Hotels

Marriott plans to expand the home-sharing pilot it launched in Europe last year to the US, adding 2,000 home rentals in vacation destinations such as Lake Tahoe and Bar Harbor, ME.

The borrower, White Lodging, will use loan proceeds will be used to retire the existing construction loan, repatriate a portion of sponsor equity, and cover closing costs for Aloft and Element Austin Downtown.

One of Procida's earliest investors was Abdul Qayum, the grandfather of Omar Khan, left, who has just joined the Procida firm. The two are holding Qayum's original brochure, which Procida still keeps in his office.

Several factors contribute to the positive fundamentals and attraction to Plantation; most notably, the increased density being provided for by city planners.

“Given Florida's maturity as a worldwide economic powerhouse in recent years, we have a unique opportunity to lead and chart a path to help Florida become that 'It' State—the place where dynamic and exciting innovations lead the way,” says Chris Corr, Florida Council of 100 Chair.

It is estimated that there will be $100 billion of Opportunity Zone capital raised by the end of 2019—a figure that could even be higher given that…

The travel and co-working company that has 22,000 beds across 13 countries has an $850 million valuation.

The initial portfolio will comprise 38 hotels consisting of 27 Hyatt Place properties and 11 Hyatt House hotels located in the US, with a total of 4,950 rooms and an appraised value of about $720 million.