Hospitality Archives - REBusinessOnline

Marcus & Millichap Brokers Sale of 49-Room Hotel in Clarendon, Texas

Taylor Williams — Mon, 29 Jun 2026 14:00:00 +0000

CLARENDON, TEXAS — Marcus & Millichap has brokered the sale of a 49-room hotel in the West Texas city of Clarendon. Built on 2.4 acres in 2004, the hotel is operated under the Best Western Plus brand and offers amenities such as an indoor pool, business center, fitness center and meeting space. Gordon Allred and Chris Gomes of Marcus & Millichap represented the seller in the transaction and procured the buyer.

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Skanska Wins $325M Contract to Construct Marriott Hotel in Cincinnati

Matthew Auchincloss — Wed, 24 Jun 2026 12:30:00 +0000

CINCINNATI — Multinational construction and development company Skanska has been awarded a $325 million contract with Atlanta-based developer Portman Holdings to construct a 21-story Marriott-branded hotel in downtown Cincinnati. The 700-key, full-service hotel will be located next to the newly renovated First Financial Center convention center. According to the development team, the hotel will be the first “true” Marriott-branded hospitality property in downtown Cincinnati, although hotels bearing Marriott brands such as AC Hotels and Renaissance are already in operation. Amenities will include multiple ballrooms, 62,250 square feet of meeting and event space, 17,445 square feet of outdoor terrace space, restaurant and a hotel bar. Additionally, Portman Holdings has secured $410 million in private funding, according to the Cincinnati Business Courier. Bank OZK provided the senior construction loan and Huntington National Bank provided a bridge loan. The Cincinnati Business Courier also reports that the public funding component of the project was secured in March when the Port of Greater Cincinnati Development Authority approved the sale of $130 million in tax-exempt bonds. The project is a public-private partnership with the public share totaling 46 percent. The port purchased the site, which at the time was a surface parking lot in 2018. Construction is slated to begin in…

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X-Caliber Provides $431M in Financing for Redevelopment of Coco Palms Resort in Hawaii

John Nelson — Tue, 23 Jun 2026 12:00:00 +0000

KAUAI, HAWAII — X-Caliber Capital Holdings, a commercial real estate finance firm based in Irvington, N.Y., has provided a financing package totaling $431 million for the redevelopment of Coco Palms, a 32-acre resort destination on the Hawaiian island of Kauai. The property was famously the filming location of “Blue Hawaii,” a 1961 movie starring Elvis Presley, and is listed on the National Register of Historic Places. “Coco Palms holds a unique place in Kauai’s history, and its restoration is an exciting development for the island and its residents,” says Chris Callahan, president and CEO of X-Caliber. The financing includes $185.6 million of conventional financing via an affiliate of X-Caliber, X-Caliber Rural Capital, and $245.4 million of C-PACE financing through CastleGreen Finance, another X-Caliber affiliate. Together, the loans will provide 80 percent of the estimated redevelopment cost and are priced at an “attractive,” blended interest rate. Gabe Mashaal of X-Caliber Rural Capital originated the conventional loan on behalf of the developer, Utah-based Reef Capital Partners. New York City-based Highgate will operate Coco Palms upon completion of the redevelopment, which is planned for 2028. The conventional funds are intended to provide construction-through-stabilization financing for up to five years. The C-PACE funds are…

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Marcus & Millichap Brokers Sale of 110-Site RV Park in Bridge City, Texas

Taylor Williams — Mon, 22 Jun 2026 13:51:40 +0000

BRIDGE CITY, TEXAS — Marcus & Millichap has brokered the sale of the 110-site Town & Country RV Park in Bridge City, which is part of the Beaumont-Port Arthur metroplex in East Texas. The property spans 26 acres. Brad Dorsey and Skyler Henderson of Marcus & Millichap represented the seller and procured the buyer, both of which were Texas-based investors that requested anonymity, in the transaction.

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Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming

Matthew Auchincloss — Fri, 19 Jun 2026 12:00:00 +0000

DETROIT — Ilitch Cos., which owns and operates the Detroit Red Wings, the Detroit Tigers, pizza chain Little Caesar’s and Olympia Entertainment, has agreed to acquire Scarlet Pearl Casino Resort in D’Iberville, Miss., as well as the remaining 50 percent ownership interest in Ocean Casino Resort in Atlantic City, N.J. In conjunction, Ilitch Cos. CEO Chris Ilitch has also announced the formation of Ilitch Gaming, a new enterprise that will oversee the company’s gaming businesses, including the two new casinos. Detroit-based Ilitch Cos. also owns MotorCity Casino Hotel, located in Detroit, which will also now come under Ilitch Gaming’s operating umbrella. Scarlet Pearl Casino Resort is a 300-key hotel with a gaming floor containing more than 800 slots and video poker machines and 30 table games. The property also features multiple amenities and a 36-hole miniature golf course. The purchase of Scarlet Pearl Casino Resort marks the third market Ilitch Cos. has expanded into. Ocean Casino Resort features 1,860 rooms with a 135,000-square-foot casino floor, a 4,500-seat concert venue and 160,000 square feet of meeting and convention space. The beachfront property spans than 20 acres and offers proximity to the Atlantic City Boardwalk. In addition, Ocean Casino Resort offers a…

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CooperWynn Capital Arranges Financing for Acquisition, Rebrand of 203-Key Detroit Hotel

Kristin Harlow — Thu, 18 Jun 2026 13:18:50 +0000

DETROIT — CooperWynn Capital has arranged an undisclosed amount of financing, including bridge debt and joint venture equity, for the acquisition and conversion of the 203-key DoubleTree Suites Detroit Downtown Fort Shelby hotel. The borrower is 6PM Hospitality Partners LLC. The property, which is listed on the National Register of Historic Places, will be rebranded as an Embassy Suites by Hilton and will undergo extensive renovations to guestrooms, public spaces, food-and-beverage outlets and meeting spaces. The hotel is expected to reopen later this year as a 204-key, all-suite hotel that will be managed by 6PM Hospitality Partners. The asset was originally constructed in 1917 and designed by renowned Detroit architect Albert Kahn. The hotel underwent a restoration in 2008 in connection with its repositioning under the DoubleTree by Hilton brand, followed by a refresh in 2023.

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MetroNational Buys 244-Room Moran Hotel at CITYCENTRE in West Houston

Taylor Williams — Tue, 16 Jun 2026 15:06:54 +0000

HOUSTON — Local owner-operator MetroNational has purchased the 244-room Moran Hotel within the 47-acre CITYCENTRE mixed-use development in West Houston. The hotel, which recently underwent a renovation, offers accommodations for extended stays, as well as a pool, fitness center, 15,750 square feet of meeting and event space and multiple onsite food-and-beverage establishments. Colby Mueck, Ryan West, Greyson Fewin and Robby Westerfield of JLL represented the seller, Midway, in the transaction. The sales price was not disclosed.

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Sonnenblick-Eichner Arranges $115M Refinancing for La Bahia Hotel & Spa in Santa Cruz

Amy Works — Tue, 16 Jun 2026 14:04:38 +0000

SANTA CRUZ, CALIF. — Sonnenblick-Eichner Co., on behalf of Ensemble Investments, has arranged $115 million in first mortgage debt to refinance La Bahia Hotel & Spa, a newly opened waterfront hotel in Santa Cruz. Madison Realty Capital, working with Newbond Holdings, provided the five-year, floating-rate, nonrecourse loan. Opened in September 2025, La Bahia Hotel & Spa features 155 guestrooms, an indoor-outdoor spa, fitness center, outdoor pool and hot tub, three distinct dining concepts, the Pearl Champagne lobby bar and 13,720 square feet of meeting and event space.

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Newmark Arranges $53M Refinancing for American Hotel Atlanta Downtown

John Nelson — Tue, 16 Jun 2026 14:01:23 +0000

ATLANTA — Newmark has arranged a $53 million loan for the refinancing of The American Hotel Atlanta Downtown, a 315-room hotel located at 160 Ted Turner Drive NW in downtown Atlanta. The property dates back to 1962 as downtown Atlanta’s first integrated hotel and today is affiliated with Hilton’s Tapestry Collection. Chris Kramer, Tyler Dumon, Tate Keir and Jordan Roeschlaub of Newmark arranged the loan through Structured Hotel Capital on behalf of the borrower, locally based The RADCO Cos. The owner recently executed an $11.3 million renovation for The American Hotel Atlanta Downtown’s guestrooms, public spaces, food-and-beverage options and amenities, which includes a fitness center, outdoor pool and 13,300 square feet of event space. The hotel is situated within close proximity to the Georgia World Congress Center, Centennial Olympic Park, Mercedes-Benz Stadium, State Farm Arena, the Georgia Aquarium, College Football Hall of Fame and the World of Coca-Cola.

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Rockspring Nears Completion of 81-Room Hotel, Convenience Store in Marble Falls, Texas

Taylor Williams — Fri, 12 Jun 2026 15:06:24 +0000

MARBLE FALLS, TEXAS — Rockspring is nearing completion of an 81-room Home2 Suites by Hilton hotel, as well as a Rodeo neighborhood convenience store and service station, in Marble Falls, about 50 miles northwest of Austin. Both properties are located within the Texas-based developer’s Panther Hollow Village mixed-use development. In addition, as part of the latest expansionary phase, Learning Path Childcare and Llano National Bank both recently opened branches at Panther Hollow Village.

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Pyramid Global Hospitality Opens 208-Room Dellshire Resort in Wisconsin

Kristin Harlow — Thu, 11 Jun 2026 13:33:41 +0000

WISCONSIN DELLS, WIS. — Pyramid Global Hospitality has opened Dellshire Resort, a 208-room property in Wisconsin Dells within south central Wisconsin. The hotel marks the area’s first new-build resort in more than two decades, according to Pyramid. The medieval-themed property features guestrooms and suites as well as Serpent’s Bay, an indoor-outdoor aquatic complex with five pool and splash experiences, including an adults-only swim-up bar. The tavern-style Blade & Barrel anchors the five food-and-beverage outlets. Hero’s Hall features arcade games and a private party room, while dedicated meeting and event facilities are available for groups and corporate retreats. A 70-foot-long fire-breathing dragon named Golspar welcomes guests at the entrance. Las Vegas-based metal sculptor Kevin Stone created the nearly 17,000-pound structure. The two-story entrance to the property is framed by cathedral-style windows. A compass is inlaid into the lobby floor, and shields are displayed across the stone walls to pay homage to the characters of the Legends of Dellshire Mixed Reality Adventure, the resort’s signature attraction. Dellshire Resort is part of Benchmark Resorts & Hotels, a collection of independent resorts and hotels by Pyramid. Rooms start at $200 per night.

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PEG Cos. Nears Completion of 220-Room Dual‑Branded Hotel in Irving’s Las Colinas District

Taylor Williams — Mon, 08 Jun 2026 14:59:27 +0000

IRVING, TEXAS — PEG Cos., a Utah-based developer, is nearing completion of a 220-room dual-branded hotel in Irving’s Las Colinas district. The five-story building houses rooms under the Residence Inn and Courtyard by Marriott brands and offers shared amenities such as a pool, fitness center, 24-hour market, custom bistro and bar and three private meeting spaces. Mayse & Associates designed the property, and Muckleroy & Falls served as the general contractor. The opening is set for July.

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Hyatt Opens 104-Room Livingston Hotel in Brooklyn

Taylor Williams — Mon, 08 Jun 2026 14:20:02 +0000

NEW YORK CITY — Hyatt Hotels Corp. has opened The Livingston, a 104-room hotel in Brooklyn’s Boerum Hill neighborhood that is part of the Chicago-based hospitality giant’s JdV by Hyatt collection of brands. The pet-friendly hotel offers a range of accommodations, including suites and 15 rooms with private balconies. Amenities include a rooftop terrace and multiple onsite food-and-beverage options. A partnership between St. Louis-based Midas Hospitality and ACRES Capital developed The Livingston.

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Peachtree Group Opens 220-Key Marriott-Branded Hotel in Palmdale, California

Amy Works — Fri, 05 Jun 2026 13:28:58 +0000

PALMDALE, CALIF. — Atlanta-based developer Peachtree Group has opened the 220-key TownePlace Suites by Marriott Palmdale hotel. Located at 39330 Trade Center Drive, the hotel’s suites feature fully equipped kitchens, complimentary Wi-Fi and workspaces. Onsite amenities include complimentary hot breakfast, 24-hour fitness center, outdoor pool, pet-friendly suites, free parking and Marriott Bonvoy digital check-in. Peachtree Group’s hospitality management division will operate the hotel, which is one of the firm’s early EB-5 developments and previously received I-956F approval from U.S. Citizenship & Immigration Services. The EB-5 visa program allows foreign investors to obtain a green card in exchange for making a significant investment in a new commercial enterprise that creates jobs in the United States.

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CBRE Negotiates $7.3M Sale of Boutique Hotel in San Francisco

Amy Works — Thu, 04 Jun 2026 13:29:07 +0000

SAN FRANCISCO — CBRE has negotiated the $7.3 million sale of Sutter Mansion, a boutique hotel located at 1409 Sutter St. in San Francisco’s Japantown/Pacific Heights area. Alex Lee-Bull and Lauren Lamb of CBRE Hotels represented the seller, a partnership between Cape Town and San Francisco-based branded residential and hospitality group Neighbourgood. The buyer was confidential. Originally built in 1881 and renovated in 2019, Sutter Mansion is a Grand Victorian-style estate featuring 12 oversized guestrooms averaging 400 square feet, as well as a restaurant and bar, two commercial kitchens, event space and onsite parking.

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Hilton Launches Undergraduate Brand, Plans to Open More Than 400 Hotels

John Nelson — Wed, 03 Jun 2026 13:53:03 +0000

MCLEAN, VA. — Hilton has launched Undergraduate by Hilton, an upper-midscale hospitality brand designed to serve a range of college and university markets. Hilton’s long-term plans for the brand include growing the pipeline of collegiate-themed hotels to 400 to 500 properties, with the first Undergraduate hotel set to open next year. The model will include both new builds and conversions of hotels near college campuses. Guestrooms will be designed to invoke classrooms with adaptable layouts, study corners and functional storage. Common spaces will include lounges, library-inspired social gathering areas, a barista-led, 24-hour market and a bar program by Authentic Hospitality. Undergraduate joins Hilton’s Lifestyle portfolio of properties, which is projected to grow to 700 hotels globally by 2028, including 60 new openings this year. The brand was created following the success of the Graduate by Hilton brand, which is also part of Hilton’s Lifestyle portfolio.

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Berkadia Brokers Sale of 294-Unit Condominium Hotel in Sunny Isles Beach, Florida

John Nelson — Tue, 02 Jun 2026 13:50:19 +0000

SUNNY ISLES BEACH, FLA. — Berkadia has brokered the sale of Solé Miami, A Noble House Resort, a 294-key condominium hotel located in Sunny Isles Beach, about 20 miles north of downtown Miami. The resort features beach access, a pool, fitness center and a steam room. Christian Charre and Paul Wiemer of Berkadia represented the seller, Mast Capital, in the transaction. South Street Partners acquired the property for an undisclosed price.

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Kraus-Anderson Completes $100M Renovation of 4 Bears Casino & Lodge in North Dakota

Kristin Harlow — Tue, 02 Jun 2026 13:25:36 +0000

NEW TOWN, N.D. — Kraus-Anderson has completed a $100 million, 146,200-square-foot renovation and addition at 4 Bears Casino & Lodge, which is located on the western shore of Lake Sakakawea in New Town. Kraus-Anderson demolished the former two-story hotel and remodeled the existing casino, adding a seven-story, 108,000-square-foot hotel tower with 90 guest rooms. The total room count is now 264. Renovations included extending the existing gaming area and remodeling the 20,271-square-foot restaurant into a sports bar with a dining room and gaming stations. New construction includes a seventh-floor, 2,500-square-foot ballroom, meeting rooms and a fine dining steakhouse. Additions include a new Sakakawea Spa with couples’ massage, a gift shop, fitness room and a hair and nail salon. The project team included Wenaha Group, a Native-owned owner’s representative firm and TBE Architects, a St. Louis-based, Native American-founded design firm. Construction of the new hotel tower began in June 2023.

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Pebblebrook Sells Chamberlain West Hollywood Hotel Near Los Angeles for $43.5M

Amy Works — Mon, 01 Jun 2026 15:25:51 +0000

WEST HOLLYWOOD, CALIF. — Pebblebrook Hotel Trust has completed the disposition of Chamberlain West Hollywood Hotel in West Hollywood. An undisclosed buyer acquired the asset for $43.5 million. Located at 1000 Westmount Drive, Chamberlain West Hollywood Hotel features 115 guest rooms.

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Extended Stay America Opens 104-Room Hotel in Longview, Texas

Taylor Williams — Mon, 01 Jun 2026 15:21:14 +0000

LONGVIEW, TEXAS — Extended Stay America has opened a 104-room hotel in Longview, about 110 miles east of Dallas. Extended Stay America Select Suites – Longview features suites with fully equipped kitchens, including full-size refrigerators, stovetop microwaves and cookware, as well as dedicated work and dining areas. Amenities include a pool, outdoor grilling and dining stations and onsite laundry facilities. CenterPoint Hospitality owns the hotel.

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