Construction completed at new Hilton in downtown Rochester
Construction has wrapped on the Hilton, a new upscale hotel located at the corner of South Broadway and East Center Street in downtown Rochester, Minnesota.…
Hospitality
Midwest hotels facing a big year in 2019
Occupancy gains and steady revenue growth. That's what Marcus & Millichap is predicting for the hospitality sector throughout the upper Midwest states of North Dakota,…
Blackstone Hotel rejuvenation in Omaha relies on creative financing
Lever Energy Capital closed $4.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing to revive the century-old Blackstone Hotel in the Blackstone District of…
L. Mason Capitani sells historic hotel in Detroit
L. Mason Capitani CORFAC International closed the sale of The Royal Palm/Park Avenue Hotel at 2305 Park Ave. in Detroit to Downtown Hospitality Detroit LLC.
NAI Ohio Equities helps close sale of former Ohio motels
A former Knights Inn and Motel 6, at 1551 W. Broad Street in the Franklinton area of Columbus, Ohio, will soon become housing for at-risk…
Thomas Prins joins Hostmark Hospitality as minority partner
Thomas Prins, principal of TQP Capital Partners, a hotel real estate private equity firm focused on value-add and opportunistic investments, has joined Schaumburg, Illinois-based Hostmark…
Springhill Suites opens in Kentucky community
Springhill Suites by Marriott has opened in Elizabethtown, Kentucky. The 95-suite hotel at 1025 Executive Drive will operate as a Marriott franchise owned by Crestpoint…
DoubleTree by Hilton just off Chicago’s Mag Mile undergoes $35M renovation
The DoubleTree by Hilton Hotel Chicago – Magnificent Mile recently unveiled a $35 million dollar hotel transformation that includes renovated guest rooms, lobby, meeting space and…
Waterford Hotel Group, Waterton forge partnership to grow hospitality footprint
Waterford Hotel Group, a leading hospitality management company, and Waterton, a Chicago-based real estate investor and operator, today announced that they have joined forces to…
Short-term stay operators blur the line between apartment and hotel
Sometimes, market disruptors shake things up so much, they settle right back to where they started. That's why a recent trend is leading to the…