Hotels
Denihanʼs summer ʻexternshipʼ program a big hit
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Denihan Hospitality welcomed four certified New York City Department of Education’s Career and Technical Education instructors this summer for a two-week
Hotels
Racanelli to construct $16M modern hotel in Ronkonkoma
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Racanelli Construction Company, has been named the construction manager for the construction of a new 124 extended stay Homewood Suites in Ronkonkoma, NY.
Retail
Renaissance Hotels to flag 1.2M s/f Tangram development in Flushing
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SCG America and F&T Group  announced that Renaissance Hotels has been selected as the brand flag for the 208-key hotel within Tangram, their 1.
Construction & Design
$600M Fontainebleau deal leads list of biggest 2017 hotel sales
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With construction activity firing on all cylinders in all the major markets in the U.S., concentrated mainly in the office, multifamily and industrial
Deals & Dealmakers
New York investment sales continue to tumble
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Investment sales remain on the decline in New York City, dropping below $17 billion during the second half of last year. Total consideration dropped by
Debt & Equity
Holliday Fenoglio Fowler arranges $126M refinancing of Mondrian Park Avenue
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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
Hotels
Owner dodges hotels regulations with ‘extended stay’ moniker
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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.
Debt & Equity
Mission Capital arranges $19M for extended stay hotels
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Mission Capital Advisors Debt and Equity Finance Group arranged $19.25 in non-recourse, floating-rate financing for the acquisition of a portfolio of extended-stay
Debt & Equity
Mission Capital arranges $42M loan for Torchlight Investors hotel venture
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Mission Capital Advisors announced that its Debt & Equity Finance team arranged a $42 million, non-recourse ramp loan for the Sheraton Bay Point Resort
Deals & Dealmakers
JMH ditches Long Island City hotels, now eyes mixed-use apartment building
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JMH Development has abandoned its plan to build a five-story, 289-key luxury hotel project in Long Island City. Instead, it will use the same property
Debt & Equity
Sam Chang lands $121M loan for 45-story Chelsea hotel
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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
Deals & Dealmakers
New Jersey developer nabs East Williamsburg vacant lot for 92-room hotel
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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