Camino Real Plans Major Investments in 6 Mexico Properties

The DJIA took another tumble Friday, down another 476 points while the Nasdaq was down 267, the S&P 500 fell 76 points but the 10-year treasury yield finally was hit with gravity, down .08 to 4.50%. Lodging stocks were lower but the only real mover was to the upside with SOND up 21%. New lows were hit by SOHO and VCSA.

RC Nashville Development Partners LLC has foreclosed on the 1.21-acre site on Korean Veterans Boulevard in Nashville, Tennessee. The site's lender, R Squared Properties LLC, gained ownership of the property at a foreclosure sale. The company purchased the land for $35 million through a credit bid, which allows a lender to bid the amount they are owed on a property. R Square Properties was the highest and best bidder. The downtown property was slated for a Ritz-Carlton hotel of which the status remains unclear.

Canalta Hotels announced the opening of Moxy Banff in Banff, Alberta, Canada. Formerly Banff's first commercial motor hotel, Moxy Banff boasts 109 rooms, and a variety of dining options including Bar Moxy, a year-round heated courtyard with two hot tubs, a two-in-one lobby and lounge, and a fitness center.

Three Waters Resort & Marina, a Tribute Portfolio Resort in the Florida Keys, will open in the Fall of 2024. This new upscale resort will become the crown jewel of the Islamorada Resort Collection, which also includes the Amara Cay Resort and Las Siesta Resort & Villas. Three Waters Resort & Marina spans 15 acres of oceanfront property and will feature 216 guestrooms, nine distinct new dining concepts, and a Rum Library. The new resort will also feature The Cove, an adult-centric, resort-within-a-resort, boasting island-inspired guestrooms and suites with only king beds, a private beach lagoon, and the resort's Wave Motion Studio.

Heart of America Group has reconstructed a DoubleTree Hotel near Des Moines International Airport, in Des Moines, Iowa, into a Hilton Garden Inn.

The Mandarin Oriental Hotel and Residences in Boca Raton, Florida is expected to open in 2025 after an eight-year delay. Penn-Florida Companieswas hired to develop the branded hotel and residence in Via Mizner, the city's upscale mixed-use development. The Mandarin Orien