North Austin hotel secures acquisition financing
JLL Capital Markets has arranged acquisition financing for La Quinta Inn & Suites by Wyndham, a 75-key hotel in Cedar Park, Texas. JLL worked on…
Hospitality
Green Street, Midas Enterprises developing $100 million mixed-use project in St. Louis market
Green Street Real Estate Ventures is teaming with Midas Enterprises on a joint-venture partnership to redevelop the intersection of Forsyth Boulevard and North Central Avenue…
Hotels move toward recovery, thanks to the rise of the “new” traveler
Stats are predicted to improve for the hospitality industry in 2022, but the road to recovery will be rocky, and a full recovery is still…
HDA Architects wraps work on $44 million hotel in St. Louis
HDA Architects has completed a $44 million AC Hotel in the Central West End neighborhood of St. Louis, Missouri. The seven-story building totals 94,300 square…
Friedman Real Estate sells 453-room hotel in Detroit
Friedman Real Estate recently sold the 32-story, 453-room hotel at 1114 Washington Blvd. within the Washington Boulevard Historic District in Detroit. Originally constructed in 1924,…
Construction begins on dual-branded hotels in Lansing
Construction on the hotels began two months ago, but on Dec. 9, elected officials and others joined Continental/ Ferguson, LLC and Concord Hospitality for the…
CBRE closes sale of 256-room hotel in Michigan
CBRE has arranged the sale of an 11-story, 256-room Radisson hotel in Lansing, Michigan. Block 100 Limited Partnership sold the property to Lansing Hotel Investors,…
Mortenson acquires site for new Embassy Suites in downtown Madison
Mortenson has completed financing and acquired the site for the Judge Doyle Square Hotel in Madison, Wisconsin, from the City of Madison. Mortenson is advancing…
Mission Capital Debt & Equity closes $64 million in financing for development of Godfrey Hotel Detroit
Mission Capital Debt & Equity, part of Marcus & Millichap Capital Corporation, has arranged $64 million in financing for the development of The Godfrey Hotel…
Crestline Hotels & Resorts to manage 150-room Hilton Garden Inn in downtown Memphis
Crestline Hotels & Resorts, LLC has been selected to manage the 150-guestroom Hilton Garden Inn Memphis Downtown in Memphis, Tennessee. The hotel is located across…