Tuesday, December 16, 2025
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Hospitality

23021-Lake-Center-Dr-Lake-Forest-CA
CaliforniaHospitalityLoansWestern

S3 Hotel Group Receives $38.6M Refinancing for Dual-Branded Hotel in Lake Forest, California

by Amy Works

LAKE FOREST, CALIF. — S3 Hotel Group has received $38.6 million in refinancing for the 208-key, dual-branded Homewood Suites by Hilton and Hampton Inn Irvine Spectrum Lake Forest hotel. Olga Walsh of JLL Capital Markets Debt Advisory led the team to secure a five-year, fixed-rate loan through a private wealth management division of a global financial services firm for the borrower. Located at 23021 Lake Center Drive in Lake Forest, the property features 116 Homewood Suites rooms and 92 Hampton Inn rooms. The Homewood Suites offers extended-stay accommodations with full kitchens, dishwashers and cooking utensils, while Hampton Inn rooms provide traditional hotel amenities with modern furnishings. Onsite amenities include 2,000 square feet of meeting space, a 24-hour fitness center, an outdoor pool with barbecue facilities, guest laundry, complimentary hot breakfast buffet, evening bar service and a 24-hour convenience shop. The Homewood Suites portion features additional amenities including complimentary evening social events Monday through Thursday.

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DevelopmentHospitalityTexas

LV Collective to Open 59-Room Hotel Within Paseo in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — Locally based multifamily and student housing developer LV Collective, formerly known as Lincoln Ventures, will open a 59-room hotel within its Paseo mixed-use tower in downtown Austin’s Rainey Street district. The hotel will be known as ROOST Rainey and will occupy the building’s 14th through 17th floors. ROOST Rainey, which is scheduled to open before the end of the year, will offer apartment-style rooms in studio, one-, two-, three- and four-bedroom formats. Guests will have access to Paseo’s amenities.

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AcquisitionsArkansasHospitalitySoutheast

Marcus & Millichap Brokers Sale of 88-Room Homewood Suites Hotel in Fort Smith, Arkansas

by John Nelson

FORT SMITH, ARK. — Marcus & Millichap has brokered the sale of an 88-room Homewood Suites hotel located at 7300 Phoenix Ave. in Fort Smith. The sales price was not disclosed for the transaction, which is part of a two-property portfolio deal that included a Home2 Suites in Fort Smith. Chris Gomes and Steve Greer of Marcus & Millichap, along with Allan Miller of the firm’s Miller-Gomes Hotel Team, represented the seller, an entity doing business as Heritage Hotel Group LLC, and procured the buyer, a Texas-based entity doing business as FortSmith RA HS Hotel LLC.

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AcquisitionsHospitalityMidwestWisconsin

Marcus & Millichap Brokers Sale of 102-Room Hampton Inn Milwaukee-Airport Hotel

by Kristin Harlow

MILWAUKEE — Marcus & Millichap has brokered the sale of the 102-room Hampton Inn Milwaukee-Airport hotel. The three-story property is situated on 3.9 acres at 1200 W. College Ave., less than three miles from the Milwaukee Mitchell International Airport. Amenities include an indoor pool, fitness center, business center, breakfast area and shuttle service. Ebrahim Valliani of Marcus & Millichap represented the seller and procured the buyer, both of which were private investment groups. The transaction received additional support from Michael Klar, Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.

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HospitalityLoansNew YorkNortheast

Cronheim Mortgage Arranges $18M Permanent Loan for Hotel in Middletown, New York

by Taylor Williams

MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged an $18 million permanent loan for the Residence Inn Middletown Goshen hotel in Middletown, about 75 miles north of New York City. The number of rooms was not disclosed. The hotel opened in 2020. The loan carries a five-year term and a fixed interest rate. The borrower and direct lender were also not disclosed.

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Hilton Garden Inn Bel Air
HospitalityLoansMarylandSoutheast

PMZ Realty Capital Arranges $12M Loan for Hilton Hotel Property in Metro Baltimore

by Abby Cox

BEL AIR, MD. — PMZ Realty Capital has arranged a $12 million bridge loan for Hilton Garden Inn Bel Air, an 83-room hotel located in Bel Air, roughly 30 miles northeast of Baltimore. A private lender provided the financing for the new bridge loan, which will replace the previous loan. The Hilton Garden Inn Bel Air features a heated indoor swimming pool, fitness center, complimentary Wi-Fi, free parking, electric vehicle charging stations, the Garden Grill & Bar hotel restaurant and 2,200 square feet of flexible meeting and event space.

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DevelopmentHospitalityLoansMidwestMissouri

X Caliber Structures $285M in Construction Financing for Missouri Resort Development

by Kristin Harlow

OSAGE BEACH, MO. — X Caliber Capital Holdings LLC has structured a $285 million Rural PACE-X financing for the ground-up construction and redevelopment of the Oasis at Lakeport in Osage Beach. The resort and entertainment project has a total cost of $495 million. Plans call for a Marriott hotel with 402 rooms, a conference center, indoor waterpark, amusement park and various amenities. The $285 million financing consists of $220 million of conventional senior-secured debt through an affiliate of X-Caliber Rural Capital, XRL-ALC LLC, and $65 million of Commercial Property Assessed Clean Energy (C-PACE) financing through CastleGreen Finance. The financing marks X-Caliber’s largest Rural PACE-X transaction closed to date since the product launched in late 2024. Rural PACE-X is a proprietary financing solution that provides high-leverage financing for ground-up construction projects in micro-rural areas. The C-PACE financing is the largest to date for the state of Missouri and for CastleGreen Finance, according to X-Caliber. Gregg Delany, Ken Lorman and Gabe Mashaal of X-Caliber Advisors originated and structured the financing on behalf of Tegethoff Development Co. The project’s energy-efficiency design is estimated to save around $11 million in costs over the lifetime of the improvements. The Oasis at Lakeport is expected to …

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AcquisitionsGeorgiaHospitalitySoutheast

Hunter Hotel Advisors Negotiates Sale of 149-Room Hyatt House Hotel in Atlanta

by John Nelson

ATLANTA — Hunter Hotel Advisors has negotiated the sale of the Hyatt House Atlanta/Cobb Galleria, a 149-room, extended stay hotel located in Atlanta’s Cumberland/Galleria submarket. The property is situated in close proximity to Cobb Galleria Centre, Cumberland Mall, Cobb Energy Performing Arts Centre, The Battery Atlanta and Truist Park, home ballpark of the Atlanta Braves. Hospitality Asset Procurers (HAP) purchased the hotel and has selected its affiliate company, ROHM Group, to manage the hotel. The institutional seller and sales price were not disclosed. Mayank Patel of Hunter Hotel Advisors brokered the transaction.

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AcquisitionsHospitalityTexas

Hunter Hotel Advisors Arranges Sale of 107-Room Property in Downtown Amarillo

by Taylor Williams

AMARILLO, TEXAS — Atlanta-based hospitality brokerage firm Hunter Hotel Advisors has arranged the sale of the 107-room Courtyard Amarillo Downtown hotel in West Texas. The building was originally constructed in 1928 and was converted to a hotel in 2010. Amenities include a business center, fitness center and an onsite restaurant. Summit Hotel Properties sold the hotel to local owner-operator KAMP Hotels for an undisclosed price. Mason McDavid and Kami Burnette of Hunter Hotel Advisors brokered the deal.

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Sheraton-Phoenix-Downtown-AZ
AcquisitionsArizonaHospitalityWestern

JLL Negotiates Sale of 1,003-Room Sheraton Phoenix Downtown Hotel

by Amy Works

PHOENIX — JLL has arranged the sale of Sheraton Phoenix Downtown, a 1,003-room convention center hotel in Phoenix. Built in 2008 and enhanced through a $45 million renovation in 2020, the 33-story property features 112,000 square feet of flexible meeting and event space, including the 27,000-square-foot Phoenix Ballroom and the 14,000-square-foot Valley Of the Sun Ballroom. The conference center offers 26 total meeting rooms, with the largest space accommodating up to 2,510 guests and 20 breakout rooms for concurrent sessions. The 806,481-square-foot property features guest rooms on floors five through 33; three food-and-beverage concepts, including Carcara, &More by Sheraton and Breeze Bar & Grill; a 4,300-square-foot fitness center; an outdoor pool; Sheraton Club Lounge and comprehensive business services. Matt Riley led the JLL Hotels & Hospitality team that represented the undisclosed seller in the transaction.

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