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Ex-Holiday Inns boss to lead new $500M hotel fund
07
New York-based real estate investment firm Olive Tree Holdings announced the launch of Olive Tree Hotels & Resorts, a fully integrated hospitality
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$600M Fontainebleau deal leads list of biggest 2017 hotel sales
07
With construction activity firing on all cylinders in all the major markets in the U.S., concentrated mainly in the office, multifamily and industrial
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Airbnb taps security partner for first home-sharing property
07
In a move that looks to stymie opponents of home-sharing, Airbnb development partner Niido has announced a deal with smart access platform, Latch.
Deals & Dealmakers
Hotel giant HWE hires two more New York veterans for sales expansion
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Hodges Ward Elliott (HWE) has hired two more New York City industry veterans as it continues its push into the investment sales sector. Paul Gillen has
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French owners bid au revoir to The Broome Hotel
06
One of Soho’s most popular boutique hotels is going up for sale. Adelaide Polsinelli, a vice chairman at Compass, has been tapped to market the 14-room
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Hotel sector rethinks valuation as short-term rentals crowd market
08
The short-term rental industry will expand to roughly 650,000 actively rented units in the U.S. this year, equal to 12.2 percent of the country’s hotel-room
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Holliday Fenoglio Fowler arranges $126M refinancing of Mondrian Park Avenue
06
Holliday Fenoglio Fowler announced the $126.57 million refinancing of the Mondrian Park Avenue, a 190-room, luxury hotel in Manhattan. The HFF team worked
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Hotel developers enjoy a boom in the Big Apple
07
The new Margaritavile Resort at 560 Seventh Avenue near Times Square is among the new batch of hotels coming to NYC next year. The 29-story building at
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Hospitality upstart Selina adds two more New York locations
08
Selina, one of Fast Company’s 2019 Most Innovative Companies, announced a second New York City location and a Woodstock, New York retreat, accelerating
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Mack funds Marx hotel recap in Hudson Yards
07
Meridian Capital Group arranged $88 million in financing for a Marriot hotel site in Hudson Yards on behalf of Marx Development Group (MDG).
Featured
Shelters are costing home owners
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It’s official. Having a homeless shelter near a residential property can reduce the sale price of those properties by 7.1 percent, a study by the city’s
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Cronheim secures loan for airport hotel
07
Cronheim Hotel Capital (CHC) has secured financing for the acquisition and repositioning of the Westin at BWI Airport. The non-recourse bridge loan funded