Hotels

European company Generator Hostel has acquired the Courtyard by Marriott in what appears to be its second location in the US.

This innovative construction technique enables developers to pre-fab a hotel in several months instead of several years, say panelists at CREW Network and Marketplace Convention, and will continue to gain popularity in the coming years.

Developers Scott Shnay and Charles Blaichman obtained construction financing for a mixed-use project at 214 W. 72nd St.

The property when completed in 2021 will mark the first M Social property built in North America and fourth globally to join the collection following Singapore, Auckland and Suzhou.

Hudson Group secured approvals from the Boston Planning & Development Agency Board of Directors last week for 150 Kneeland St., a 21-story, 230-room hotel.

The owner and founder of McSam Hotel Group received the loan from S3 Capital Partners, a subsidiary of New York real estate company, Spruce Capital Partners.

The former NJEDA leader will oversee NJPAC real estate development efforts.

Holliday Fenoglio Fowler, L.P. reports it arranged $110 million in financing for the 310,055-square-foot project that includes the 200-key Kimpton Hotel Born; a 54,976-square-foot, Class A five-story office building with ground-level retail space and a 197-space parking garage in Downtown Denver.