Kevin Davis named JLL Americas CEO, Hotels & Hospitality
JLL announced today that Senior Managing Director Kevin M. Davis has been named Americas CEO of its Hotels & Hospitality division. Davis, who leads JLL’s Hotel...
Tag : hospitality
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...
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....