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Apple Hospitality REIT acquired the hotel from Douglas, which opened it during the height of the pandemic in 2020.
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D.C. had the fastest-growing hotel performance in the U.S. last year and is seeing continued momentum, helping offset the economic pain from its office market.
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The company sold the lease on the property in 2022 to CGI Merchant Group, which has since lost the hotel to its lender in a foreclosure.
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Acore Capital, which holds an $86M loan on the Line DC Hotel and brought the property up for auction, submitted a credit bid, and no other bids were made.
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Dalata reported ongoing development in the UK and Europe but a softening Dublin sector, while CBRE is marketing the Slieve Russell Hotel.
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Hilton says there may be as many as 100 NoMad Hotels in the future.
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Taylor Swift's Eras Tour set a new benchmark for the hospitality industry, but with Oasis touring next year, events are becoming a steady business for hotels.
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The 13-story hotel will include a rooftop lounge and speakeasy.
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Boston's hotel market has seen growing demand and has become one of the most attractive markets in the country for investors.
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