Johnson & Wales University plans to fully renovate a major residence hall on its Charlotte, N.C. campus to accommodate a mixed-use of housing and student services. The 97,000 square-foot building, currently called “The Maple” and previously managed as the Doubletree…
The Westin Savannah Harbor Golf Resort & Spa has been sold to Hersha Hotels and Resorts, a KSL portfolio company. Brookfield Properties was the seller. Brookfield oversaw an $8 million revamp in 2023. JLL represented Brookfield in the transaction, highlighting…
The Sonesta Extended Stay Hotel in southwest Charlotte was sold to a New York-based nonprofit on Feb. 12 and is reportedly earmarked to become housing for veterans. Marcus & Millichap announced it had brokered the sale, representing the private seller. The announcement…
Development firm Gateway Jax will restore the Ambassador Hotel with the partnership of The Indigo Road Hospitality Group. Gateway Jax, made up of DLP Capital and JWB Real Estate Capital, manages a private equity fund focused exclusively on Downtown Jacksonville development….
Partners Capital bought the Courtyard by Marriott Atlanta Buckhead for $24.25 million. The 181-room hotel is off Peachtree Road in the central business district. The seller was RLJ Lodging Trust. The Buckhead Courtyard, built in 1996, has about 1,500 square feet of…
Hotelier Rajesh Aggarwal is planning to build a hotel on 1407 Division St. adjacent to the Best Western Plus Music Row hotel. The project will include a 191,150-square-foot building with 222 hotel rooms. Aggarwal owns the 1.27-acre property, which includes…
A mystery buyer has apparently agreed to buy $725 million in debt on two of San Francisco’s largest hotels, reported the San Francisco Business Times. The 1,921-key Hilton San Francisco Union Square and 1,024-key Parc 55 San Francisco have been under court-appointed receivership since the fall of…
Reade Hotel Capital paid $57.5 million for Embassy Suites Nashville at Vanderbilt, which the Nashville Business Journal reports is nearly $9 million less than what it sold for a decade ago. The hotel, owned by investment trust Moody National Reit…
Urban Street Development and Berkadia secured $38.5 million in permanent and construction financing to fund the expansion of the Hotel Indigo Tallahassee – CollegeTown. The project at 826 Gaines Street, is near Florida State University. Urban Street recently bought an…
Noble Investment Group will build a four-story, 55,082-square-foot StudioRes by Marriott, an extended-stay hotel with 124 rooms, in the Collins Town Center north of Costco Wholesale. The company expects the project to cost just under $10 million. The brand is Marriott’s…
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