Marcus & Millichap sells 72-room hotel in Indianapolis
Marcus & Millichap closed the sale of Motel 6, a 72-room hotel property in Indianapolis. The asset sold for $2.5 million. Ebrahim Valliani, first vice…
Hospitality
Marcus & Millichap sells 81,893-square-foot hotel in Wisconsin
Marcus & Millichap closed the sale of Comfort Suites, an 81,893-square-foot hotel property in Oshkosh, Wisconsin. Ebrahim Valliani, first vice president; Michael Klar, associate; Chris…
Summit Hotel Properties announces acquisition of 27-hotel portfolio
Summit Hotel Properties, Inc. today announced that it has entered into a definitive contribution and purchase agreement to acquire a 27-hotel portfolio totaling 3,709 guestrooms,…
Cawley Chicago represents Naperville building owner in a two-part lease/sale transaction
Cawley Chicago’s Capital Markets Team, comprised of Principal Daniel Cawley, SIOR alongside Senior Associate, Brenten Blakeman represented building owner and operator of Players Indoor Sports, an indoor athletic and…
Inland Green Capital LLC closes $2.76 million C-PACE Refinancing for The Drake Hotel in Oak Brook, Illinois
Inland Green Capital LLC (“Inland Green Capital”), an environmental finance and investment company, announced the closing and funding of a commercial Property Assessed Clean Energy…
Midas Hospitality names director of business development
St. Louis-based hotel management firm Midas Hospitality recently appointed Carrie Van Nest as director of business development. In this position, Van Nest will facilitate and…
Newmark expands lodging capital markets with new hires in Los Angeles and Dallas
Newmark Group, Inc. today announced the expansion of its Lodging Capital Markets Group with two new hires and the relocation of two Newmark professionals. With these…
Pair of Kraus-Anderson projects in Minnesota earn top industry honors
Two 2020 Kraus-Anderson projects -- Regions Hospital Family Birth Center and Omni Viking Lakes Hotel – have received Awards of Excellence from the National Association…
WoodSpring Suites celebrates 300th hotel opening milestone
WoodSpring Suites, an extended stay brand franchised by Choice Hotels International, Inc. (NYSE: CHH), reached a significant milestone with the opening of its 300th hotel. The achievement was marked…
Oxford Capital Group, Hunter Pasteur start construction on Godfrey Hotel Detroit
Oxford Capital Group and Hunter Pasteur will break ground this week on The Godfrey Hotel Detroit in the city's historic Corktown neighborhood, bringing a 227-room,…