Hotels

The 2018 visitor total marked the eighth consecutive record year for tourism visitation in Florida, according to VISIT FLORIDA. Last year's visitation level surpassed the previous record of 118.8 million posted in 2017 by 6.2%.

Hotel occupancy in the Tempe market was up 250,000 rooms in 2018, while hotel room sales were up 12%.

The firm states that its MVP Fund will focus on middle market real estate-based investments including joint ventures, active or passive investments, urban infill development projects, income producing properties and substantial value-added renovations including historic properties.

The new terminal will combine landside and airside operations into a single facility.

Warren Thompson, a restauranteur and food and facilities management entrepreneur, brings oversight and finance experience to the nationwide industrial REIT.

Williams has more than 15 years of expertise in project management, commercial real estate development, construction management, and contract negotiation.

Upon the acquisition of the 300,000-square-foot Piedmont Center 14, The Ardent Companies' ownership within Piedmont Center totals 10 buildings and approximately 1.7 million square feet on 32.8 acres in the Buckhead section of Atlanta.

The deal follows up Host Hotels' sale of the Westin New York Grand Central hotel in New York City for $302 million in January.