A hotel crash? Nope. A slowdown? Maybe
The hotel sector across the country isn't due for a big fall, not by any stretch. But new research from CBRE does suggest that it…
hospitality
Skender Manufacturing hires Michael Merle as VP, business development
Skender, a vertically integrated design, construction and manufacturing firm based in Chicago, has hired Michael Merle as vice president of business development for Skender Manufacturing.…
JLL arranges $61M financing for new Hyatt House hotel in Chicago
JLL arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago's Fulton Market District. JLL worked on behalf…
Marriott opens new hotel in downtown Des Moines
A 91-room Fairfield by Marriott opened Sept. 6 in Des Moines, Iowa. Located at 207 Crocker St., the Fairfield by Marriott Inn & Suites Des…
Mag Mile Capital closes $5 million refinance loan for Indianapolis hotel
Chicago-based Mag Mile Capital principal and chief executive officer Rushi Shah and vice president Prabhat Jayara have completed a $5.35 million non-recourse CMBS loan on…
Marcus & Millichap sells 58-room hotel in Wisconsin
Marcus & Millichap closed the sale of Country Inn & Suites West Bend, a 58-room hospitality property in West Bend, Wisconsin. The hotel sold for…
CBRE brokers sale of downstate hotel property
CBRE facilitated the sale of a 55-room Quality Inn hotel at 134 Barnett Avenue in Forsyth, Illinois. Located near Decatur, the property is across the…
Banyan Investment Group acquires 89-room East Peoria hotel
Florida-based hotel investment and management company, Banyan Investment Group, acquired the 89-room Fairfield Inn & Suites by Marriott Peoria East. The company also will operate…
Pizzuti celebrates topping out ceremony for Nashville hotel
The Pizzuti Companies and its general contractor Brasfield & Gorrie held a topping out ceremony Aug. 22 at The Joseph Nashville, a Luxury Collection Hotel…
Leslie Danford named new regional head, Midwest of hotel startup
OYO Hotels & Homes, a fast-growing hotel startup, has appointed Leslie Danford as its Midwest regional head. Based in Chicago, Danford brings more than 12…