Hospitality Archives - REBusinessOnline

Gencom Acquires The Ritz-Carlton New York, Central Park Hotel

Abby Cox — Fri, 06 Feb 2026 12:45:00 +0000

NEW YORK CITY — Gencom, a Miami-based investment firm, has acquired The Ritz-Carlton New York, Central Park, a 253-room hotel located in Midtown Manhattan. Banco Inbursa provided financing for the acquisition. Although the sales price was not disclosed, media outlets reported a bidding price of $400 million for the property in March 2024. “Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal,” says Karim Alibhai, founder and principal of Gencom. Situated within the Plaza District at the corner of Central Park South and Sixth Avenue, the Ritz-Carlton New York comprises 253 guest rooms, including 47 suites that are located on the lower 22 floors of the 33-story building. The upper floors consist of roughly a dozen private residential condominiums, which were not included in the sale. Guest rooms offer a more standard hotel room layout, with separate seating areas, marble bathrooms and walk-in showers. Meanwhile, the residential condos average more than 1,000 square feet in size and include distinct living spaces, kitchens and dining areas. The Ritz-Carlton hotel also features various amenities for its guests, including Contour, the all-day gastro lounge; the Ritz-Carlton Club Lounge; the La Prairie Spa; and a…

The post Gencom Acquires The Ritz-Carlton New York, Central Park Hotel appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of 120-Room Hotel in West Houston

Taylor Williams — Wed, 04 Feb 2026 16:15:03 +0000

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.

The post Marcus & Millichap Brokers Sale of 120-Room Hotel in West Houston appeared first on REBusinessOnline.

Goldman Sachs Provides $360M Construction Financing for Four Seasons Hotel and Residences Jacksonville

John Nelson — Tue, 03 Feb 2026 15:46:01 +0000

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.

The post Goldman Sachs Provides $360M Construction Financing for Four Seasons Hotel and Residences Jacksonville appeared first on REBusinessOnline.

Shopoff Realty Investments Buys Balance of Westminster Mall in California for Mixed-Use Redevelopment Project

Amy Works — Tue, 03 Feb 2026 14:58:21 +0000

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.

The post Shopoff Realty Investments Buys Balance of Westminster Mall in California for Mixed-Use Redevelopment Project appeared first on REBusinessOnline.

Cronheim Arranges $28.5M Loan for Refinancing of Downtown Philadelphia Hotel

Taylor Williams — Mon, 02 Feb 2026 14:52:58 +0000

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.

The post Cronheim Arranges $28.5M Loan for Refinancing of Downtown Philadelphia Hotel appeared first on REBusinessOnline.

Waldorf Astoria Hotels & Resorts to Join Deer Valley East Village in Park City, Utah

Amy Works — Thu, 29 Jan 2026 14:48:10 +0000

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…

The post Waldorf Astoria Hotels & Resorts to Join Deer Valley East Village in Park City, Utah appeared first on REBusinessOnline.

MMCC Arranges Joint Venture Equity Raise for Hotel Conversion Project in Manhattan, Kansas

Kristin Harlow — Tue, 27 Jan 2026 14:03:56 +0000

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.

The post MMCC Arranges Joint Venture Equity Raise for Hotel Conversion Project in Manhattan, Kansas appeared first on REBusinessOnline.

Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR

John Nelson — Tue, 27 Jan 2026 12:42:00 +0000

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…

The post Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR appeared first on REBusinessOnline.

Azul Hospitality Group Opens 173-Room Hilton Arcadia Los Angeles Hotel

Amy Works — Mon, 26 Jan 2026 14:29:11 +0000

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.

The post Azul Hospitality Group Opens 173-Room Hilton Arcadia Los Angeles Hotel appeared first on REBusinessOnline.

Venu to Open $150M Amphitheater at Flyway District in Webster, Texas

Taylor Williams — Mon, 26 Jan 2026 13:33:00 +0000

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.

The post Venu to Open $150M Amphitheater at Flyway District in Webster, Texas appeared first on REBusinessOnline.

Largo Capital Arranges $13.2M Loan for Refinancing of Houston Hotel

Taylor Williams — Fri, 23 Jan 2026 16:31:30 +0000

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.

The post Largo Capital Arranges $13.2M Loan for Refinancing of Houston Hotel appeared first on REBusinessOnline.

TDC Selects Mainsail Lodging as Hotel Development Partner at Medley Project in Johns Creek, Georgia

Abby Cox — Fri, 23 Jan 2026 14:35:22 +0000

ATLANTA — Toro Development Co. (TDC) has selected Mainsail Lodging & Development as the development partner and operator for the hotel component at Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. The 150-room hotel will be integrated within the mixed-use development and will front the 25,000-square-foot greenspace at the property. The hotel, which is slated to open in 2028, will feature modern guestrooms, a signature restaurant and approximately 5,000 square feet of meeting and event space that connects to the green space and lobby. Along with the new hospitality component, Medley includes 164,000 square feet of retail, restaurant and entertainment space; 883 luxury apartments; and 110,000 square feet of office space. Medley will officially open on Oct. 29.

The post TDC Selects Mainsail Lodging as Hotel Development Partner at Medley Project in Johns Creek, Georgia appeared first on REBusinessOnline.

Hunter Advisors Negotiates Sale of 408-Room Renaissance Columbus Downtown Hotel

Kristin Harlow — Wed, 21 Jan 2026 14:31:02 +0000

COLUMBUS, OHIO — Hunter Advisors has negotiated the sale of the Renaissance Columbus Downtown Hotel, a 408-room property in downtown Columbus. JW Marriott Family Enterprises sold the hotel to Whitestone Cos. Robert Taylor and Sophia Pittaluga of Hunter brokered the sale. Situated at 50 N. Third St., the asset rises 22 stories and features 23,810 square feet of flexible meeting and event space across 18 meeting rooms, along with Latitude 41, Bar 41, an outdoor pool, fitness center and business center. The acquisition marks Whitestone’s third investment in Columbus over the last 10 months.

The post Hunter Advisors Negotiates Sale of 408-Room Renaissance Columbus Downtown Hotel appeared first on REBusinessOnline.

HWE Negotiates Sale of 220-Room SpringHill Suites Hotel in Atlanta’s Buckhead District

Abby Cox — Mon, 19 Jan 2026 13:24:50 +0000

ATLANTA — Hodges Ward Elliott (HWE) has brokered the sale of the Springhill Suites by Marriott Atlanta Buckhead hotel, a 220-room, select-service hotel located at 3459 Buckhead Loop NE in the city’s Buckhead district. HWE, now part of Franklin Street’s platform, represented the undisclosed seller in the transaction. The sales price and buyer were also not disclosed, but the Atlanta Business Chronicle reports that Blueleaf Capital and 3VP purchased the hotel for approximately $19.3 million. Spanning 11 floors, the pet-friendly hotel features a mix of amenities, including a swimming pool, onsite restaurant, 24/7 fitness center, complimentary breakfast, laundry facilities, gift shop and roughly 2,200 square feet of conference space. The Atlanta Business Chronicle reports that the new owners plan to invest $9 million to renovate the hotel. The property will continue to be affiliated with SpringHill Suites by Marriott, according to HWE.

The post HWE Negotiates Sale of 220-Room SpringHill Suites Hotel in Atlanta’s Buckhead District appeared first on REBusinessOnline.

BWE Arranges Two Loans Totaling $120M for Refinancing of New York City Hotels

Taylor Williams — Fri, 16 Jan 2026 15:44:24 +0000

NEW YORK CITY — BWE, a Cleveland-based commercial finance firm, has arranged two loans totaling $120 million for the refinancing of a pair of Marriott-branded hotels in the New York City. The financing consisted of $90 million for the 357-room Residence Inn Times Square hotel in Midtown Manhattan and $30 million for the 160-room Courtyard by Marriott Long Island City in Queens. Steve Perricone of BWE arranged the loans, both of which were structured with 15-year terms and 15-year amortization schedules. The name(s) of the direct lenders, as well as the regional hospitality investor that owns the properties, were not disclosed.

The post BWE Arranges Two Loans Totaling $120M for Refinancing of New York City Hotels appeared first on REBusinessOnline.

Marcus & Millichap Arranges Sale of 67-Room Boutique Hotel in La Crosse, Wisconsin

Kristin Harlow — Fri, 16 Jan 2026 14:00:00 +0000

LA CROSSE, WIS. — Marcus & Millichap has arranged the sale of The Charmont Hotel, a 67-room boutique hotel property in La Crosse. The property was formerly a 19th-century candy factory. The hotel features a full-service restaurant, rooftop terrace, fitness center and more than 900 square feet of meeting space. Open since 2017, the asset is steps from the Mississippi River. Ebrahim Valliani, Michael Klar, Dan Danielak and Todd Lindblom of Marcus & Millichap represented the seller, a private investor group, and procured the buyer, Diane Hendricks, founder of Hendricks Commercial Properties LLC. The transaction received additional support from Chris Gomes and Allan Miller of Marcus & Millichap’s Miller-Gomes Hotel Team.

The post Marcus & Millichap Arranges Sale of 67-Room Boutique Hotel in La Crosse, Wisconsin appeared first on REBusinessOnline.

JLL Secures Refinancing for Dual-Branded, 523-Room Hotel in Chicago

Kristin Harlow — Thu, 15 Jan 2026 14:58:16 +0000

CHICAGO — JLL Capital Markets has secured the refinancing for a dual-branded hotel in Chicago’s River North district. The property comprises the 270-room Residence Inn River North and the 253-room SpringHill Suites River North, both of which are Marriott-affiliated and located at 410 N. Dearborn St. Danny Kaufman, Jeffrey Bucaro and Malia Buljat of JLL worked on behalf of the borrower, a joint venture between Friedman Properties and White Lodging, to secure a fixed-rate, five-year loan through PGIM. Both hotels completed a renovation of all guestrooms in April 2025. Public space and meeting room renovations are slated for completion in February. The property features 1,358 square feet of meeting space, a fitness center and multiple food-and-beverage outlets, including two new restaurant concepts by Lettuce Entertain You — Gus’s Slip & Dip and Crying Tiger — that opened on the ground floor. The Residence Inn offers suites with full kitchens, separate living areas and complimentary breakfast. The SpringHill Suites offers suites with kitchenettes and amenities.

The post JLL Secures Refinancing for Dual-Branded, 523-Room Hotel in Chicago appeared first on REBusinessOnline.

PACE Loan Group Provides $32.2M C-PACE Loan for Hyatt House Hotel in Orlando

John Nelson — Wed, 14 Jan 2026 15:47:34 +0000

ORLANDO, FLA. — PACE Loan Group (PLG) has provided a $32.2 million C-PACE loan for the development of Hyatt House, a 274-room extended stay hotel located at 6469 Westwood Blvd. in Orlando. The borrower is a joint venture between New York-based firms GFI Hospitality and LCP Group. The C-PACE loan will cover energy efficient HVAC systems, elevators, windows, high-efficiency plumbing, lighting and mechanical systems. The hotel will have direct access to the Orange County Convention Center upon completion, as well as an onsite restaurant, bar and a fitness center. About 60 percent of the hotel rooms will come equipped with a full kitchen. Crescent Hotels will operate and manage the Hyatt House hotel upon completion. The project team includes general contractor Cleveland Construction and architect Behar Peteranecz Inc.

The post PACE Loan Group Provides $32.2M C-PACE Loan for Hyatt House Hotel in Orlando appeared first on REBusinessOnline.

Franklin Street Acquires Hospitality Brokerage Firm Hodges Ward Elliott

John Nelson — Tue, 13 Jan 2026 15:18:09 +0000

TAMPA, FLA. AND ATLANTA — Tampa-based commercial real estate services firm Franklin Street has acquired Hodges Ward Elliott (HWE), a global hospitality brokerage firm based in Atlanta with offices in London, New York City, Miami, Tampa and Dallas. HWE will continue to provide its services under its current name and brand and will keep its leadership and brokerage teams intact. “HWE’s experience with executing institutional deals will benefit Franklin Street as we expand our reach and market share,” says Tony DeSisto, president and chief operating officer at Franklin Street. The company opened offices in Nashville and Dallas last year and recently hired a new regional managing director in Miami. HWE will join the Franklin Street platform and have access to the company’s multiple business verticals, including insurance, project management, capital advisory, leasing and property management. HWE team members have joined existing Franklin Street offices in Atlanta, Dallas, Nashville, Orlando and Tampa. Over the past five years, HWE has completed $17 billion in closed transactions, with 30 deals exceeding $100 million. In 2025, the firm closed $1.5 billion in transactions, including the sale of W London and Viewline Resort Snowmass, Autograph Collection in Colorado.

The post Franklin Street Acquires Hospitality Brokerage Firm Hodges Ward Elliott appeared first on REBusinessOnline.

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

Taylor Williams — Mon, 12 Jan 2026 14:31:37 +0000

NEW YORK CITY — Goldman Sachs has provided a $145 million loan for the refinancing of Fouquet’s New York, a 97-room hotel in Manhattan’s Tribeca neighborhood that is operated/managed as part of the family of brands of Paris-based Barrière’s Signature Luxury Hotels. The hotel features multiple onsite food-and-beverage establishments, as well as a spa and meeting/event space. The sponsor and majority owner of the hotel is APW Avenue Group, a group led by Los Angeles-based investor James Parks. Specific loan terms were not disclosed.

The post Goldman Sachs Provides $145M Loan for Refinancing of Manhattan Hotel appeared first on REBusinessOnline.