Category: Hospitality

Fishkill, NY Cherko Fusco Realty brokered the sale of the Hampton Inn Fishkill, a renovated, 98-key hotel located at 544 Rte. 9. Built in 1998, the four-story Hampton Inn provides the new ownership

Mt. Arlington, NJ Cronheim Hotel Capital (CHC) has secured $13.5 million to refinance the Courtyard Rockaway Mt. Arlington. The sponsor, Opal Hotels, purchased the property in 2019 and executed an extensive renovation to modernize and improve

Manhattan, NY Gardiner & Theobald (G&T) has appointed Pavan Thaker as partner, with a mandate to grow the firm’s hospitality business, including hotels, restaurants, resorts, and private members’ clubs, across North America.

Stony Brook, NY Ronald McDonald House Long Island has commenced construction on the new $34 million Ronald McDonald House at Stony Brook Children’s Hospital, marking a major milestone in the

Amherst, NY Jack Phillips of Largo Real Estate Advisors, Inc. arranged a $25 million loan on a select-service hotel. A portion of the funds went to refinance the existing debt, and the balance to

Manhattan, NY Jake Logsdon has joined Adirondack Capital Partners (ACP) as senior director, a strategic hire that expands the firm’s hospitality capital markets platform while further

Auburn, NY Arjun Arora of Largo Real Estate Advisors, Inc., arranged a $3 million refinance for a 47-room hotel. The property is well-positioned in downtown along two major roadways, NY-5 and US Rte. 20, providing convenient access throughout the surrounding region.

Bay Harbor Islands, FL Cronheim Hotel Capital has arranged $5 million in financing for the Grand Beach Hotel, a 96-suite luxury  property. Brandon Szwalbenest, Dev Morris, and Andrew Stewart

For years, developers, hotel owners, luxury brands, and investors operated under a simple assumption: there would always be another wealthy customer.

Ithaca, NY TAYLOR, a regional commercial general contractor, was awarded the contract for a Comfort Inn and Suites. TAYLOR is teaming with local hoteliers, Ahir & Company, LLC, and Choice Hotels for construction of the three-story, 37,000 s/f, 67-room hotel located at 635 Elmira Rd. (NYS Rte. 13). Architectural services are being provided by Hex 9 Architects out of Gap, Pennsylvania, and engineering

Fernandina Beach, FL Cronheim Hotel Capital (CHC) has secured a $29.9 million loan for the refinance and conversion of the Ocean Coast Hotel to a Holiday Inn Resort, as

Syracuse, NY Cronheim Hotel Capital (CHC) has secured $25.5 million for the acquisition of the DoubleTree Hotel. As one of the leading group and meeting hotels in the region, it also benefits from Micron Technologies planned $100 billion semiconductor campus under construction a few miles from the property.