HOUSTON — Marcus & Millichap has brokered the sale of a 120-room hotel in West Houston. The hotel was built in 1995 and is operated under the Red Roof Plus+ brand. Amenities include a breakfast area, fitness center and onsite laundry facilities. Skyler Cooper of Marcus & Millichap represented the seller in the transaction and procured the buyer. Both parties were limited liability companies. Chris Gomes, Allan Miller and Rajan Patel of Marcus & Millichap provided support for the deal.
JACKSONVILLE, FLA. — Goldman Sachs Private Bank, an arm of the lender’s Wealth Management division, has provided $360 million in construction financing for Four Seasons Hotel and Residences Jacksonville, a development that will comprise a 170-room Four Seasons hotel and 26 private residences. The homes, which will begin selling at $4.7 million, will range from two- to five-bedrooms and span 1,930 to 7,936 square feet in size. The borrowers, Shanna Collective and Iguana Investments, are co-developing Four Seasons Hotel and Residences Jacksonville, which comprise two 10-story buildings. Situated along the St. Johns River, the property will feature a 78-slip marina developed on behalf of the City of Jacksonville, as well as upscale amenities and three restaurants. The hotel and condos will be situated near the revamped arena for the NFL’s Jacksonville Jaguars in the city’s sports and entertainment district. Shanna Collective and Iguana Investments topped off the development in August 2025 and plan to debut both components in 2027.
WESTMINSTER, CALIF. — Shopoff Realty Investments has acquired the remainder of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer in the deal. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development will deliver approximately 2,250 housing units, including a mix of for-sale housing, as well as market-rate and affordable rental housing. The project will also include more than 120 hotel keys, as well as more than 220,000 square feet of retail space. The site will also dedicate more than 15 acres to open space, including private resident spaces, open-air promenades and a network of walking trails. Current entitlement plans have been submitted to the city for review with anticipated approval in 2026. Demolition of the existing mall is planned for first-quarter 2026, with Target continuing to operate during this time. Once demolition and entitlements are completed, construction is slated to begin in fourth-quarter 2026.
PHILADELPHIA — Cronheim Hotel Capital, a division of New Jersey-based intermediary Cronheim Mortgage, has arranged a $28.5 million loan for the refinancing of the Renaissance Philadelphia Downtown hotel. The number of rooms was not disclosed. The hotel’s amenities include business and fitness centers, as well as meeting/event space and two onsite restaurants. The loan was structured with interest-only payments and a fixed interest rate. The direct lender and borrower were also not disclosed.
PARK CITY, UTAH — New York-based Extell Development Co. and Hilton have announced that Waldorf Astoria Deer Valley Resort and Residences will join Deer Valley East Village in Park City. Slated to debut in 2028, the ski-in, ski-out resort will be the first major public alpine ski resort to be developed in North America in more than 40 years. Waldorf Astoria Deer Valley Resort and Residences will feature 132 hotel keys and 105 one- to six-bedroom branded residences available for purchase ranging from 1,099 square feet to 5,155 square feet across two towers. The for-purchase units will include 56 hotel residences located above the hotel and 49 private residences in a standalone Waldorf Astoria Residences Deer Valley tower. Onsite amenities will include a 15,000-square-foot state-of-the-art spa with treatment rooms, thermal features and a snow room; fitness centers; ski valley and concierge services; a golf simulator; a kid’s room; a resident’s pool deck along the Green Monster, Deer Valley’s 4.8-mile ski run; an indoor lap pool; and an outdoor pool and hot tub cantilevered over the ski run below. The property will also feature numerous bars, restaurants and lounges, including Waldorf Astoria’s signature Peacock Alley; 11,300 square feet of meeting and event …
MANHATTAN, KAN. — Marcus & Millichap Capital Corp. (MMCC) has arranged the joint venture equity raise for the acquisition and conversion of the boutique Bluemont Hotel in Manhattan into a Graduate by Hilton property. TCOR Hotel Partners is the buyer. The property is expected to open as Graduate by Hilton Manhattan in early 2027. The reimagined hotel will feature refreshed guestrooms, enhanced gathering spaces and design elements inspired by the history and traditions of Kansas State University. Pete Fehlman and Jake Marshall of MMCC arranged the joint venture financing.
ColoradoFeaturesHospitalityIndustrialMultifamilyOfficeRetailSelf-StorageSeniors HousingWesternWestern Feature Archive
Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR
DENVER — The U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s conclusions are expanded in Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented …
ARCADIA, CALIF. — San Diego-based Azul Hospitality Group has opened Hilton Arcadia Los Angeles, a full-service Hilton-branded hotel in Arcadia. The 173-room property includes a mix of guest rooms and suites, approximately 17,800 square feet of flexible indoor and outdoor meeting and event space, a heated outdoor pool, fitness center and business hub. Additionally, the hotel features three food-and-beverage outlets, including Hipico rooftop restaurant and terrace; 19Seventy at the Ovalo Restaurant & Bar, an all-day dining concept; and Sottaku by Kisen & Kaiseki Motoishi, a speciality sushi and Japanese dining outlet. Situated near the historic Santa Ana Racetrack, the hotel also offers racetrack-facing views from select rooms. Azul Hospitality Group operates properties in 29 markets across 11 states, with a portfolio that includes 21 global hotel brands. Azul also manages and concepted more than 40 independently branded restaurants and skyline bars, as well as cafés, counter-service concepts and speakeasies.
WEBSTER, TEXAS — Venu, a hospitality and entertainment owner-operator based in Colorado, has signed a letter of intent to open a 12,500-seat amphitheater in Webster, a southeastern suburb of Houston. According to local media sources, including Community Impact Newspaper and CultureMap Houston, the project is valued at $150 million. Known as Sunset Amphitheater Houston and spanning 34 acres, the venue will be located within Flyway, an 80-acre entertainment district that is anchored by Great Wolf Lodge. Former Dallas Cowboys quarterback Troy Aikman is a partner on the project via the Aikman Club, a 350-seat, membership-based elevated space that will be located at the center of the venue.
HOUSTON — Largo Capital, a financial intermediary based in upstate New York, has arranged a $13.2 million loan for the refinancing of a 125-room hotel in Houston. The specific name and address of the hotel were not disclosed, but the property is operated under the Homewood Suites by Hilton brand. The undisclosed borrower will use a portion of the proceeds to fund capital improvements. Ben Blanton and Max Downing led the transaction for Largo Capital.
Newer Posts