Hospitality

Spandrel, 7G Group to Add W Hotel as Anchor for Uptown Charlotte Tower Redevelopment

by John Nelson September 10, 2026

CHARLOTTE, N.C. — A partnership between Spandrel Development Partners and 7G Group has announced plans to add a 200-room W Hotel to 400 South Tryon, a redevelopment of a 1970s-era office tower in Uptown Charlotte. The new hotel will be situated on the first nine floors of the tower, along with an 18,000-square-foot rooftop bar on the 34th floor. Other components of the tower include 399 unbranded apartments, residential amenities and an existing 517-space parking garage. The W Charlotte will offer 173 guest rooms, 27 suites (including a penthouse), 12,000 square feet of meeting space, a ground-floor restaurant and coffee bar and a ballroom with pre-function space. The design-build team for the new hotel includes Rockwell Group, LS3P and CetraRuddy. The timeline for the hotel’s opening was not released.

September 10, 2026

Acquisitions Connecticut Hospitality Northeast

Marcus & Millichap Brokers $12M Sale of Holiday Inn Hotel in Danbury, Connecticut

by Taylor Williams September 10, 2026

DANBURY, CONN. — Marcus & Millichap has brokered the $12 million sale of the Holiday Inn Express & Suites in Danbury, located in southern Connecticut’s Fairfield County. Built on 2.5 acres in 2001 and renovated in 2024, the four-story hotel offers 79 rooms and suites and amenities such as a pool and a fitness center. Jerry Swon of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

September 10, 2026

Acquisitions Hospitality South Carolina Southeast

Procaccianti, Rugger Capital Acquire 217-Room Charleston Harbor Resort

by John Nelson September 9, 2026

MOUNT PLEASANT, S.C. — A joint venture between Procaccianti Cos. and Rugger Capital has acquired Charleston Harbor Resort, a 217-room hotel on Cooper River and Charleston Harbor in Mount Pleasant. The new ownership has tapped TPG Hotels & Resorts to operate the property and is considering a value-add program to boost revenue at the waterfront hotel. Additionally, Suntex Marina Investors purchased the adjacent Charleston Harbor Marina, which has more than 450 slips that can accommodate vessels ranging from recreational cruisers to superyachts. Suntex will operate the marina separately from Charleston Harbor Resort. Cincinnati-based American Financial Group sold both properties for a combined $182.5 million, according to The Post and Courier.

September 9, 2026

Development Florida Hospitality Loans Southeast

IPA Arranges $75.1M Recapitalization for Monroe Hotel in Miami Beach

by John Nelson September 9, 2026

MIAMI BEACH, FLA. — IPA Capital Markets, a division of Marcus & Millichap, has arranged the $75.1 million recapitalization of The Monroe Hotel, an 89-room luxury boutique hotel underway in Miami Beach. Situated in the city’s Faena District, the property is a $125.5 million redevelopment of 3010 Collins Ave. and is slated to open in 2027. The property will include a full-service restaurant and bar, rooftop bar and event venue, in-house recording studio, pool with outdoor dining space, spa, fitness center and private beach service provided by Boucher Brothers. The recapitalization included $44 million in C-PACE financing from Nuveen Green Capital, $24.8 million in construction debt from City National Bank, $6.3 million in bridge financing from Midland States Bank and historic tax credit equity financing from PNC Bank. Bobby Werhane and Scott Raasch of IPA Capital Markets arranged the financing package for the undisclosed borrower.

September 9, 2026

Development Hospitality Loans Midwest Mixed-Use Multifamily Office Ohio Top Stories

ErieView Development Closes $218M Financing for W Cleveland Mixed-Use Tower

by John Nelson September 8, 2026

CLEVELAND — ErieView Development, an Ohio-based real estate development firm headed by the Kassouf family, has closed on $218 million in financing for the new W Cleveland mixed-use tower in downtown Cleveland. The adaptive reuse project will convert the 40-story Erieview Tower at 1301 E. 9th St. into a 210-room W Cleveland hotel, 215 rental residences and Class A office space. The W Cleveland’s residential units will mark the first apartments under the W brand that are exclusively for-rent, rather than for-sale, residences. The project also represents the first W hotel in Ohio and Marriott International’s first luxury hotel brand to open in Cleveland since the opening of The Ritz-Carlton Cleveland in 1990. Both renters and hotel guests will have access to 24-hour concierge services and other amenities, including a fitness center and spa. Both the hotel and apartments are slated to open in late 2027. The offices at W Cleveland, which will be on floors 29 through 38, will be delivered on a turnkey basis on tenant schedules through 2028. ErieView Development plans to appoint a leasing agency for the offices in the fourth quarter of this year. Other components of the W Cleveland will include a signature restaurant and …

September 8, 2026

Acquisitions Hospitality Midwest Wisconsin

Hunter Advisors Negotiates Sale of 196-Room Renaissance Milwaukee West Hotel

by Kristin Harlow September 3, 2026

WAUWATOSA, WIS. — Hunter Advisors has negotiated the sale of the Renaissance Milwaukee West Hotel, a 196-room property in Wauwatosa, about 10 miles west of downtown Milwaukee. Spencer Davidson of Hunter brokered the transaction. Chicago-based Witness Investment was the buyer. Built in 2020 and located at 2300 N. Mayfair Road, the 12-story hotel sits adjacent to Mayfair Mall. The property features 9,864 square feet of flexible meeting and event space, the ELDR+RIME Restaurant, the Silhouette Lobby Lounge and a 12th-floor fitness center.

September 3, 2026

Hospitality Loans Texas

JMI Realty Receives $28.8M Acquisition Loan for Downtown Austin Hotel

by Taylor Williams September 2, 2026

AUSTIN, TEXAS — Locally based owner-operator JMI Realty has received a $28.8 million acquisition loan for the 254-room Hilton Garden Inn Austin Downtown hotel. The hotel offers a variety of accommodations in addition to amenities such as a pool, fitness center and onsite food-and-beverage options. Beau Williams and Drew Gilligan of ThirtyFourth Capital, a Connecticut-based capital markets advisory firm that specializes in hospitality deals, arranged the loan through an undisclosed regional bank.

September 2, 2026

Acquisitions Hospitality Midwest Ohio

Laurel Real Estate Brokers Sale of 60-Room Hampton Inn Hotel in Sunbury, Ohio

by Kristin Harlow August 26, 2026

SUNBURY, OHIO — Laurel Real Estate Co. has brokered the sale of the 60-room Hampton Inn Columbus I-71 North hotel in Sunbury. Laurel represented the undisclosed seller. A private investor group acquired the hotel. The acquisition included several equity partners and an SBA 504 financing structure involving a conventional first-mortgage lender, LCNB National Bank, and a certified development company, Alloy Development Co. The SBA 504 loan program generally combines a first mortgage from a conventional lender with a second-lien loan facilitated by an SBA-certified development company, according to Laurel. The structure supports qualified small businesses making long-term investments in owner-occupied real estate and other major fixed assets. Katie Vivian of Largo Capital arranged the financing. Fusion Hotels, the buyer-affiliated hotel management platform led by Amul Patel, plans to assume management of the hotel. Fusion’s portfolio consists of 15 hotels across Ohio, Indiana and Kentucky.

August 26, 2026

Hospitality Loans New York Northeast

Knighthead Funding Provides $65M Loan for Refinancing of Long Island Hotel, Resort

by Taylor Williams August 25, 2026

MONTAUK, N.Y. — Knighthead Funding has provided a $65 million loan for the refinancing of Marram Montauk, a 96-room hotel and resort located on the tip of Long Island. Marram Montauk was built in 1967 and renovated in 2020. Guestrooms feature private terraces and balconies, and amenities include an oceanfront pool, private cabanas, curated wellness programming and onsite food-and-beverage options. The undisclosed sponsor acquired the property in 2022 and has since expanded on the capital improvements.

August 25, 2026

Alabama Development Hospitality Mixed-Use Southeast

IHG Opens 112-Room Hotel Indigo at $2.2B MidCity District in Huntsville

by John Nelson August 20, 2026

HUNTSVILLE, ALA. — IHG Hotels & Resorts has opened a new 112-room Hotel Indigo within MidCity District, a $2.2 billion mixed-use district in Huntsville by RCP Cos. Located at 940 Nunnuhsae Park Drive NW, the hotel features a lobby restaurant and bar called The Indie, a fitness center and 1,100 square feet of meeting and event space. The property is the only Hotel Indigo in Huntsville and the fourth in Alabama. Other elements of MidCity District include the Orion Amphitheater, Trader Joe’s, REI, Topgolf, Holiday Inn, multiple apartment communities and several chef-driven restaurants.

August 20, 2026

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