Apollo now values the hotel at $69M, more than $20M less than the mortgage it handed out to its prior owner.
Hotel Boulderado sold to AJ Capital Partners and is set for renovation and a Hilton Graduate Hotels rebrand as Boulder preps for Sundance Film Festival in 2027.
The sale of the 315-room Courtyard Boston Downtown hotel is set to be completed in January 2025.
Dalata is set to sell for its net asset value.
The property is now the third-priciest property on the market in Los Angeles County.
The 122-room hotel planned near Denver International Airport is catering to pilot trainees amid the airport's development boom.
With the deal, Marriott predicts full-year 2025 net room growth will approach 5%.
A €20M refinancing and a €50M two hotel portfolio offer coming to market have provided a timely boost to Ireland's regional hotel market.
The Georgetown Co. reached a deal to acquire the 12-story downtown D.C. building and said it is considering several options for a redevelopment.
The Canadian hotel REIT tapped its former CEO to fill in after its current leadership resigned.
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