Real Estate
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Luxury Resort In Washington, D.C. Trades To New Owner
WASHINGTON, DC–JLL’s Hotels & Hospitality Group announced today the completion of the sale of and arranged acquisition financing for the Mandarin Oriental, Washington D.C., a 373-key, luxury resort in Washington, D.C. JLL marketed the hotel on behalf of the seller,…
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Baillie Lodges Expands To South America With Acquisition Of Chile’s Tierra Hotels
Australia-based boutique ultra-luxury hotel platform Baillie Lodges has acquired a majority share in Chile’s esteemed Tierra Hotels (“Tierra”), whose intimate collection includes experiential luxury lodges in three of South America’s most extraordinary wilderness destinations. Adventures abound for guests at Tierra’s…
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‘Best Hotel’ On Long Island’s North Fork: The Menhaden
GREENPORT—What’s the “Best Hotel of the North Fork”? The Menhaden has earned this coveted title from The Northforker®, following its recent Readers’ Choice Awards poll. Owned by Atlantic Equity Partners and managed by Meyer Jabara Hotels (MJH), this stylish, 16-room…
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Receivers From FTI Consulting Appointed To Sell Grand Cayman Hotel
NEW YORK—FTI Consulting (Cayman) Ltd. announced today that David Griffin and Iain Gow have been appointed Receivers of a Grand Cayman hotel, formerly known as the Margaritaville Beach Resort Grand Cayman, by the secured charge holder. FTI Consulting will immediately…
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Marcus & Millichap Arranges The Sale Of 72-room Hospitality Property In San Antonio
NEW BRAUNFELS, TX–Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Wingate by Wyndham New Braunfels, a 72-room hospitality property located in New Braunfels, Texas,…
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Chatham Lodging Trust Announces Sale Of Four Hotels
WEST PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced the closing of the sales of four hotels comprising 537 rooms for…
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Stonehill Ranked Among the Largest Hotel Commercial Real Estate Lenders in U.S.
ATLANTA–Stonehill, a commercial real estate direct lender, announced that it was ranked as the tenth-largest U.S. commercial real estate hotel lender by origination volume based on the 2021 Mortgage Bankers Association (“MBA”) loan origination rankings. In 2021, Stonehill originated $822…
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Luxury Boutique Hotel In Dana Point, CA Secures $9.5M In Financing
DANA POINT, CA––JLL Capital Markets announced today that it has closed $9.5 million in acquisition financing for the Blue Lantern Inn, a 29-key, luxury boutique hotel in Dana Point, California. JLL worked on behalf of the borrower, Ocean Lodging, to…
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CBRE Arranges $72.2M Loan For Acquisition And Renovation Of The Postcard Inn, St. Pete Beach, FL
DALLAS–CBRE has arranged a $72.25 million ($369,000 per key) loan for the $83 million ($423,000 per key) purchase of the Postcard Inn, St. Pete Beach, FL on behalf of a joint venture between hospitality-focused The LCP Group, L.P. (“LCP”), and…
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Stonehill PACE Has Doubled Originations Over The Past Year, Surpassing $300 Million
ATLANTA–Stonehill PACE announced it had completed approximately $150 million in commercial property assessed clean energy (“C-PACE”) loans over the past 12 months for renewable energy and energy-efficient components and seismic retrofitting within the hospitality, multifamily, senior living, industrial and mixed-use…