Hospitality

Stout Street Hospitality Receives Refinancing for Magnolia Hotel Denver

by Amy Works May 29, 2026

DENVER — Stout Street Hospitality has closed on refinancing for Magnolia Hotel Denver, a Tribute Portfolio Hotel by Marriott, in downtown Denver’s central business district. Mike Huth, Wyatt Krapf and Henry Winchester of JLL Hotels & Hospitality secured the loan through PPM America for the borrower. Originally constructed in 1910 as a First National Bank facility, the property was converted to a boutique hotel in 1995. Magnolia Hotel Denver features 297 guest rooms and suites with 12-foot ceilings and expansive windows, more than 13,450 square feet of flexible meeting and event space across 12 distinct venues, including the 3,800-square-foot 17th by Magnolia ballroom with a 25-foot-tall glass atrium ceiling and art deco-inspired decor. Additionally, the hotel includes Harry’s restaurant and bar serving seasonal American cuisine for three meals daily. Magnolia Hotel Denver serves as Stout Street Hospitality’s flagship property with the company’s corporate headquarters located in the building.

May 29, 2026

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of 204-Site RV Park in Midland, Texas

by Taylor Williams May 29, 2026

MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 204-site RV park in the West Texas city of Midland. RV Midland was built on a seven-acre site in 2018 and includes nine acres for future expansion. Skyler Henderson and Brad Dorsey of Marcus & Millichap represented the Louisiana-based seller and procured the California-based buyer, both of which requested anonymity, in the transaction.

May 29, 2026

Hospitality Loans Northeast Pennsylvania

Cronheim Arranges $17.6M Loan for Refinancing of Downtown Philadelphia Hotel

by Taylor Williams May 29, 2026

PHILADELPHIA — The hotel affiliate of New Jersey-based financial intermediary Cronheim Mortgage has arranged a $17.6 million loan for the refinancing of the Fairfield Inn & Suites Center City Philadelphia hotel in the city’s downtown area. The number of rooms was not disclosed. The loan carried a floating interest rate and a five-year term with no prepayment penalty. An unnamed regional bank provided the loan to the sponsor, which also requested anonymity.

May 29, 2026

Acquisitions Hospitality Nevada Texas Top Stories Western

Fertitta Entertainment Agrees to Acquire Caesars Entertainment in $17.6B Deal

by Abby Cox May 29, 2026

HOUSTON, LAS VEGAS AND RENO, NEV. — Fertitta Entertainment Inc., a private holding company controlled by the NBA’s Houston Rockets governor (i.e. owner) Tilman Fertitta, has entered into a definitive agreement to acquire casino and gaming giant Caesars Entertainment (NASDAQ: CZR) for $17.6 billion. Fertitta Entertainment plans to finance the acquisition through a combination of equity, assumed Caesars’ outstanding debt (approximately $11.9 billion) and new committed debt financing arranged by a consortium of 10 banks. Under terms of the agreement, Caesars shareholders will receive $31 in cash for each outstanding share, which represents a 49 percent premium to the company’s unaffected stock price on Feb. 25 (the last trading day before rumors of a potential transaction were reported) — $20.77 per share. Upon completion of the transaction, shares of Caesars Entertainment common stock will no longer be listed on the NASDAQ stock exchange. Caesars operates several major Las Vegas Strip properties, such as Caesars Palace, Harrah’s, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo and The Cromwell. Fertitta Entertainment owns Golden Nugget Hotels & Casinos and operates more than 450 full-service restaurants around the world, including Landry’s, Rainforest Café and Morton’s. According to the press releases issued by both companies, …

May 29, 2026

Florida Hospitality Loans Southeast

Cronheim Hotel Capital Arranges $50.4M Financing for Two Hotels on Amelia Island in Florida

by John Nelson May 28, 2026

AMELIA ISLAND, FLA. — Cronheim Hotel Capital has arranged two loans totaling $50.4 million for two hotels on Amelia Island, an island off the coast of northeast Florida. The deals include a $29.9 million loan for the refinancing and conversion of Ocean Coast Hotel to a Holiday Inn Resort and a $20.5 million loan for the refinancing of Amelia Hotel, an independent beachfront hotel. Cronheim Hotel Capital originated both loans with a regional bank and each include USDA and PACE components. The co-sponsors are Innisfree Hotels and RREAF Holdings.

May 28, 2026

Development Hospitality Massachusetts Northeast

Partnership Completes Renovation of 371-Room Hotel in Framingham, Massachusetts

by Taylor Williams May 28, 2026

FRAMINGHAM, MASS. — A partnership between two regional hospitality firms, Colwen Hotels and XSS Hotels, has completed the renovation of a 371-room hotel in Framingham, a western suburb of Boston. Originally opened in 1975 as the Sheraton Tara Hotel and known locally as the “Castle Hotel”, the property now houses three Marriott-branded, integrated hospitality operations under the following brands: Renaissance Framingham Hotel & Conference Center, Fairfield Inn & Suites Framingham and TownePlace Suites Framingham. The renovation featured refreshed public areas, technology-forward meeting spaces and three reinvented food-and-beverage concepts, as well as updated furnishings and bathrooms in all rooms and suites.

May 28, 2026

Acquisitions Development Hospitality Indiana Midwest

Keystone Group Buys 378-Room Sheraton Indianapolis City Centre, Plans to Transform into Renaissance Hotel

by Kristin Harlow May 27, 2026

INDIANAPOLIS — Keystone Group has purchased the 378-room Sheraton Indianapolis City Centre Hotel located at 31 W. Ohio St. in the heart of downtown Indianapolis. The company plans to transform the property into a Renaissance hotel, Keystone’s first hotel under Marriott International’s Renaissance Hotel’s lifestyle brand. Keystone plans to introduce a multi-phase series of enhancements to the property, including reimagining the rooftop bar and pool concept, major improvements to the 537-space public parking garage, luxury upgrades throughout all interior and exterior spaces, a signature ground-floor restaurant and new lobby coffee shop, a pedestrian skywalk connection with 120 Monument Circle, a comprehensive façade restoration, upgraded ballroom and event spaces and a reinvented arrival and lobby space. Construction is anticipated to span approximately two years. The hotel will remain fully operational throughout the transformation.

May 27, 2026

Acquisitions Georgia Hospitality Southeast Top Stories

Portman Acquires 73-Story Westin Peachtree Plaza Hotel in Downtown Atlanta from Marriott

by John Nelson May 22, 2026

ATLANTA — Portman has acquired the Westin Peachtree Plaza, a 73-story, cylindrically shaped hotel in downtown Atlanta. Marriott International Inc. (NASDAQ: MAR) sold the 1,073-room, full-service hotel but will continue to operate it under Portman’s ownership. “Marriott International has maintained a strong, long-standing relationship with Portman, and we are confident in their ability to realize the full potential of the iconic Westin Peachtree Plaza in the years ahead,” says Cameron Read, CFO for the United States and Canada at Marriott International. “We look forward to continuing to work closely with Portman through our ongoing management of the hotel.” Portman, a real estate development, investment and management firm based in Atlanta, purchased the hotel via its Portman Hospitality Fund I LP. The sales price was not disclosed. The acquisition was a full-circle moment for Portman as Westin Peachtree Plaza was delivered in 1976 by John C. Portman Jr., founder of the Portman company and a world-renowned architect best known for designing high-end, futuristic hospitality properties. His work includes designing the Atlanta and New York Marriott Marquis hotels; Renaissance Center, Detroit; Hyatt Regency San Francisco; Portman Ritz-Carlton Shanghai; and the Westin Bonaventure Hotel & Suites Los Angeles, among others. “Hospitality is in Portman’s …

May 22, 2026

Acquisitions Colorado Hospitality Western

Prime Investment Properties Brokers Sale of 27-Room Salida Inn & Monarch Suites Hotel in Colorado

by Amy Works May 15, 2026

SALIDA, COLO. — Prime Investment Properties, a member of Hotel Brokers International, has arranged the sale of Salida Inn & Monarch Suites, located at 7310 W. US Highway 50 in Salida. Denver-based IMPRINT Hospitality sold the asset to an undisclosed buyer for $2.7 million, equaling $100,000 per key. Originally constructed in 1960 and recently renovated, the two-story, 13,500-square-foot property features 27 rooms, some with fully equipped kitchens, along with cottages, a hot tub, an outdoor pool and multiple patios. Situated on 1.2 acres, the hotel offers access to the Arkansas River, Monarch Mountain Ski Areas and San Isabel National Forest.

May 15, 2026

Development Hospitality Loans Maryland Southeast

MCEC Closes $43M C-PACE Loan for Marriott Downtown Frederick Hotel in Maryland

by John Nelson May 14, 2026

FREDERICK, MD. — The Maryland Clean Energy Center (MCEC) has closed a $43 million loan for the development of the Marriott Downtown Frederick at Carroll Creek, a 204-room hotel underway in downtown Frederick. The Maryland Property Assessed Clean Energy (MDPACE) transaction represents the largest C-PACE loan in Maryland to date, according to MCEC, which is the administrator of the MDPACE program. Nuveen Green Capital provided the 30-year, fixed-rate financing on behalf of the locally based developer, Plamondon Hospitality Partners. The C-PACE financing will fund sustainable initiatives at the property including advanced insulation, roofing, windows, HVAC systems, LED lighting, low-flow water fixtures and hot water systems. The Marriott Downtown Frederick at Carroll Creek will be situated on 2.2 acres at 20 S. Carroll St. and feature more than 20,000 square feet of conference and event space, including a rooftop terrace and flexible indoor-outdoor venues. The hotel will also have two restaurants (one creekside and one rooftop bar and restaurant), a lobby bar and a coffee shop and market. The hotel’s target opening date was not released.

May 14, 2026

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