The biggest leases, sales and loans in New York City this week.
Choice Hotels International, Wyndham Hotels and Resorts, and Omni Hotels and Resorts have been accused of anti-competitive behavior.
Read more about this week's commercial real estate sales and development deals in Chicago.
Choice is going directly to shareholders with its offer to merge the two companies and create an economy hotel brand empire.
A Pritzker spokesperson "vehemently denied" the allegations.
Host Hotels has closed on the deal to acquire the 229-room hotel on Sixth Avenue.
The new entity will initially own 2,300 hotel rooms in the U.S. and UK.
The redevelopment would add 400 rooms between two eight-story buildings that would flank the existing Hilton Miami Airport Blue Lagoon.
Construction in the U.S. hotel sector is growing as the industry anticipates future interest rate cuts, a new report says.
Wyndham added 500 new hotels to its system in 2023 despite what CEO Geoff Ballotti has described as a hostile and risk-laden takeover bid from Choice Hotels.
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