More Hospitality Stories
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Latest Atlanta & Southeast Hospitality Stories
White Lodging will break ground this month on a new Autograph Collection (Marriott) hotel in Charlotte’s South End neighborhood, marking the company’s fifth Autograph property in its national portfolio of more than 60 hotels. Situated at the intersection of South Tryon Street and Bland Street, the project is the first full-service hotel in the South …
Latest Boston & New England Hospitality Stories
Rockland Trust financed the acquisition of Indian Pond Country Club (IPCC), a private championship golf club in Kingston, MA. The buyer, Bobby Palma, is a Kingston native, longtime IPCC member and South Shore entrepreneur with deep ties to the region. The Boston Business Journal reported the sale price as $12 million. “IPCC has been a special …
Massachusetts Gov. Maura Healey announced $93 million in new capital investments for Springfield’s MassMutual Center over the next five years. The commitment represents the largest investment in the facility’s history, according to the governor’s office. The improvements will modernize the arena and convention center, enhance accessibility and safety, improve the visitor experience, support the Springfield Thunderbirds, …
Latest California Hospitality Stories
Brixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination. La La Land will occupy 1,168 square feet of interior space, with additional sitting and queueing space extending …
Talonvest Capital closed a $105,000,000 refinancing for a two-hotel campus in Sunnyvale on behalf of K1 Dev, LLC, an entity controlled by T2 Hospitality, a vertically integrated hospitality real estate investment and development company. The properties include the 186-key TETRA Hotel, Autograph Collection, and the 164-key AC Hotel by Marriott Sunnyvale Moffett Park. The refinancing consists …
Latest Chicago & Midwest Hospitality Stories
RPM Raceway, an immersive racing and entertainment destination, plans to open its first Midwest location in the Chicago area. The new location is set to open at Brookfield’s Oakbrook Center in Oak Brook, Illinois. The 90,000-square-foot space will transform the former Sony Pictures Entertainment venue, marking RPM Raceway’s fifth location nationwide and its first in …
Northwestern University has offered the first extended look inside the nearly completed Ryan Field, with tours of the stadium months before the Wildcats officially return home. The transformation of the privately funded, 35,000-seat campus stadium is scheduled to open this season. The $875 million venue includes a newly installed turf playing surface, and the university …
Latest Florida & Gulf Coast Hospitality Stories
Broward County has submitted plans that could transform the 154-acre area surrounding the Florida Panthers’ home into a massive 24/7 mixed-use destination in Sunrise. The Panthers say they’re in the early stages of discussions with Broward County and Sunrise. A Sunrise City Commission will consider the proposal next week. The proposal could include 1,400 apartments, …
Trinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott Investment Management. Trinity asserts the sale represents the largest …
Latest Global Hospitality Stories
Grupo Satli, together with Marriott International and Aimbridge Hospitality, has launched an international project in Riviera Maya (Mexico), further strengthening the positioning of the three companies in the all-inclusive resort segment. The 980-key resort will be developed by Grupo Satli and operated by Aimbridge’s specialized All-Inclusive Division. The property is expected to initially operate as …
Newmark has bolstered its UK Leisure practice with the appointments of Carys Chandler and Leo Llewellyn, joining as partner and associate, respectively. Their arrival follows the recent appointment of Richard Baldwin as a partner in Leeds. Chandler is recognized as a leading specialist in the caravan park sector, according to Newmark. She brings extensive experience in valuing …
Latest National Hospitality Stories
Recent bankruptcies in the U.S. gaming, leisure, lodging, and restaurant (GLLR) sector reflect elevated leverage, higher borrowing costs, persistent cost inflation and softer discretionary consumer spending, Fitch Ratings reported. Pressures have been most acute for highly leveraged companies, particularly those serving more budget-constrained consumers. Leveraged loan default activity in GLLR increased between 2022 and 2024 …
A Marcus & Millichap video examines how inflation and energy prices might impact hotels this summer. The Bank of America Institute’s “Summer Travel 2026” outlook indicated that summer plans are continuing despite higher oil and gas prices. Thirty percent of respondents said that higher gas prices won’t change travel plans, while others might take fewer …
Latest New York & Tri-State Hospitality Stories
A CBRE team led by Matthew Klauer advised Kensico Properties on the refinancing of The Lowell Hotel, the 74-key luxury boutique hotel located on Manhattan’s Upper East Side. Blue Owl Capital has provided a $106-million senior loan replacing the existing debt on the lodging property at 28 E. 63rd St., which has been owned and …
Resorts World New York City broke ground on Phase Two of its $5.5-billion resort less than three months after the property’s grand opening and a day after unveiling 1,400 new slot machines. The expansion will add two million square feet of new gaming, entertainment, dining, retail and convention space to the existing one-million-square-foot property. “In less than …
Latest Phoenix & Southwest Hospitality Stories
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix Downtown. Arizona Center was built in the early 1990s but has fallen into …
A few months ago, the Denver Broncos revealed that they had chosen Burnham Yard as their new stadium site. The team has now released renderings of what the site will look like once the one-time rail yard is converted into a mixed-use development. Below, the 58-acre former turntable at the former railyard sits at the …
Latest Seattle & Northwest Hospitality Stories
Cushman & Wakefield has arranged a $107 million refinancing for 255 South King Street, a mixed-use property located in Seattle. Dave Karson, Chris Moyer and Chris Meloni of Cushman & Wakefield arranged the transaction on behalf of an affiliate of Steinhauer Properties, the borrower. Stoneway Capital originated the loan on behalf of Ardent Capital Management. …
Seattle Chamber Music Society (SCMS) announced plans to build a new Center for Chamber Music in downtown Seattle—the city’s first permanent venue designed exclusively for chamber music performance, education, recording, and community engagement. Located within the newly refreshed U.S. Bank Center building on 6th & Union at the heart of Seattle’s arts ecosystem, the new …
Latest Texas Hospitality Stories
Delightful Development Co. and Woodbine Development Co are joining forces on a $160 million luxury resort fronting Main Street and 23rd Street in the Ft. Worth Stockyards. The project, situated on 3+ acres, includes 225 rooms and suites across two independently positioned luxury hotels, both sharing a subterranean parking garage. The project will feature: Both …
The DFW Airport already owns the Grand Hyatt DFW, Hyatt Place DFW and Hyatt House, which is under construction and slated to open in summer 2027. It’s now eyeing a fourth Hyatt hotel property. DFW Airport’s Public Facility Improvement Corp. board recently approved the purchase of Hyatt Regency DFW International Airport, located next to Terminal C. …
Latest Washington DC & Mid-Atlantic Hospitality Stories
Trout Daniel & Associates (TD&A) announced that Baltimore’s 8 x 10 live music venue has sold. Long-time property owner Dave Rather, along with club operators Brian Shupe and Abigail Janssens, have collaborated to sell the property and business, respectively, to Pennsylvania-based Rising Sun Presents, the live music entertainment group headed up by Chris Perella. Rather …
Cushman & Wakefield has represented Hotel Harrington, Inc. in its sale of the former Hotel Harrington, a redevelopment opportunity located at 436 11th Street NW in the heart of downtown Washington, D.C. The transaction marks the first sale of the property in approximately 110 years. Cushman & Wakefield’s Marc Magazine, William Collins, Shaun Weinberg and …


























