Hotels

The latest deals, personnel moves and trends in the Midwest.

The Hotel is located at the entryway of CityCenter and in the heart of the Las Vegas Strip featuring 392 guestrooms, including 57 suites, 12,000 square feet of meeting space, five food and beverage outlets, and a two-level 27,000 square-foot spa.

The 29-story Margaritaville Resort, brand inspired by the lyrics and lifestyle of singer, songwriter and best-selling author Jimmy Buffett, is to be developed by Sharif El-Gamal's Soho Properties in partnership with Chip and Andrew Weiss and MHP Real Estate Services.

The hotel is part of the multi-phased Water Street Tampa development project that will include more than 9 million square feet of commercial, residential, hospitality, educational, entertainment, cultural and retail space on 50 acres.

The master development plan, developed in partnership with Beyer Blinder Belle, would include entertainment, retail, office, hotels and luxury residential housing geared at bringing first-class amenities to the sports district.

The brokerage firm represented SLAB LLC in the sale of the 266-room hotel to Dallas-based Ashford Hospitality Prime, Inc., a REIT focused on luxury hotels and resorts.

The live-work-play hospitality brand that offers everything from co-workspace to lodging is focusing its US expansion in Los Angeles.

The $35-million acquisition financing and the new $140-million new credit facility for the Lightstone Value Plus REIT II was provided to the New York City-based real estate investment and development firm by Western Alliance Bank of Phoenix.