Relevant In Default On $13.2M Loan Tied To DTLA Hotel Project

Relevant hopes to have an extension in place soon.

Beverly Hills Voters To Decide Fate Of Ultra-Luxury LVMH Hotel This Week

The vote could rescind the city council's approval of the project.

Margaritaville Owner Files For Second Bankruptcy In Bid To Hold On To Hotel

Soho Properties said it is close to securing a $170M loan that would provide a financial lifeline.

LVMH Preparing For Defeat On Beverly Hills Hotel After Close Election

LVMH says it will not give the hotel another go if the voters reject it.

New Owner Of Trump’s Former D.C. Hotel Defaults On $285M Loan

CGI Merchant Group, whose investors include Alex Rodriguez and Floyd Mayweather, reportedly overpaid when it bought the hotel from Trump for $375M in 2022.

New JV Aims To Build $2B Of Luxury Hotel, Mixed-Use Projects

JMA Ventures and Mohari Hospitality plan to launch ground-up construction and redevelopment efforts across North America.

$4.3B CitizenM Hotel Chain On The Block

The pension funds that own the chain believe it has seen its value double from €2B to €4B.

Cerberus, Highgate Miss Mortgage Payments On 30-Hotel Portfolio

The borrowers have asked for an extension on the $415M loan.

AIDS Healthcare Foundation Pays Relevant $12.4M For Morrison Hotel

The hotel dates back to the early 1900s and was most recently used a single-room occupancy hotel.

Apollo Pulls €500M Hotel Sale, But Yields And Repurposing Should Spur Market

Despite Apollo's Tifco portfolio failing to meet the investor's bid expectations, Dublin hotels should enjoy a strong 2024, DLA Piper said.