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Machine Investment Group loaned Relevant $72M last year to finish the hotels.
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Resort executives have witnessed how conversions are driving growth. Lenders have held back financing new properties since the coronavirus emerged.
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Marriott will pay $300M for the property and an additional $200M for the land to acquire it from a venture of Tishman Realty.
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The ordinance restricts short-term rentals in single-family residential areas but allows properties to continue operating in multifamily-zoned districts.
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Atlantic Equity Partners will upgrade and decarbonize properties to take advantage of growing consumer demand for businesses with sustainable practices.
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The joint venture between Bob W and Osborne+Co is looking to raise £120M of equity.
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KKR and The Baupost Group have acquired a 33-hotel estate across London and the UK from ADIA.
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Poor hotel metrics impacted the sales price of one luxury Dunwoody hotel.
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The deal would include up to 800 new hotel rooms and a new commuter rail stop adjacent to the Encore Boston Harbor casino.
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Twenty years on from Hurricane Katrina, New Orleans has been shaped by spectacle and short-term returns, not the foundations of long-term prosperity.
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