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Arriba Capital closes $52.5M construction loan for Houston hotel

Hotel Business

Arriba Capital recently closed a $52.5 million ground-up construction loan for a Holiday Inn Express and Staybridge Suites dual-brand property in the central business district (CBD) of Houston. The post Arriba Capital closes $52.5M construction loan for Houston hotel appeared first on hotelbusiness.com.

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JLL closes $55M sale of six Hyatt Place hotels

Hotel Business

JLL ’s Hotels & Hospitality Group has closed the $55-million sale of six Hyatt Place-branded select-service hotels totaling 754-keys across the Southeast, Texas and Kansas. Each hotel was constructed between 1995 and 1997 and features 126 guestrooms, except for the hotel in Georgia which has 124 rooms.

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McNeill opens TownePlace Suites Memphis Germantown

Hotel Business

It is close to Germantown Performing Arts Center, Municipal Park and The Great Hall conference center, as well as Methodist Le Bonheur Germantown Hospital. The five-story, 111-room hotel features a restaurant and rooftop bar, a fitness center, an indoor pool and 6,000 sq. of ground-floor retail.

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Quest opens new-build hotel in billion-dollar Sutherland Shire precinct

Hotel Management

Located within Woolooware Bay Town Centre – a precinct that includes a shopping centre, waterfront parklands, a shared pedestrian/cycle path, outdoor fitness zones and children’s playground – Quest Woolooware Bay is close to the ocean, golf courses and PointsBet Stadium.

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McNeill opens TownePlace Suites Memphis Germantown

Hotel Business

The developer paid special attention to both indoor and outdoor detailing during the hotel’s design and construction, which includes the signature use of brick and limestone on the exterior—a distinctive feature of Thornwood properties. Living, dining, shopping, lodging and the arts are all close to home.”

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Driftwood Capital secures $60.5M for Missouri Margaritaville

Hotel Business

To accommodate strong demand and position the resort for future growth, we recently completed the construction of 26 additional guestrooms. The resort features comprehensive leisure amenities including its marina, golf course, indoor waterpark, spa, seven dining outlets and more than 75,000 sq. of indoor meeting space.

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Apple Hospitality REIT acquires Las Vegas SpringHill Suites

Hotel Business

The property is located near the gaming, dining and entertainment venues of the Las Vegas Strip, as well as Allegiant Stadium, T-Mobile Arena, MGM Grand Garden Arena and Las Vegas Ballpark. million with an expected 260 rooms, which Apple Hospitality anticipates acquiring in mid-2024 following completion of construction.