Hospitality

CDC Houston Completes Renovation of Two Hotels Totaling 253 Rooms at City Place

by Taylor Williams October 1, 2025

HOUSTON — CDC Houston, a subsidiary of New York City-based Coventry Development Corp., has completed the renovation of two hotels totaling 253 rooms within City Place, a 2,000-acre mixed-use development on the city’s north side. The 128-room Residence Inn Houston City Place, which opened in 2015, now features a redesigned lobby and public spaces with modern seating and improved lighting, as well as contemporary guestroom furnishings. The 125-room Courtyard Houston City Place, which opened in 2016, now features plush seating throughout guestrooms and public areas. Between them, the hotels offer multiple pools and fitness center, as well as meeting and event spaces and onsite dining options.

October 1, 2025

Development Georgia Hospitality Mixed-Use Retail Southeast

Selig Sells 45 Acres at LaGrange Mixed-Use Campus for Georgia’s First Professional Cricket Stadium

by John Nelson September 30, 2025

LAGRANGE, GA. — Selig Enterprises has sold 45 acres at Sola, the Atlanta-based company’s 180-acre mixed-use campus in LaGrange. The buyer, the founders of DAS Cricket Academy and NJ Blackcaps in New Jersey, plan to develop Georgia’s first professional cricket stadium on the site. The LaGrange Cricket Stadium will be the first privately owned cricket stadium in the United States and the fourth cricket stadium in the country. The open-air stadium will break ground this fall and is slated to be completed in the first quarter of 2027. The project will have 10,500 seats, expandable to 25,000, and be designed to International Cricket Council regulations. The stadium will also have a FIFA-regulated soccer field and host various events. Additionally, a hotel with a sports-focused food-and-beverage program is planned on the 45-acre site, complementing the Marriott hotel currently under construction within Sola that Noble Investment Group is developing, as well as the Great Wolf Lodge resort that is situated on the northern end of the Sola campus. Selig plans to add offices, apartments, single-family homes and 150,000 square feet of retail at the Sola development in the near future.

September 30, 2025

Hospitality Loans New Jersey Northeast

Cronheim Mortgage Arranges $19.5M Acquisition Loan for Hotel in Wayne, New Jersey

by Taylor Williams September 30, 2025

WAYNE, N.J. — The hospitality affiliate of locally based financial intermediary Cronheim Mortgage has arranged a $19.5 million acquisition loan for the Home2 Suites by Hilton hotel in Wayne, located in Northern New Jersey. The hotel was built in 2020. The room count was not disclosed. Amenities include an indoor pool, fitness center, complimentary hot breakfast and an onsite restaurant. Cronheim arranged the five-year, floating-rate loan on behalf of the borrower, hospitality owner-operator Spark GHC. The direct lender was also not disclosed.

September 30, 2025

Development Hospitality Mixed-Use Nevada Restaurant Retail Top Stories Western

Bally’s Unveils Plans for 35-Acre Entertainment Resort Destination on Las Vegas Strip

by John Nelson September 30, 2025

LAS VEGAS — Bally’s Corp. (NYSE: BALY) has announced plans for Bally’s Las Vegas, an entertainment resort destination planned on the 35-acre site of the former Tropicana Las Vegas hotel and casino. The casino and sports entertainment operator is partnering with JLL and Marnell Cos. on the development, which is being submitted to Clark County for entitlements. Bally’s Las Vegas will share the site with the new Las Vegas Athletics Major League Baseball ballpark, a move by the Oakland Athletics that was announced and approved in 2023. Bally’s expects construction at Bally’s Las Vegas to begin in the first half of 2026. “Bally’s Las Vegas represents a once-in-a-generation opportunity to redefine the heart of the Strip,” says Soo Kim, chairman of the board of directors at Bally’s. “With world-class partners like JLL and Marnell, and with the arrival of Major League Baseball, we are not just building an integrated resort. We are creating a landmark destination that unites sports, entertainment, dining and hospitality on a scale only Las Vegas can deliver.” Plans for Bally’s Las Vegas include two luxury hotel towers totaling 3,000 rooms, an entertainment venue with a seating capacity of 2,500 and more than 500,000 square feet of …

September 30, 2025

Colorado Development Hospitality Loans Western

Merrimac Ventures, Fort Partners Break Ground on $1B Four Seasons Resort and Residences Telluride in Colorado

by Amy Works September 29, 2025

MOUNTAIN VILLAGE, COLO. — Merrimac Ventures and Fort Partners have broken ground on the $1 billion Four Seasons Resort and Residences Telluride and closed on a construction financing package for the project. Slated for completion in 2028, construction is underway and more than 30 percent of the property’s inventory is already sold. Situated on 4.4 acres in Mountain Village, the project is backed by the successful closing on the land and a $417 million construction loan from J.P. Morgan, with additional financing from CanAm Enterprises. Merrimac and Fort Partners worked with the Town of Mountain Village, Telluride Ski and Golf and TMVOA to secure the land and bring the project to life. The development will feature 26 private residences ranging from two to five bedrooms, 43 hotel residences ranging from one to four bedrooms and 52 hotel guest rooms. Residences will offer floor-to-ceiling windows, terraces and in-home oxygenation systems. Penthouses will offer private terraces and outdoor spa pools. Resort amenities will include ski-in/ski-out access, ski valet and private lockers, a fitness center, spa and recovery center, an indoor lap pool, an outdoor hot tub, underground parking and a private residents’ club. The project team includes Olson Kundig as architect and Clements …

September 29, 2025

Civic Development Hospitality New York Northeast

Slate, Evenhar Break Ground on Medical Office, Civic Facility in Upper Manhattan

by Taylor Williams September 25, 2025

NEW YORK CITY — A partnership between Slate Property Group and Evenhar Development Corp. has broken ground on a medical office and civic facility at 1578 Lexington Ave. in Upper Manhattan’s Carnegie Hill neighborhood. Designed by Kutnicki Bernstein Architects, the 13-story building will feature 150,000 square feet of medical office space that will be occupied by providers within the Mount Sinai Health System. In addition, the facility will feature an employee daycare center, an 18,978-square-foot community hub that will be operated by Children’s Aid and a new facility for Life Changers Church. Financing for the project includes a $119 million construction loan from J.P. Morgan and a $40 million preferred equity investment by GoldenTree Asset Management. Occupancy is slated for spring 2028.

September 25, 2025

Development Hospitality Texas

Extended Stay America Opens 124-Room Hotel in Kyle, Texas

by Taylor Williams September 24, 2025

KYLE, TEXAS — Extended Stay America has opened a 124-room hotel in Kyle, located roughly midway between Austin and San Antonio. Extended Stay will operate the hotel under its Premier Suites brand. Houston-based Provident Realty Advisors developed the four-story hotel, which offers complimentary breakfast, onsite guest laundry services, a 24-hour fitness room and additional vending options in the lobby.

September 24, 2025

Acquisitions Hospitality Massachusetts Northeast

JLL Brokers Sale of 80-Room Boxer Hotel in Boston’s West End

by Taylor Williams September 23, 2025

BOSTON — JLL has brokered the sale of the 80-room Boxer Hotel located at 107 Merrimac St. in Boston’s West End. The nine-story hotel was originally built in 1904 and last renovated in 2013. Additional upgrades to certain common areas and amenity spaces were completed in 2020. Amenities include a fitness center, bike rental program and an onsite restaurant and bar. Alan Suzuki, Matthew Enright and Emily Zhang of JLL represented the seller, Hersha Hotels & Resorts, in the transaction. The buyer was Eurostars Hotel Co.

September 23, 2025

Acquisitions Hospitality Southeast Tennessee

Hunter Hotel Advisors Facilitates Sale of 131-Room Courtyard by Marriott Hotel in Collierville, Tennessee

by Abby Cox September 23, 2025

COLLIERVILLE, TENN. — Hunter Hotel Advisors has negotiated the sale of the 131-room Courtyard by Marriott Memphis Collierville hotel located within the Carriage Crossing lifestyle shopping center in Collierville. Tim Osborne and Adeel Amin of Hunter facilitated the transaction and secured a $8.7 million bridge loan on behalf of the buyer, a Texas-based investor. The seller was an entity doing business as Southern Hospitality LLC. Situated near the FedEx World Technology Center, the four-story hotel includes 1,624 square feet of meeting space, an indoor swimming pool, fitness center and a full-service restaurant called The Bistro.

September 23, 2025

Development Features Hospitality Retail

Healthcare-Adjacent Retail Development Taps Into Underserved Customer Bases

by Abby Cox September 23, 2025

By Sean Slater, senior principal, RDC Architecture & Planning In today’s evolving retail landscape, one of the most promising — and often overlooked — opportunities lies in the land surrounding our nation’s hospitals and medical centers. As healthcare systems continue to expand and consolidate, savvy development executives recognize the immense potential of strategically positioning retail properties in locations that are adjacent to major medical facilities. Doing so combines consistent foot traffic, demographic advantages and an urgent need for community-focused amenities. This was the scenario that RDC’s placemaking design team faced at the Texas Medical Center’s (TMC) new TMC3 research and development campus south of the massive healthcare cluster near downtown Houston. On any given day at that sprawling site, more than 100,000 people — about the seating capacity of the Los Angeles Memorial Coliseum — come to work, while 27,400 patients visit one of the 21 associated hospitals. Many of them are international visitors staying at local hotels with significant downtime. Kristen Kupperman, TMC’s vice president of design, construction and facilities, introduced RDC’s design team to this problem, saying that there are 80,000 women who work at TMC every day, yet there is nowhere to get a manicure and nowhere …

September 23, 2025

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