Hotels

Although downtown is somewhat of a late bloomer, Chatham sees the potential and acquired the 167-room Courtyard by Marriott for $49 million or approximately $293,000 per room earlier this month.

"Adding Harrah's Philadelphia to our growing portfolio of best in-class gaming real estate strengthens our presence in the attractive Mid-Atlantic gaming market," says Edward Pitoniak, chief executive officer of VICI Properties.

MGM announced the planned closing of its purchase in connection with its appointment of Uri Clinton as president and chief operating officer of Empire City Casino upon the Las Vegas-based gaming company's closing on the property and completion of licensing requirements that are expected in January.

The trio of hotel executives will target markets that show signs of long-term economic growth.

When completed in the fall of 2019, Magdalena Hotel and Condominiums will be the largest hotel to date for noted Texas hotelier, Liz Lambert and her Austin-based Bunkhouse hospitality group.

Xenia's predecessor Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. acquired the 14-story Residence Inn by Marriott Denver City Center and adjoining 448-space parking garage for $80 million.in April 2013.