Commercial Real Estate Hotel News 
Hotel Buyers Have No Reservations About Extended-Stay Segment
Capital looking to land in the hotel sector is zeroing in on the extended-stay niche as a prime destination....
Michael E. Getzey Takes Reins as Marshall Hotels COO
Marshall Hotels & Resorts Inc. named Michael E. Getzey COO. ...
New Canadian REIT Acquires Lodging Enterprises for $127M
The trust was formed in October to own and acquire American hotel properties....
U.S. Bank, Howard Hughes Corp. Close on $95M Loan for Houston Resort Redevelopment
The project will include the construction of 184 new guestrooms and the renovation of the existing 222 guestrooms, an expanded arrival area, a new 1,000-foot long “lazy river,” 60,000 sq. ft. of revitalized meeting and event space, an updated spa and a new 120-seat steakhouse restaurant....
Ashford Completes $200M Refinancing of Two Hilton Hotels
Ashford Hospitality Trust Inc. refinanced its sole remaining 2013 debt maturity, which was set to mature in August. ...
Authority To Build $400M Chicago Hotel
The hotel will be attached to the 2.6-million-sq.-ft. McCormick Place convention center in downtown Chicago....
RockBridge, Concord Hospitality Acquire Renaissance Meadowlands Hotel for Undisclosed Price
RockBridge Partners, a division of RockBridge, and Concord Hospitality Enterprises have acquired the Renaissance Meadowlands Hotel for an undisclosed purchase price. ...
Pebblebrook Buys San Diego Hotel for $122M
The 25-year-old Embassy Suites San Diego Bay - Downtown was renovated in 2006....
Sunstone Sells Hotel Portfolio for $230M
Sunstone will use proceeds to improve the company’s portfolio quality while strengthening the balance sheet....
First Independent LEED Hotel Brand Gets $1B Funding Plan
M1T Partners recently finalized a preliminary round of funding for Adoba Eco Hotel, the first independent hotel chain to design, build and convert fully LEED-certified hotels. M1T’s $75 million investment is the first round of financing of a five-year, $1 billion plan to expand Adoba on a national basis....
JLL Hotels Secures $215.6M Refinancing for Three-Hotel Portfolio
Jones Lang LaSalle Hotels secured $215.6 million of non-recourse senior mortgage proceeds facilitating the refinancing of a three-property portfolio of hotels owned by a partnership between Ashford Hospitality Trust and Prudential Real Estate Investors. ...
JLL: Convention Center Re-Dos Can Raise Millions for Hotels
A new study by Jones Lang LaSalle of 15 major cities, including Dallas, San Diego, Atlanta and Phoenix, shows that three years after the expansion of a convention center boosts local hotel RevPAR an average of 2.2 percent a year....
Apple REIT Six to Merge with Blackstone Affiliate
Apple REIT Six Inc. has entered into a definitive merger agreement to be acquired by BRE Select Hotels Corp., an affiliate of Blackstone Real Estate Partners VII. ...
New York’s Iconic Plaza Hotel Sale Completed
Sahara India Pariwar, an India-based conglomerate, has completed the purchase of a 75 percent interest in the iconic Plaza Hotel New York from real estate company El Ad U.S. Holdings’ position in the hotel with a total valuation of $575 million. ...
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