Racanelli to construct $16M modern hotel in Ronkonkoma
Racanelli Construction Company, has been named the construction manager for the construction of a new 124 extended stay Homewood Suites in Ronkonkoma, NY. The 102,125
Category : Hotels
Denihanʼs summer ʻexternshipʼ program a big hit
Denihan Hospitality welcomed four certified New York City Department of Education’s Career and Technical Education instructors this summer for a two-week externship program at its
Mack funds Marx hotel recap in Hudson Yards
Meridian Capital Group arranged $88 million in financing for a Marriot hotel site in Hudson Yards on behalf of Marx Development Group (MDG). The 24-month
Cronheim secures loan for airport hotel
Cronheim Hotel Capital (CHC) has secured financing for the acquisition and repositioning of the Westin at BWI Airport. The non-recourse bridge loan funded 72 percent
Debt funds emerge as hotel financing source
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
MCR closes $300M hospitality fund
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.
New Jersey developer nabs East Williamsburg vacant lot for 92-room hotel
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
MRC arranges $16M deal for McSam in Long Island City
Madison Realty Capital (MRC) provided a $16.50 million acquisition and construction financing package collateralized by a partially-constructed hotel development in Long Island City, Queens. The
Airbnb taps security partner for first home-sharing property
In a move that looks to stymie opponents of home-sharing, Airbnb development partner Niido has announced a deal with smart access platform, Latch. In October,
Square Mile acquires $31.8M Moxy Hotel loan
Square Mile Capital Management LLC has acquired a $31.8 million mezzanine loan in face value for financing the development of the future Moxy Hotel at