Hospitality

JLL Arranges Sale of 299-Acre Westin Hotel and Resort in Savannah

by John Nelson February 26, 2026

SAVANNAH, GA. — For the third time in 10 years, JLL has arranged the sale of the Westin Savannah Harbor Golf Resort & Spa, a 299-acre hospitality property located adjacent to the newly expanded Savannah Convention Center on Hutchinson Island. Andrew Dickey, Maciej Polek and Derek Hayden of JLL represented the undisclosed seller in the transaction. Hersha Hotels and Resorts, a KSL portfolio company, purchased the resort for an undisclosed price. In addition to 403 guestrooms, the Westin Savannah Harbor Golf Resort & Spa features more than 51,800 square feet of indoor and outdoor meeting venues, five food-and-beverage outlets, an 18-hole championship golf course designed by Robert Cupp and Sam Snead, the 17-room Heavenly Spa by Westin, a resort-style pool with river views, tennis and pickleball facilities and an 18-hole disc golf course.

February 26, 2026

Acquisitions Hospitality Kansas Loans Midwest

Ariel Property Advisors Secures $12.4M Acquisition Loan for Hampton Inn Hotel in Kansas

by Kristin Harlow February 26, 2026

DODGE CITY, KAN. — Ariel Property Advisors’ Capital Services Group has secured a $12.4 million acquisition loan for a 108-room Hampton Inn & Suites hotel in Dodge City within southwest Kansas. Matt Swerdlow and Matthew Dzbanek of Ariel arranged the fixed-rate loan through a regional balance sheet lender. The loan featured a 6.5 percent interest rate and a 25-year amortization schedule.

February 26, 2026

Acquisitions Hospitality Montana Western

Marcus & Millichap Brokers Sale of Historic Sacajawea Hotel in Three Forks, Montana

by Amy Works February 24, 2026

THREE FORKS, MONT. — Marcus & Millichap has arranged the sale of Sacajawea Hotel, a historic property located at 5 N. Main St. in Three Forks. Terms of the transaction were not released. Built in 1910 and fully refurbished in 2010, Sacajewea Hotel features 36 rooms, event space, two full-service bars, including Sacajawea Bar, and Pompey’s Grill steakhouse. Huberth Marak and Adam Christofferson of Marcus & Millichap represented the seller and procured the buyer in the deal. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap’s Miller-Gomes Hotel team also assisted with the transition.

February 24, 2026

Acquisitions Florida Hospitality Southeast

Berkadia Negotiates Sale of 125-Room Hotel in Metro Tampa

by John Nelson February 23, 2026

TAMPA, FLA. — Berkadia has negotiated the sale of Home2 Suites Tampa Brandon, a 125-room hotel located at 10323 Palm River Road in Brandon, an eastern suburb of Tampa. Kyle Sahlsten of Berkadia represented the seller, an affiliate of Sarasota, Fla.-based Floridays Development Co., in the transaction. A Massachusetts-based entity doing business as AAM 15 Management LLC purchased the hotel for an undisclosed price. Built in 2018, the hotel features an outdoor pool, fitness center, a business center and complimentary breakfast for guests.

February 23, 2026

Development Hospitality Texas

Matthews Hospitality Underway on Renovation of 76-Room Hotel Near Downtown Dallas

by Taylor Williams February 19, 2026

DALLAS — Matthews Hospitality, a division of locally based developer Matthews, is underway on the renovation of a 76-room boutique hotel near downtown Dallas. The CANVAS Hotel Dallas is located within the former Sears Building in The Cedars historic dstrict, just south of downtown. The renovation will involve updating the bedding, furniture and other design aspects of each guestroom and is expected to be complete this winter. The project team includes master architect B2 Design Co. and interior design firm Scout Design Studio.

February 19, 2026

Development Hospitality Multifamily Texas

Pearlstone Partners Delivers 152-Unit Hospitality, Residential Project in South Austin

by Taylor Williams February 18, 2026

AUSTIN, TEXAS — Locally based developer Pearlstone Partners has delivered The Code, a 152-unit hospitality and multifamily project in South Austin. The Code offers studio, one- and two-bedroom condos that can also be utilized for short-term rentals or extended hotel stays. Amenities include a pool, outdoor kitchen, rooftop terrace, pet park and 24-hour concierge services. The Code also houses a lobby lounge with a coffee and wet bar, as well as retail spaces that provide wellness uses and a restaurant that will open at the property later this year. Vacation home platform AvantStay operates the property.

February 18, 2026

Colorado Development Hospitality Western

Extended Stay America Opens 104-Room Select Suites Hotel in Sterling, Colorado

by Amy Works February 18, 2026

STERLING, COLO. — Extended Stay America has opened Extended Stay America Select Suites – Sterling, an extended-stay hotel located at 2500 E. Chestnut St. in Sterling. Developed by Colorado Hospitality Services, the two-story property features 104 suites with full kitchens, including a stovetop, microwave and full-size refrigerator. Onsite amenities include guest laundry, complimentary Wi-Fi, an indoor swimming pool, a recreation room with pool tables and foosball.

February 18, 2026

Acquisitions Hospitality Indiana Midwest

Matthews Brokers $8.8M Sale of Fairfield Inn Hotel in Evansville, Indiana

by Kristin Harlow February 17, 2026

EVANSVILLE, IND. — Matthews has brokered the $8.8 million sale of a Fairfield Inn hotel located at 5400 Weston Road in Evansville. Mitchell Glasson and Luke Whittaker of Matthews represented the seller, while the brokerage firm’s Kyle Matthews served as the broker of record. The sale ranked as the largest transaction for a hospitality property in Evansville for price and square footage within the past year, according to Matthews. Constructed in 1995, the 110-room property underwent a full renovation in 2022, supported by approximately $3 million in owner-funded capital improvements. The buyer was a seasoned hotelier with a portfolio of approximately 10 properties in the area.

February 17, 2026

Acquisitions Hospitality Louisiana Southeast

Marcus & Millichap Negotiates $40.5M Sale of Hilton-Branded Hotel in Downtown Baton Rouge

by Abby Cox February 16, 2026

BATON ROUGE, LA. — Marcus & Millichap has negotiated the $40.5 million sale of the Hilton Baton Rouge Capital Center, a 291-room hotel located in downtown Baton Rouge along the banks of the Mississippi River. Chase Dewese, Jack Davis and Joce Messinger of Marcus & Millichap represented the buyer, Orlando-based Northshore Development, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana. The seller was not disclosed. Amenities at the hotel include an onsite restaurant, swimming pool, fitness center, business center, meeting rooms and an airport shuttle.

February 16, 2026

Hospitality Loans Texas

JLL Arranges Acquisition Financing for 162-Room Hotel Near Downtown Fort Worth

by Taylor Williams February 16, 2026

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for a 162-room extended-stay hotel near downtown Fort Worth. The Home2 Suites Fort Worth Cultural District hotel was built in 2020 and offers amenities such as a 630-square-foot meeting space, an outdoor pool and a fitness center. John Bauman, Scott Dickey, Jordan Buck and Charlie Mossy of JLL arranged the loan through Inwood National Bank on behalf of the borrower, a joint venture between Ad Astra Capital and TMGOC Ventures.

February 16, 2026

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