Ownership
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DelMonte Hotel Group Acquires Moxy Chattanooga Downtown
DelMonte Hotel Group, an award-winning hotel management and development company headquartered in Rochester, New York, has acquired the Moxy Chattanooga Downtown. Currently located in Chattanooga’s flourishing Southside neighborhood, Moxy Chattanooga Downtown offers ample opportunity to work hard and play hard…
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HREC Arranges Sale of Two Carolina Hampton Inns
HREC Investment Advisors is pleased to announce that it has arranged the sale of the 100-guestroom Hampton Inn & Suites Charlotte-Arrowood Rd. located in Charlotte, North Carolina and the 110-guestroom Hampton Inn Columbia Northeast-Fort Jackson Area located in Columbia, South…
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NewcrestImage & Hospitality Capital Partners Acquire 11 Hotels Across 7 States
A joint venture of NewcrestImage and Hospitality Capital Partners (HCP) has completed acquisition of 11 hotels in seven states with a total of 1,551 rooms in a transaction handled by Al Calhoun and Mark Fair at CBRE in Atlanta. The…
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Sale of Two Marriott Branded Hotels along the Hudson River Closes
JLL’s Hotels & Hospitality Group announced today that it has closed the sale of two Marriott brand hotels totaling 372 keys along the Hudson River in Weehawken, New Jersey. JLL represented the seller, Veris Residential, in the all-equity sale to…
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HREC Arranges Sale of the Hampton Inn Cadillac in Michigan
HREC Investment Advisors has announced it has arranged the sale of the 111-guestroom Hampton Inn Cadillac located in Cadillac, Michigan. HREC Investment Advisors exclusively represented Kushman Hotels Group on this transaction. The marketing and negotiations were led by Scott Kaniewski…
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Sale of Extended-Stay Hotel in Aspen Closes
JLL’s Hotels & Hospitality Group announced today that it closed the sale of the Element Basalt Aspen, a 113-key extended-stay hotel in Basalt near Aspen, Colorado. JLL represented the seller, Silverwest Hotels, LLC, and its partners and procured the buyer.…