Hospitality

Arriba Capital closes $18.5 million construction loan for new hotel in Nashville

Arriba Capital recently closed an $18.5 million ground-up conventional construction loan for a Hyatt Place hotel in an affluent suburb of Nashville, Tennessee. In addition…

Historic Drake Hotel in Chicago goes up for sale

JLL announced today that it has been retained to market for sale the iconic Drake Hotel in Downtown Chicago, Illinois, which offers a once-in-a-generation opportunity…

Flynn Properties acquires 20 select-service hotels

Flynn Properties Inc. in a joint venture with Värde Partners has acquired 20 select-service hotels in a $211 million deal with Apple Hospitality REIT. The deal…

Pedestrian visitors to State Street surpass 1 million per week for the first time since the pandemic

Since July 2020, Chicago Loop Alliance (CLA) has released monthly reports on downtown activity using a variety of data sources to track operations during COVID-19, and today…

StepStone Hospitality now managing Embassy Suites hotel in Minneapolis market

Rhode Island-based StepStone Hospitality, a hotel management company, has been awarded the management of The Embassy Suites by Hilton Bloomington/Minneapolis.The 232-room all-suite property features modernized atrium and meeting…

Oxford Capital Group, LLC announces acquisition of Thompson Chicago hotel

Oxford Capital Group, LLC today announced the acquisition of the 247-room, luxury lifestyle hotel Thompson Chicago, located in the prestigious Gold Coast neighborhood. Oxford Capital Group's wholly owned affiliate, Oxford…

First Hospitality opens Hyatt House hotel in Columbus

First Hospitality, a national hotel management and development company, has opened the Hyatt House Columbus/OSU-Short North at 633 W. 5th Ave. in Columbus. The lifestyle,…

Construction begins on 17-story Fairfield Inn & Suites in Austin

General contractor Arch-Con® Corporation is underway constructing a 17-story Fairfield Inn & Suites located at 76 East Avenue near Downtown Austin and Interstate 35 in…

Progress on Michael Reese Hospital redevelopment and Obama Presidential Center

There has been significant progress made this week on two transformative developments for the southern lakefront in Chicago: the approval of the $4 billion redevelopment…

Reichle Klein Group closes $1.1 million sale of former 94-room hotel in Ohio

Reichle Klein Group recently arranged a $1.1 million receivership sale of a former 94-room motel in Bowling Green, Ohio. Reichle Klein Group's Ryan Miller and…

Hospitality

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