Marx signs Snow Phipps in move to become office world’s soul proprietor
Marx Realty (MNPP) is set to welcome private equity firm Snow Phipps to 545 Madison, the 18-story Plaza District tower where Marx is attempting to
Tag : hospitality
Colony exits hospitality sector with $2.7 sale to Highgate, Cerberus
Colony Capital has closed on its $2.7 billion sale of its six hospitality portfolios to Highgate and an affiliate of Cerberus Capital Management. The transaction
Iconic Hudson Hotel sold
Greenwich, CT-based Eldridge has acquired the iconic Hudson Hotel in midtown, along with the Delano South Beach in Miami. A holding company with network of
Digital nomads, free-range travelers setting new course for hospitality sector
By Pam Knudsen As the world struggles to control the spread of Covid-19, the travel and lodging sectors continue to navigate the unprecedented turbulence and
French owners bid au revoir to The Broome Hotel
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
Hotel developers enjoy a boom in the Big Apple
Developers are set to open 61 new hotels to the New york City market next year as the sector continues to experience a construction boom.
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
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.
Holliday Fenoglio Fowler arranges $126M refinancing of Mondrian Park Avenue
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 on behalf