hospitality

JLL arranges $57 million loan for extended-stay hotel in Chicago

JLL Capital Markets arranged a $57.58 million refinancing for Home2Suites by Hilton Chicago River North, a newly constructed, 206-suite, extended-stay hotel in Chicago's downtown River…

MCR buys Green Bay hotel

MCR, the fifth-largest hotel owner-operator in the United States, has acquired the 127-room SpringHill Suites by Marriott Green Bay in Green Bay, Wisconsin.

New Fairfield Inn & Suites opens near Kansas City

The new Fairfield Inn & Suites Kansas City Belton by Marriott will opened Jan. 3 in Belton, Missouri. Located just north of Highway 58 between…

Doing good, while doing well: Cicero’s establishes heritage of charity over 50-year history

In early 2012, the hotel renovation industry began its recovery, led by a boom in travel and rising occupancy rates at hotels across the nation.…

Vista closes $22 million in financing for pair of Indiana hotels

Vista Capital Company recently arranged $22.5 million of financing for the Candlewood Suites in Terre Haute, Indiana, and the Holiday Inn Express in downtown Indianapolis.…

DMAC Architecture to design Graduate Evanston Hotel

Adventurous Journeys Capital Partners acquired The Homestead at 625 Hinman Avenue in Evanston, Illinois. The eight-story, 91-key hotel will run independently as The Homestead prior…

CBRE sells three-property Marriott portfolio in Indianapolis

CBRE has arranged the sale of a 497-room, three-property Marriott portfolio in Indianapolis. The three hotels were acquired by USOCG and consist of a 315-room…

Marcus & Millichap sells 45-room hotel in Wisconsin

Marcus & Millichap closed the sale of Days Inn Johnson Creek, a 45-room hospitality property in Johnson Creek, Wisconsin. The hotel sold for $2.4 million.

Deerfield hospitality property sells for nearly $5 million

Marcus & Millichap brokered the sale of Red Roof Inn Deerfield, a 115-room hospitality property located in Deerfield, Illinois, according to Steven D. Weinstock, regional…

Midas Hospitality acquires Aloft hotel in Milwaukee

Midas Hospitality has acquired its third hotel through the Midas Hotel Fund as the total capital raised reaches $25 million to date.

hospitality

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