Tuesday, August 12, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Hospitality

Stadium Hotel
AcquisitionsFloridaHospitalitySoutheast

Marcus & Millichap Brokers $24M Sale of Stadium Hotel in Miami Gardens, Florida

by Abby Cox

MIAMI GARDENS, FLA. — Marcus & Millichap has brokered the $24 million sale of the 217-room Stadium Hotel in Miami Gardens. Situated across from the Hard Rock Stadium, home arena of the Miami Dolphins and Miami Hurricanes, the nine-story property was originally built in 1973 and renovated in 2017. Amenities at the hotel include an Olympic-size swimming pool, miniature golf course, basketball court and meeting and event spaces. The Legends Sports Grill restaurant is also located onsite at the hotel. Ryan Shaw of Marcus & Millichap represented the buyer in the transaction. The Kabani Hotel Group represented the private seller. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansTexas

Sonnenblick-Eichner Arranges $22.6M in Leasehold Financing for Downtown San Antonio Hotel

by Taylor Williams

SAN ANTONIO — Sonnenblick-Eichner Co., a California-based financial intermediary, has arranged $22.6 million in first mortgage leasehold financing for the 213-room Hotel Valencia Riverwalk in San Antonio. The 12-story hotel is located in the downtown area and offers 9,841 square feet of meeting and event space, a fitness center, an interior open-air courtyard and multiple onsite food-and-beverage options. The debt retires a maturing 10-year loan that was also originated by Sonnenblick-Eichner. The names of the lender and borrower were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansNew YorkNortheast

Goldman Sachs Funds $145M Loan for Refinancing of Manhattan Hotel

by Taylor Williams

NEW YORK CITY — Affiliates of Goldman Sachs & Co. have funded a $145 million loan for the refinancing of the Hôtel Barrière Fouquet in Manhattan. The 97-room hotel, which is located at 456 Greenwich St. in the borough’s Tribeca neighborhood, opened in 2022 and features a Parisian brasserie, a spa, art deco interiors and a private screening room. The loan retires the original construction and mezzanine financing that was provided by South Korea-based Hana Financial Investment. Law firm Rosenberg & Estis PC represented the borrower, an entity doing business as CBCS Washington Street LP, in the transaction, while attorneys from Haynes & Boone LLP represented the lender.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityIndianaMidwestMixed-Use

Marriott to Open Renaissance Hotel at $305M SoLa Mixed-Use Project in Michigan City, Indiana

by Kristin Harlow

MICHIGAN CITY, IND. — Marriott International will open a Renaissance Hotel as the hospitality anchor of SoLa, a $305 million resort-style community from Farpoint Development in northern Indiana’s Michigan City. SoLa will feature 170 condominiums, 18 townhomes, vacation rentals and retail options along the southern shore of Lake Michigan within the city’s Uptown Arts District. The 12-story Renaissance Hotel will span the east side of SoLa and include 240 rooms, including 24 suites. Amenities will include a full-service spa, fitness center and indoor pool with a retractable glass wall opening onto a lakeside terrace. A restaurant with open-air dining deck overlooking the lake will occupy the hotel’s 12th floor, while a ballroom and meeting spaces will be one flight below. Koo Architecture designed SoLa. Construction is planned to begin in January and last approximately two years. Kacia Snyder of Encore Sotheby’s International Realty | Jameson Sotheby’s International Realty is the listing agent.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityMidwestMissouri

Midas Building Group Completes $20M Dual-Branded Hotel Project Near St. Louis Airport

by Kristin Harlow

ST. LOUIS — Midas Building Group has completed a $20 million dual-branded hotel at 10300 Natural Bridge Road serving the nearby St. Louis Lambert International Airport. Lawrence Group was the architect, and Lodging Hospitality Management was the developer. The project connects the existing St. Louis Airport Hilton hotel built in the 1960s with a new 78,957-square-foot Hampton Inn hotel. In addition to architecture, Lawrence Group provided interior design, furniture procurement and landscape architecture on the project, which also included extensive interior renovations to the Hilton’s existing 18,100-square-foot, first-floor public areas. The Hilton’s four-story wing was replaced with a new six-story, 128-bed Hampton Inn hotel designed to operate independently from the adjacent Hilton hotel. Hampton Inn guests are able to utilize amenities within the renovated Hilton, including the fitness center, business center and indoor pool. Construction of the Hampton Inn portion was coordinated to not disrupt operations of the Hilton hotel, which provides an additional 397 rooms.

Continue Reading
FacebookTwitterLinkedinEmail
The Scoundrel
DevelopmentHospitalityLoansSoutheastTennessee

Arriba Capital Arranges $40M Construction Loan for Marriot Hotel in Downtown Gatlinburg, Tennessee

by Abby Cox

GATLINBURG, TENN. — Arriba Capital has arranged a $40 million construction loan for a Marriot-branded hotel in downtown Gatlinburg. Dubbed The Scoundrel, the hotel will act as the gateway to the Great Smoky Mountains National Park. The new hotel will total 128 rooms and will operate under the Marriot Tribute Portfolio brand. The borrower is a locally based, private hospitality and development group. A construction timeline was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
2225-Overland-Ave-Billings-MT
AcquisitionsHospitalityMontanaWestern

Veeder Hospitality Associates Sells 137-Key Courtyard Billings Hotel in Montana

by Amy Works

BILLINGS, MONT. — Veeder Hospitality Associates LLC has sold Courtyard Billings, a 137-room leisure and business hotel in Montana, to InterMountain Management for an undisclosed price. Constructed in 2024, the four-story Courtyard Billings offers meeting event spaces, a restaurant and fitness and business centers. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer in the deal. Adam Christofferon of Marcus & Millichap assisted in closing the deal as the broker of record.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansNortheastPennsylvania

Cronheim Mortgage Arranges $30.3M Loan for Refinancing of Metro Philadelphia Hotel

by Taylor Williams

KING OF PRUSSIA, PA. — The hotel financing arm of New Jersey-based intermediary Cronheim Mortgage has arranged a $30.3 million loan for the refinancing of a 327-room hotel in King of Prussia, located north of Philadelphia. The hotel is operated under the Alloy Suites banner, which is part of Hilton’s family of brands, and offers amenities such as a fitness center, meeting rooms and an onsite restaurant. Beau Williams and Drew Gilligan of Cronheim arranged the loan on behalf of the borrower, Concord Hospitality. The direct lender and specific loan terms were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityIndianaMidwest

Huff, Niehaus & Associates Arranges Sale of 119-Room Hampton Inn Hotel Near Louisville

by Kristin Harlow

CLARKSVILLE, IND. — Huff, Niehaus & Associates Inc. has arranged the sale of the 119-room Hampton Inn Louisville-North/Clarksville hotel in Clarksville, a northern suburb of Louisville. The sales price was undisclosed. The property at 1501 Broadway St. is situated near downtown Louisville and the Kentucky International Convention Center. Kingdom Broadway LLC purchased the asset from HHB LLC. The new ownership, which owns eight hotels, plans a comprehensive renovation of the property.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansMidwestWisconsin

Greysteel Arranges $14.9M Refinancing for Hilton Garden Inn Hotel in Green Bay, Wisconsin

by Kristin Harlow

GREEN BAY, WIS. — Greysteel has arranged a $14.9 million loan for the refinancing of the Hilton Garden Inn Green Bay, a recently renovated hotel in the heart of the Lambeau Field Stadium District. Developed in 2000 by Beechwood Hotel Group, the select-service property features 125 rooms. Beechwood has owned and operated the asset for more than 20 years. Fox Communities Credit Union provided the floating-rate loan. The refinancing was completed ahead of the property’s CMBS loan maturity.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts