Monday, November 17, 2025
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Hospitality

Courtyard-by-Marriott-Wayne-Fairfield
AcquisitionsHospitalityNew JerseyNortheast

JLL Brokers Sale of 122-Room, Marriott-Branded Hotel in Northern New Jersey

by Taylor Williams

FAIRFIELD, N.J. — JLL has brokered the sale of the 122-room Courtyard by Marriott Wayne Fairfield hotel in Northern New Jersey. Built in 2018, the four-story hotel features 73 standard king rooms, 36 standard two-queen rooms, seven extended two-queen rooms, four king suites and two queen suites. Amenities include an indoor pool, fitness center, onsite restaurant and 1,587 square feet of meeting and event space. Phil White of JLL represented the seller, RiverLink Hotels, in the deal. Jillian Mariutti, also with JLL, arranged acquisition financing through M&T Bank on behalf of the buyer, Concord Hospitality.

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Residence Inn by Marriott Baltimore White Marsh
AcquisitionsHospitalityMarylandSoutheast

HWE Arranges Sale of 131-Room Residence Inn Hotel in Baltimore

by Abby Cox

BALTIMORE — Hodges Ward Elliott (HWE) has arranged the sale of the Residence Inn by Marriott Baltimore White Marsh, a 131-room hotel property located within the White Marsh Town Center master-planned community in Baltimore. The hotel spans four floors and features a mix of amenities including a fitness center, outdoor swimming pool, sports court, meeting room and complimentary breakfast. Clint Hodges and Nate Ries of HWE represented the seller, an affiliate of American Hotel Income Properties REIT LP, in the transaction. The buyer and purchase price were not disclosed.

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AcquisitionsHospitalityMidwestNorth Dakota

Marcus & Millichap Negotiates Sale of 75-Room MainStay Suites Hotel in Minot, North Dakota

by Kristin Harlow

MINOT, N.D. — Marcus & Millichap has negotiated the sale of a 75-room MainStay Suites hotel in Minot. Jake Erickson, Jared Plamann, Brock Banken and Jon Ruzicka of Marcus & Millichap represented the seller, Minot Hospitality Partners LLC. Erickson and Plamann procured the buyer, Astro Hospitality LLC. Built in 2011, the 39,918-square-foot property sits on 1.7 acres adjacent to Dakota Square Mall.

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AcquisitionsDevelopmentHospitalitySoutheastTennessee

City of Memphis Acquires 600-Room Sheraton Memphis Downtown Hotel, Plans Redevelopment

by John Nelson

MEMPHIS, TENN. — The City of Memphis has acquired the Sheraton Memphis Downtown, a 600-room hotel located at 250 N. Main St. in downtown Memphis. The seller, an undisclosed institutional hotel investment firm, and the sales price were not disclosed, though local media outlets are reporting the asset traded for $22 million. Spencer Davidson and Tim Osborne of Hunter Hotel Advisors brokered the transaction. The city is partnering with Carlisle Development Group to overhaul and rebrand the property as Marriott Hotel Downtown Memphis. The hotel currently features 18,131 square feet of onsite meeting space, an indoor pool, fitness center and direct access via an enclosed skywalk to the 300,000-square-foot Renasant Convention Center, which recently underwent a $200 million modernization. Specific plans and construction timelines for the hotel redevelopment project were not released.

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FeaturesHospitalitySoutheastSoutheast Feature ArchiveVirginia

Annual RevPAR for U.S. Hotel Sector Declines for First Time Since 2020, Says CoStar and Tourism Economics

by John Nelson

ARLINGTON, VA. — Revenue per available room (RevPAR) was revised downward in the final performance projections for the U.S. hospitality sector in 2025, according to the latest forecast from CoStar Group and Tourism Economics, an Oxford Economics company. RevPAR is projected to finish the year at a decline of 0.4 percent (or negative 40 basis points) compared to a year ago. This would result in the first total-year decline since 2020 and only the second since 2009, both of which were years with major macroeconomic disruptions with the COVID-19 pandemic and Great Financial Crisis, respectively. CoStar and Tourism Economics also lowered occupancy projections to end the year at 62.3 percent, a decline from 63.1 percent at year-end 2024, while average daily rate (ADR) was held steady at +0.8 percent for the year. For 2026, occupancy is projected to decline by another 30 basis points, while ADR and RevPAR are projected to trend positive by 90 and 50 basis points, respectively (see chart). “We expect little change in the macroeconomic environment as unemployment and prices continue to rise,” says Amanda Hite, president of STR, a hospitality research firm owned by CoStar. “As a result, our hotel performance outlook for the remainder of …

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AcquisitionsConnecticutHospitalityNortheast

Hunter Hotel Advisors Arranges Sale of 135-Room Property in Stratford, Connecticut

by Taylor Williams

STRATFORD, CONN. — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 135-room Homewood Suites by Hilton Stratford. The extended-stay property sits across from Sikorsky Aircraft Corp.’s 2.5 million-square-foot headquarters in southern coastal Connecticut. An unnamed institutional investor sold the property to owner-operator Jamsan Hotel Management for an undisclosed price. Spencer Davidson of Hunter Hotel Advisors brokered the deal.

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AcquisitionsHospitalityTexas

Mumford Co. Arranges Sale of 80-Room, Marriott-Branded Hotel in Snyder, Texas

by Taylor Williams

SNYDER, TEXAS — Hospitality brokerage firm Mumford Co. has arranged the sale of a Marriott-branded hotel in Snyder, located in Scurry County in West Texas. The Fairfield Inn & Suites Snyder includes 80 suites and offers amenities such as an outdoor pool, fitness center, convenience mart and onsite laundry services. Ryan Patterson of Mumford Co. represented the undisclosed, Houston-based seller in the transaction. The buyer and sales price were also not disclosed.

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HospitalityLoansTexas

CooperWynn Capital Arranges Refinancing of 103-Room Hotel in Fredericksburg, Texas

by Taylor Williams

FREDERICKSBURG, TEXAS — CooperWynn Capital, a Utah-based capital markets advisory firm, has arranged a fixed-rate loan of an undisclosed amount for the refinancing of the 103-room Fredericksburg Inn & Suites in Central Texas. Amenities include complimentary breakfast, an outdoor pool with a slide, volleyball pool and more than 3,700 square feet of meeting and event space. The borrower, Croesus Hotels LLC, bought the select-sertvice hotel in 2004 and subsequently invested more than $5 million in capital improvements. The direct lender was not disclosed.

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DevelopmentHospitalityIndianaMidwest

Dora Hospitality Breaks Ground on 135-Room AC Hotel in Suburban Indianapolis

by Kristin Harlow

FISHERS, IND. — Dora Hospitality LLC has broken ground on Indiana’s first AC Hotels by Marriott. Slated to open in early 2027, the project is part of Thompson Thrift’s The Union at Fishers District in the Indianapolis suburb of Fishers. Dora will own the hotel in partnership with Fishers Hotel Partners LLC. Seated atop 15,500 square feet of retail space, the 135-room hotel will feature meeting space, fitness equipment and European-inspired food-and-beverage offerings in the AC Lounge and AC Kitchen. The Union is one of five developments within the master plan of the $750 million Fishers District. The mixed-use project offers 60,000 square feet of retail, restaurant and entertainment space along with 251 luxury apartment units and 70,000 square feet of office space. Only one 1,250-square-foot retail space remains available for lease at The Union. Signed tenants include Piedra, Cunningham Restaurant Group, Niku Sushi, Kitchen Social, Everbowl and Racha Thai.

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District of ColumbiaHealthcareHospitalityIndustrialLoansMultifamilyOfficeRetailSoutheast

MBA: Commercial, Multifamily Loan Originations Increased 36 Percent in Third Quarter from 2024

by John Nelson

WASHINGTON, D.C. — The volume for commercial and multifamily mortgage loan originations closed in the third quarter of 2025 was 36 percent higher compared to a year earlier, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations report. The third-quarter production also represents an 18 percent increase from the previous quarter. The MBA reports that loan originations have now risen for five consecutive quarters on both a quarterly and annual basis. Among property types, there was an 181 percent year-over-year increase in the dollar volume of loans for office properties, 100 percent increase for retail properties, 66 percent increase for hotels, 27 percent increase for multifamily properties and a 5 percent increase for industrial properties. Originations for healthcare properties decreased 43 percent compared to the third quarter of 2024. “While some sectors, such as healthcare and industrial, saw slower activity, overall volumes reflected improving sentiment as property values stabilized and loans reaching maturity were refinanced,” says Reggie Booker, MBA’s associate vice president of commercial/multifamily research. Among capital sources, there was a 52 percent year-over-year increase in loans by depositories lenders (i.e. banks), 40 percent increase in loans by government sponsored enterprises (Fannie Mae and Freddie Mac) …

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