Investment
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New-build Country Inn & Suites opens in Oklahoma   25 Nov, 2014

The hotel has 77 guestrooms and suites as well as a fitness center, indoor swimming pool and a meeting room. Guestroom baths are made from contemporary materials, and have deep basins and plush towels. Trophy Hotels owns the property.More>>

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Chinese firm lands contract to build 'prefab hotel' at UK Bristol airport   25 Nov, 2014

A Chinese firm whose specialty is in constructing modular buildings has won a contract to build a 200-room hotel at UK's Bristol Airport. As the Bristol Post reports, it is part of a £120-million expansion plan for Lulsgate and will be built close to the terminal building. The ultimate aim is to...More>>

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Contract approved to build arena/hotel near Chicago's McCormick Place    25 Nov, 2014

Prairie District 3 Partners has been awarded a $564-million contract to design and build an event center and hotel complex in the South Loop in Chicago. The hotel’s construction cost of $400 million has remained the same since it was first proposed, the Sun Times reports. More>>

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Fayetteville, N.C., hotel on auction block with $200K starting bid   25 Nov, 2014

The Prince Charles Hotel in Fayetteville, N.C., is going up for auction with a December 15 end date. The opening bid for the hotel is reportedly $200,000. The landmark hotel was deemed unsafe by the city in the fall of 2010, and since then it's fallen into major disrepair, reports say. More>>

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Sale of The Standard, High Line hits a snag   25 Nov, 2014

A deal to sell The Standard, High Line, in downtown Manhattan for a reported $400 million to a group headed by Andre Balazs has hit a roadblock—a serious one The Wall Street Journal reports. But can a deal for the 338-room property get done? More>>

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Cobblestone opens third hotel in Pennsylvania   25 Nov, 2014

Cobblestone Hotels has opened the Cobblestone Hotel and Suites in Waynesboro, Pa. The hotel, located at 12695 Washington Township Blvd., has 36 guestrooms, including whirlpool suites, with amenities such as microwaves and refrigerators, coffee service, free high-speed Internet and flat-panel TVs in...More>>

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Mission Capital arranges $20M loan for three North Carolina hotels    25 Nov, 2014

Mission Capital Advisors' Debt & Equity Finance Group has secured a $20-million non-recourse first mortgage loan from a New York-based debt fund on behalf of the Summit Hospitality Group to refinance three North Carolina Marriott-branded hotels located in Raleigh, Charlotte and Cary, consisting of...More>>

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Mexico's Fibra Inn acquires two Microtels    25 Nov, 2014

Fibra Inn, a Mexican real estate investment trust specializing in the hotel industry, has acquired two Microtel Inn & Suites located in Culiacan and Ciudad Juarez and totaling 226 rooms. Fibra Inn has a portfolio of 30 hotelsMore>>

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HFF arranges $140M in financing for Omni San Diego   25 Nov, 2014

HFF has secured $140 million in financing for San Diego's Omni hotel, reports the Pittsburgh Business Times. HFF worked on behalf of the borrower, a joint venture between TRT Holdings and JMI Realty, to arrange a 15-year, fixed-rate loan through AIG Investments. More>>

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San Fran developer plans 50-story Seattle hotel   25 Nov, 2014

A San Francisco hotel developer is looking to build a 50-story hotel and residential tower in downtown Seattle, according to the Seattle Times. A real-estate partnership controlled by Stanford Hotels Group paid $16.75 million last year to acquire a 12,960-square-foot tract at 1903 Fifth Ave.More>>




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