Category: Hospitality

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.

New York, NY Access Point, an Atlanta-based company, has made a new investment supporting the acquisition and rebranding of a 38-hotel portfolio. The strategy is focused on converting the assets to Studio 6 properties and

Kennesaw, GA Cronheim Hotel Capital (CHC) has secured $15.954 million in construction financing for the development of a Hampton Inn Atlanta NW/Kennesaw Town Center. The financing provides up to 70% of

East Syracuse, NY Marcus & Millichap brokered the sale of the DoubleTree Syracuse, a 250-room hotel in the Carrier Circle area. “With over 17,000 s/f of meeting space, including the two largest

Manhattan, NY Empire & Co. welcomes Hayley Pernsteiner as director of hospitality to spearhead the brand’s newly established hospitality-focused division. With over 10 years of