Portman Closes $540 Million in Financing for Cincinnati Downtown Marriott
Portman closed on $540 million in financing to build a 700-room Marriott in downtown Cincinnati. Plus, other hotel development news.
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Las Vegas' Gold Spike Hotel Sells for $11.38 Million
The Gold Spike hotel and nightlife complex in Las Vegas has changed hands. Plus, more hotel deal and development news.
Kimpton Opens New Hotel in Midtown Manhattan
The Kimpton Ashbel New York-Park Avenue is now open at 70 Park Avenue in Midtown Manhattan. Plus, more hotel deal and development news.
Marriott and Hilton Stocks Hit Record Highs
Invel Real Estate secured a EUR 65 million UniCredit facility to expand its Yellow Square hybrid-hotel brand across Italian cities. Plus, more hotel deal and development news.
World's Largest Marriott Gets a Renovation
Orlando World Center Marriott completed a renovation of its Grand Ballroom spanning more than 36,000 square feet of event space. Plus, more hotel deal and development news.
Wyndham Passes 100 Hotels in Mexico
Wyndham surpassed 100 hotels in Mexico, a $500 million InterContinental breaks ground in Orlando, and more hotel deal and development news.
Ritz-Carlton Central Park South Sold for $320 Million
Gencom acquired the 253-key Ritz-Carlton Central Park South for roughly $320M. Plus, more hotel deal and development news.
Goldman Sachs to Raise $500 Million for Japan Hotel Fund
Goldman Sachs launched a $500 million Japan-focused fund targeting hotels and other assets, with plans to close by the end of March. Plus, more hotel deal and development news.
Marriott Reaches 100 Signed Agreements for City Express by Marriott Properties
City Express by Marriott has reached 100 signed agreements in the U.S. and Canada. Plus, more hotel deal and development news.
Two Large San Francisco Hotels Could Be Sold Soon
The 1,921-room Hilton Union Square, the city’s largest hotel, and the 1,024-room Parc 55 are expected to be sold to an unidentified buyer. Plus more hotel and development news.