Hotels

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.

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

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

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.

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.

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. 

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

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