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Hotels join NYC carbon challenge
05
With hotels filled to capacity as families celebrate the holiday season in New York City, Mayor Bill de Blasio announced that 16 hotels are joining the
Hotels
Marcus & Millichap Arranges the Sale of a 40-Room Hospitality Property
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 Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory
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MCR tops out first TWA Hotel structure at JFK Airport
06
MCR, the seventh-largest hotel owner-operator in the U.S., joined hundreds of construction workers at John F. Kennedy International Airport to top out
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Owner dodges hotels regulations with ‘extended stay’ moniker
06
By Sabina Mollot Hotel 17, the Stuyvesant Square budget hotel that closed in April due to zoning issues, has recently reinvented itself as an extended stay hotel.
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Hersha closes on $570M hotel venture
05
Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, has closed on the joint venture for seven of the Company’s premium limited
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MCR closes $300M hospitality fund
07
MCR, the seventh largest hotel owner-operator in the United States, has closed a $300 million fund that should give it $1 billion in purchasing capacity.
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Debt funds emerge as hotel financing source
07
Debt funds are emerging as a major source of financing for hotels in the U.S. The sector is taking prominence as other lenders with significant existing
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Mission Capital arranges $42M loan for Torchlight Investors hotel venture
05
Mission Capital Advisors announced that its Debt & Equity Finance team arranged a $42 million, non-recourse ramp loan for the Sheraton Bay Point Resort
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Online booking fees keeping some hotel investors on the sidelines
06
Independent hotels continue to gain ground against the Marriotts and Hiltons of the world. However, some investors remain on the sidelines, skeptical of
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New Jersey developer nabs East Williamsburg vacant lot for 92-room hotel
05
A New Jersey developer has acquired a vacant lot in East Williamsburg where he plans to build a 92-key hotel. Nehalkumar Gandhi purchased a 99-year ground
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Sam Chang lands $121M loan for 45-story Chelsea hotel
05
Eastern Consolidated’s Capital Advisory Division has arranged a debt and equity package totaling $121.35 million to finance the construction of a 45-story
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MRC arranges $16M deal for McSam in Long Island City
05
Madison Realty Capital (MRC) provided a $16.50 million acquisition and construction financing package collateralized by a partially-constructed hotel development