Mirae doesn't have to buy hotels damaged by the coronavirus pandemic from Anbang.
New York is relying on struggling hotels to house more than 90,000 migrants. But with lenders circling, the city's plans may be in danger.
Highgate's move comes amid luxury hotels' speedier-than-expected recovered strongly as the pandemic has receded from the public consciousness.
Peachtree Group initially planned on a SpringHill Suites for the site. This and more of the top transactions in Atlanta commercial real estate.
Starwood's deal to buy 10 hotels from Edwardian Group includes 2,053 rooms.
The sale price is a $40M discount from what Loews paid for the property in 2012.
The REIT plans to sell 123 hotels, including some with Sonesta branding, to help address upcoming debt maturities.
A class-action suit claiming that LuxUrban artificially inflated its share prices and defrauded investors can move to pretrial discovery, a federal judge rules.
Accelerated Assets bought the 250-room hotel at 203 N. Wabash Ave. for about $77.4M from a joint venture of Lionstone Development and Virgin Hotels.
The storied hotel, which closed for eight years for restorations reportedly costing as much as $4B, may soon be on the market.
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