Hospitality

Veeder Hospitality Associates Sells 137-Key Courtyard Billings Hotel in Montana

by Amy Works August 1, 2025

BILLINGS, MONT. — Veeder Hospitality Associates LLC has sold Courtyard Billings, a 137-room leisure and business hotel in Montana, to InterMountain Management for an undisclosed price. Constructed in 2024, the four-story Courtyard Billings offers meeting event spaces, a restaurant and fitness and business centers. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer in the deal. Adam Christofferon of Marcus & Millichap assisted in closing the deal as the broker of record.

August 1, 2025

Hospitality Loans Northeast Pennsylvania

Cronheim Mortgage Arranges $30.3M Loan for Refinancing of Metro Philadelphia Hotel

by Taylor Williams August 1, 2025

KING OF PRUSSIA, PA. — The hotel financing arm of New Jersey-based intermediary Cronheim Mortgage has arranged a $30.3 million loan for the refinancing of a 327-room hotel in King of Prussia, located north of Philadelphia. The hotel is operated under the Alloy Suites banner, which is part of Hilton’s family of brands, and offers amenities such as a fitness center, meeting rooms and an onsite restaurant. Beau Williams and Drew Gilligan of Cronheim arranged the loan on behalf of the borrower, Concord Hospitality. The direct lender and specific loan terms were not disclosed.

August 1, 2025

Acquisitions Hospitality Indiana Midwest

Huff, Niehaus & Associates Arranges Sale of 119-Room Hampton Inn Hotel Near Louisville

by Kristin Harlow August 1, 2025

CLARKSVILLE, IND. — Huff, Niehaus & Associates Inc. has arranged the sale of the 119-room Hampton Inn Louisville-North/Clarksville hotel in Clarksville, a northern suburb of Louisville. The sales price was undisclosed. The property at 1501 Broadway St. is situated near downtown Louisville and the Kentucky International Convention Center. Kingdom Broadway LLC purchased the asset from HHB LLC. The new ownership, which owns eight hotels, plans a comprehensive renovation of the property.

August 1, 2025

Hospitality Loans Midwest Wisconsin

Greysteel Arranges $14.9M Refinancing for Hilton Garden Inn Hotel in Green Bay, Wisconsin

by Kristin Harlow July 30, 2025

GREEN BAY, WIS. — Greysteel has arranged a $14.9 million loan for the refinancing of the Hilton Garden Inn Green Bay, a recently renovated hotel in the heart of the Lambeau Field Stadium District. Developed in 2000 by Beechwood Hotel Group, the select-service property features 125 rooms. Beechwood has owned and operated the asset for more than 20 years. Fox Communities Credit Union provided the floating-rate loan. The refinancing was completed ahead of the property’s CMBS loan maturity.

July 30, 2025

California Hospitality Loans Western

Mesa West Capital Provides $55M Refinancing for Burton House Beverly Hills Hotel in Los Angeles

by Amy Works July 29, 2025

LOS ANGELES — Mesa West Capital has provided an affiliate of Seaview Investors with $55 million in first mortgage debt to refinance Burton House Beverly Hills, a 186-room full-service hotel in West Los Angeles. Eastdil Secured arranged the five-year, nonrecourse financing. Seaview, which has been an investment partner in the hotel since 2003, recently completed a $13.7 million renovation as part of a repositioning under Marriott’s Tribute Portfolio Hotels & Resorts brand. Improvements included the redesign of guest rooms, the development of the Emerald Lounge, a new dining and social concept, updated entrances, a revamped lobby, new fitness center and a 1,100-square-foot yoga and Pilates studio. The refinancing provides the sponsor time to continue driving operating performance under the new brand and to compete with other luxury hotels in the Beverly Hills market, according to Mesa West.

July 29, 2025

Development Hospitality North Carolina Southeast

TMGOC Ventures Delivers 208-Room Moxy Hotel in Uptown Charlotte

by Abby Cox July 28, 2025

CHARLOTTE, N.C. — TMGOC Ventures has delivered the Moxy Charlotte Uptown Hotel, a 208-room boutique hotel located in Uptown Charlotte. The hotel was delivered in collaboration with general contractor BL Harbert International, ODA Architecture and interior designer DLR Group. This hotel marks TMGOC Ventures’ second ground-up Moxy project, as well as its 18th operating hotel in its national portfolio. Lexima Lodging manages the property, which features a 24-hour fitness center, valet parking, a ground-floor Starbucks Coffee shop and nearly 7,000 square feet of flexible event space with indoor-outdoor connectivity and skyline views. Additional communal spaces at the hotel include the Bar Moxy, a rooftop lounge, and various breakout rooms. Moxy is a boutique hotel brand that Marriott International launched in partnership with IKEA.

July 28, 2025

Hospitality Loans New York Northeast

JLL Arranges $54M Loan for Refinancing of Long Island Hotel

by Taylor Williams July 22, 2025

SAG HARBOR, N.Y. — JLL has arranged a $54 million loan for the refinancing of Baron’s Cove, a 67-room boutique hotel located in Sag Harbor on Long Island. Built in the late 1950s and renovated in 2015, the property features lofted suites and amenities such as a saltwater pool, lounge, complimentary bicycles and kayaks, a wellness center, tennis court and onsite food-and-beverage options. Kevin Davis, Mark Fisher, Jillian Mariutti and Connor Medzigian of JLL arranged the three-year, floating-rate loan through funds managed by private equity firm Blue Owl Capital. The borrower, a partnership between Blue Flag Capital and Bain Capital Real Estate, will use a portion of proceeds to fund capital improvements.

July 22, 2025

Hospitality Market Reports Texas Texas Market Reports

Rethinking the Map: Why Houston Has Major Potential for Hospitality Growth

by Taylor Williams July 22, 2025

By Eric Jacobs, chief global growth officer, Aimbridge Hospitality With different verticals and geographic hotspots driving continued travel and performance potential in hospitality properties, investments in these assets should be on the radars of forward-thinking investors. A resilient market that was most recently challenged by the COVID-19 pandemic, the hotel sector continues to be an area of curiosity and consideration for investors looking for their next opportunity. At the start of the year, hotel transaction volume was projected to rise by 15 to 25 percent nationally, according to JLL’s Global Hotel Investment Outlook report for 2025, with institutional capital flowing back into the sector. While this projection hasn’t come to fruition, exploration of hospitality deals is ongoing, and the most prepared investors and developers are keeping a pulse on the markets that will generate returns in the future. Enter Houston. A current standout market and one to watch, the city’s unique demand drivers, performance metrics and positioning within the larger Texas market have created fertile ground for hotel investment. Convention Disruption Brings Opportunity One of the most significant factors behind Houston’s surge today is the simultaneous renovation and expansion of convention centers in Austin, Dallas and Fort Worth. These projects …

July 22, 2025

Acquisitions Florida Hospitality Southeast

Blackstone to Acquire Sunseeker Resort on Charlotte Harbor in Florida for $200M

by Abby Cox July 21, 2025

PUNTA GORDA, FLA. — Blackstone Real Estate has announced plans to acquire Sunseeker Resort on Charlotte Harbor, a 785-room hotel located in Punta Gorda, about 24 miles north of Fort Myers, Fla. Barclays served as financial advisor to the publicly traded seller, Allegiant Travel Co. The transaction is expected to close in the third quarter of 2025. Spanning 22 waterfront acres, the newly constructed Sunseeker Resort offers the choice of Premium Rooms or signature Sunsuites. Amenities include multiple food-and-beverage concepts, two swimming pools, an additional rooftop swimming pool and bar, spa, fitness center, championship golf course and more than 60,000 square feet of combined indoor meeting space.

July 21, 2025

Acquisitions Hospitality Texas

Hunter Hotel Advisors Arranges Sale of 139-Room Hampton Inn & Suites in El Paso

by Taylor Williams July 18, 2025

EL PASO, TEXAS — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 139-room Hampton Inn & Suites El Paso-Airport. The four-story building is located about 1.5 miles from El Paso International Airport and offers amenities such as a fitness center, business center and an outdoor pool. The buyer was Dallas-based Nexgen Management, and the seller was an undisclosed institutional investment firm. Kami Burnette and Mason McDavid of Hunter Hotel Advisors brokered the deal.

July 18, 2025

Newer Posts

Older Posts