approximately $521,000 per key, RLJ Lodging reports.

News

CBRE Group Acquires Longstanding New England JV

John Jordan | September 04, 2018

CBRE/New England, combined with the Purpura-led team, manages more than 100 million square feet of commercial property and corporate facilities and has more than 1,200 employees.

News

Strong Hotel Demand Exceeds Supply

Betsy Kim | September 04, 2018

A strong economy means a high occupancy rate for hotels through 2019 in the US and in New York, according to CBRE.

Netherlands Company Has Big Appetite for Miami Hotels

David Wilkening | August 31, 2018

MIAMI, FL--Netherlands-based citizenM announced its third area hotel in Miami, this time at the Worldcenter. It’s a 348-room, 12-story hotel…

Denihan Hospitality Launches Workforce Program for The James D.C. Hotel

John Jordan | August 30, 2018

The 204-room James hotel is a component of the Armature Works project that is being developed on a 2.43-acre site adjacent to the NoMa-Galludet U. Metro stop between Union Market and H Street.

News

Great Wolf Resort Eyes Orange County, NY for Water Park, Hotel Project

John Jordan | August 30, 2018

Orange County Executive Steven Neuhaus reported on Wednesday evening that Great Wolf Resorts, Inc. of Madison, WI is considering building a major indoor water park resort in southern Orange County.

News

Developer iStar Unveils Designs for Luxury Asbury Park Complex

Steve Lubetkin | August 30, 2018

iStar says it has already invested $300 million and has acquired 35 acres of land in Asbury Park in what has become its chief executive officer Jay Sugarman's 10-year, multibillion-dollar redevelopment plan for the Asbury Park boardwalk area.

News

Historic Statler Regains Original Grandeur

Lisa Brown | August 29, 2018

The Statler is now a 159-room Hilton Curio Collection Hotel featuring a 14,000-square-foot ballroom with 10,000 square feet of meeting space, six restaurant venues and two roof pool decks.

News

Volvo’s New Plant Prompts Chatham to Add to South Carolina Portfolio

John Jordan | August 29, 2018

The deal for the 96-room hotel calculated out to approximately $217,000 per room and increases Chatham’s presence in this suburb of Charleston.

Analysis

Theme Park Hotels a Booming Business in Orlando

David Wilkening | August 29, 2018

The multiple revenue streams for theme park resorts add to their occupancy and their value.

News

Tourist Hotels Attract New Investors

Brian J. Rogal | August 29, 2018

The hotel sector is now in the midst of its longest period of growth ever recorded, and that also means its awash in capital.

News

Claremont Adds Residence Inn in Fort Point to Boston Hotel Portfolio

John Jordan | August 28, 2018

Originally built as The Stillings Building in 1901 by the Boston Wharf Co., the brick, post and beam property was redeveloped into the Residence Inn Boston Downtown Seaport.

News

JV Purchases Mixed-Use Residential Building

Lisa Brown | August 28, 2018

With the acquisition of Modera, RISE now owns a total of 12 assets in the Puget Sound area, and plans to make technology upgrades and transition Modera property management to Thrive Communities.

News

Safety, Income & Growth Inks $105M in New Ground Leases

John Jordan | August 28, 2018

The latest transactions involve the company’s entrance into the Phoenix market and enhancing its presence in San Diego and the nation’s capital.

News

LaSalle Determines Pebblebrook’s Latest Bid Could Lead to a 'Superior Proposal'

Erika Morphy | August 27, 2018

LaSalle’s special meeting of shareholders to vote on the Blackstone merger agreement remains scheduled for Sept. 6, 2018.

Tampa Waterfront Hotel Secures $53M Floating-Rate Loan

David Wilkening | August 24, 2018

The developer retired the construction loan at iconic Tampa Bay hotel with creative interim financing at an attractive rate.

News

With Scarce Land, Approvals are Harder to Obtain

Lisa Brown | August 24, 2018

One mixed-use project, Ameswell Mountain View, located on one of the last fully entitled development sites in Mountain View, has bucked that notion and recently broke ground.

News

Mid-Market Construction Projects Show Significant Growth in NYC

John Jordan | August 23, 2018

While mid-market projects are increasing, that does not minimize the tremendous impact and market share large-scale projects maintain in New York City.

News

Graduate Hotels Grab Land Near Universities

Lisa Brown | August 23, 2018

Graduate is a curated collection of hotels that reside in some of the most well-known university towns across the country, such as the latest at the University of Oregon, backed by AJ Capital Partners.

News

Pebblebrook Increases Bid For LaSalle

John Jordan | August 22, 2018

LaSalle shareholders are scheduled to vote on the Blackstone merger proposal on Sept. 6.

News

Alagem Capital, Cain International Partner on Beverly Hills Hotels

John Jordan | August 21, 2018

The investment partnership, the first between the two firms, encompass the Waldorf Astoria Beverly Hills and the Beverly Hilton hotel properties.

News

Two Glendale Hotels Trade for $22M

John Jordan | August 21, 2018

The two hotel properties, constructed in 2007 and 2008, sit on 4.5 acres and feature a total of 212 units.

News

Stevens Pass Resort Changes Hands in $64M Deal

John Jordan | August 20, 2018

The resort property, located less than 85 miles from Seattle, sits on the crest of the Cascade Range within two national forests—the Mt. Baker-Snoqualmie National Forest on the west side and the Wenatchee National Forest on the east.

News

CBRE Group Reorganizing Operations, Announces Key Promotions

John Jordan | August 17, 2018

The new organizational structure will replace the existing operations that manage CBRE’s services business within its existing geographic businesses—Americas, EMEA and APAC. That structure will remain in effect for the remainder of 2018.

Commentary

Three Solutions for When Your EB-5 Raise Has Come Up Short

Zack Streit | August 17, 2018

What was once a fertile and cheap source of financing for multifamily and hotel developers is largely absent. Learn the two primary reasons for the slowdown and some solutions in this EXCLUSIVE commentary on the subject.

St. Regis Washington DC Gets $81M Refi

Erika Morphy | August 17, 2018

Al Rayyan Tourism Investment Co. refinanced three high-end hotels for a total of $503 million.

News

Seattle Props Up Open for Business Sign

Lisa Brown | August 17, 2018

The Summit, located just one block north of the existing Arch building in the heart of downtown, will double the footprint of the convention center when it opens for business in 2022.

News

Hotel Demand Remains Strong for North Harris Co.

Lisa Brown | August 15, 2018

With the HP campus and ABS headquarters nearing completion in October, Springwoods Village is becoming a major employment center in north Harris County, stimulating new hotel submarket activity.

Hotel Investor Looks to Expand West Portfolio

Lisa Brown | August 13, 2018

The Dow Hotel Company plans to further expand its portfolio of hotels in markets with barriers to new entry and demand drivers such as in Seattle at a time when dozens of new hotels have opened in the past few years.

New Record For $109M Hotel Sale In Key West

David Wilkening | August 08, 2018

Brokers represent both sides in historic lodging deal.

Commentary

Q2 US Lodging Market Update

Daniel Lesser | August 06, 2018

Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels.

Hotel Perspectives: Lodging’s Sky-High Cycle

Natalie Dolce | August 05, 2018

The sector is riding high on strong fundamentals and rich deal flow. But the competitive market is also driving owners to find ways to distinguish their properties.

News

Private Investors Fuel Bidding for Hotels

Lisa Brown | August 03, 2018

With many markets and submarkets now entering a seventh, eighth or ninth year of RevPAR gains, the overriding question is how much farther can a particular market continue to advance without flattening?

News

Chatham Sees Improved Market Conditions Across Portfolio

John Jordan | August 03, 2018

Among the best performing markets in the hotelier’s portfolio was the State of Florida where its hotel properties’ RevPAR increased 10.2%.

News

Verizon Signs Major Lease Deal at Hub at Causeway Project

John Jordan | August 01, 2018

Under the agreement with an affiliate of Verizon, the telecommunications firm will lease approximately 70% of the planned 627,000-square-foot Class A office tower at 100 Causeway St. for a 20-year term.

News

Is Beefed-Up Security Counter or Compulsory?

Lisa Brown | August 01, 2018

The shooting at YouTube occurred as Silicon Valley is pushing to make offices more accessible but is more security counter-intuitive to a collaborative environment or a necessary measure to protect employees?

News

Houston Attracts More Convention Business

Lisa Brown | July 31, 2018

In this EXCLUSIVE, Robert Wiemer Jr., senior managing director of The Plasencia Group, shares insights into hotel developments, visitor volume, hottest areas and a lesser focus on the oil industry.