Hospitality Archives - 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

John Nelson — Thu, 08 Jan 2026 15:30:47 +0000

MIAMI — Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet upon completion in 2028, making it the second tallest building in Florida. The C-PACE financing completes the capital stack for the new skyscraper, according to Bayview PACE. Other capital sources were not released. Designed by Behar Font & Partners, Okan Tower will feature four levels of offices totaling 56,000 square feet; an onsite parking garage totaling 429 spaces; a five-star, Hilton-branded hotel totaling 316 rooms; 236 condo-hotel units managed by Hilton; and Sky Residences, 163 for-sale condominiums that will occupy the tower’s uppermost floors.

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Knighthead Funding Provides $48M Loan for Acquisition, Conversion of Stamford Hotel

Taylor Williams — Thu, 08 Jan 2026 14:50:34 +0000

STAMFORD, CONN. — Knighthead Funding has provided a $48 million loan for the acquisition and partial conversion of the 508-room Marriott Stamford hotel in southern coastal Connecticut. The sponsor, Clearview Hotel Capital, will use a portion of the proceeds to convert one of the hotel’s two towers, which were built in 1975 and 1985, into a residential complex with studio, one- and two-bedroom units. The other tower will be renovated and relaunched as a modernized hotel. Tyler Dumon, Christopher Kramer, Daniel Fromm, Ricky Braha, Jordan Roeschlaub and Nick Scribani of Newmark arranged the debt.

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Marcus & Millichap Brokers Sale of 68-Room Comfort Inn New Orleans Airport Hotel

Abby Cox — Tue, 06 Jan 2026 15:20:40 +0000

SAINT ROSE, LA. — Marcus & Millichap has brokered the sale of the 68-room Comfort Inn New Orleans Airport hotel in Saint Rose. Built in 2010, the three-story property is situated at 10151 W. Airline Highway, roughly five miles from the Armstrong New Orleans International Airport. Amenities include complimentary breakfast, a fitness center, business center, meeting facilities and an airport shuttle. David Altman and Jeff Halavacs of Marcus & Millichap represented the seller, Siddiqui Enterprises LLC, and procured the buyer, NOLA Airport Hospitality LLC, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.

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RCP Unveils Plans for $300M Mixed-Use Expansion at MidCity District in Huntsville

John Nelson — Tue, 23 Dec 2025 15:42:15 +0000

HUNTSVILLE, ALA. — RCP Cos. has unveiled plans for MidCity Arts + Innovation, a 12-acre development within the larger $2.2 billion MidCity District in downtown Huntsville. The project represents a $300 million investment and will expand the development’s master plan by three city blocks along Sanderson Road. MidCity Arts + Innovation will be anchored by MidCity Live, a 3,000-seat indoor music venue jointly designed by Matheny Goldmon Architects and Urban Design Associates. RCP will name an operating partner for the venue in early 2026. MidCity Live will join The Orion Amphitheater, an existing 8,000-seat music venue within MidCity District. Other components of the expansion will include a new location for The Camp, an outdoor venue and community gathering space; two hotels, including a 200-room, music-branded hotel; a tech-centric office campus developed by the Apollo Coalition nonprofit; and approximately 60,000 square feet of new retail and entertainment space.

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Partnership Buys Midtown Manhattan Hotel for $255M, Plans Affordable Housing Conversion

Taylor Williams — Tue, 23 Dec 2025 15:27:22 +0000

NEW YORK CITY — A partnership between local owner-operator Slate Property Group and nonprofit supportive housing developer Breaking Ground has acquired the Stewart Hotel in Midtown Manhattan for $255 million with plans to implement an affordable housing conversion. Slate will develop the project, which will convert the 611-room hotel into a 579-unit apartment complex, and Breaking Ground will own and operate the property upon completion. The 31-story hotel, which is located across from Penn Station and closed in 2022, also features a 100-space underground parking garage, 12,000 square feet of ground-floor retail space and 3,500 square feet of ballroom space. All units will be reserved for low-income households and/or formerly homeless individuals, with rents to range from $1,385 to $1,731 per month. Construction is scheduled to begin late next year. As part of the redevelopment, the project team will replace all major utility and mechanical systems, upgrade lighting and merge adjacent hotel rooms into living spaces as needed. New office space will be constructed for onsite social services, and the building will also have full-time security and maintenance staff.

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Red Oak Capital Holdings Provides $10M Acquisition Loan for Metro Chicago Hotel

Kristin Harlow — Mon, 22 Dec 2025 14:50:21 +0000

SCHILLER PARK, ILL. — Red Oak Capital Holdings has provided a $10 million loan for the acquisition and refurbishment of the Four Points by Sheraton Chicago O’Hare Airport hotel. Structured under Red Oak’s Core-Plus Bridge Loan program, the nonrecourse loan features an 18-month initial term, interest-only payments and a loan-to-stabilized value of 54.5 percent. The loan proceeds will be used to fund a portion of the $13 million purchase price and support initial capital improvements. Stratos Athanassiades of Red Oak originated the financing, which was underwritten by Thomas Gorski and administered by James Myatt. The borrower was a seasoned hospitality investor with a portfolio of 20 assets worth in excess of $70 million in gross asset value, including 10 hospitality properties across the Midwest. Located at 10249 W. Irving Park Road in Schiller Park, the 295-room, 195,000-square-foot hotel sits on 7.5 acres adjacent to Chicago O’Hare International Airport. Originally built in 1985 and renovated in 2015, the full-service property includes an indoor pool, meeting space, restaurant, gift shop and fitness center. The borrower’s business plan includes a new Marriott franchise agreement, modest room upgrades in the first year and a larger, Marriott-approved property improvement plan (PIP) renovation thereafter. The buyer…

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Newmark Arranges $51M Refinancing for Virgin Hotels Nashville

John Nelson — Thu, 18 Dec 2025 16:14:09 +0000

NASHVILLE, TENN. — Newmark has arranged a $51 million loan for the refinancing of Virgin Hotels Nashville, a 14-story hotel located at 1 Music Square W in Nashville’s Music Row district. Jordan Roeschlaub, Nick Scribani, Tyler Dumon, Holden Witkoff and Tate Keir of Newmark arranged the loan through Apollo. The borrower, Virgin Group, opened the 262-room hotel in July 2020. Virgin Hotels Nashville features multiple food-and-beverage eateries, including a rooftop bar, speakeasy and a signature restaurant with indoor and outdoor dining space. Other features include a rooftop pool with private cabanas, a fitness center and more than 15,000 square feet of meeting and event space.

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Maine Course Hospitality Buys 113-Room Hotel in Saratoga Springs, New York

Taylor Williams — Wed, 17 Dec 2025 14:59:22 +0000

SARATOGA SPRINGS, N.Y. — Regional owner-operator Maine Course Hospitality Group has purchased the 113-room Homewood Suites Saratoga Springs hotel, located north of Albany. The extended-stay hotel was built in 2017 and offers amenities such as a fitness center, business center, indoor pool and a sport court. Denny Meikleham and John Kluh of Berkadia represented the seller, a joint venture between DelMonte Hotel Group and XSS Hotels, in the transaction.

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Crow Holdings to Undertake $100M Renovation of Hilton Anatole Hotel in Dallas

Taylor Williams — Tue, 16 Dec 2025 15:57:22 +0000

DALLAS — Crow Holdings will undertake a $100 million renovation of the Hilton Anatole, a 1,610-room hotel located northwest of downtown Dallas. Trammell Crow Co. originally developed the hotel on a 52-acre site in 1979. The renovation will be carried out in phases over the next several years, with completion slated for 2028. Updates to 718 guestrooms were recently completed, and the next phase will include renovations to another 899 guestrooms and 600,000 square feet of meeting and event space. The project will also enhance the hotel’s food-and-beverage offerings, which at present include nine restaurants and bars. The Hilton Anatole also houses a water park and curated art from the Crow family collection.

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Shamin Hotels Breaks Ground on $160M Hilton-Branded Hotel, Conference Center in Richmond

Abby Cox — Mon, 15 Dec 2025 14:53:18 +0000

RICHMOND, VA. — Virginia’s largest hotel owner and operator Shamin Hotels has broken ground on Hilton Richmond The Mondelle, a 270-room full-service hotel and conference center located in Chesterfield County. The $160 million project will anchor Springline at District 60, a $1 billion mixed-use development underway at the intersection of Midlothian Turnpike and Chippenham Parkway. The Mondelle will feature more than 30,000 square feet of meeting space, including a 12,600-square-foot grand ballroom. The 11-story hotel will also include a signature restaurant with outdoor dining, a second-floor indoor/outdoor executive meeting center with a biergarten, a rooftop restaurant and cocktail bar, as well as an infinity pool. Truist Bank provided construction and bond financing for the project, which represents the first full-service hotel and conference center to be constructed in the Richmond market since 2009.

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