This is the third refinancing package Mesa West Capital put together for Sterling Bay.
California had 369 hotel deals in 2017, a 14.6% increase year over year.
The loan replaces a $420M loan package set to mature at the end of August.
Growing French hotel brand AccorHotels continues its pursuit of North American companies with its $51M purchase of 21c Museum Hotels.
With 30 brands under its belt post-Starwood merger, Marriott now has to figure out how to maintain a distinct identity for each one.
Energy Corridor Hotels LLC purchased Hyatt House Houston from a Florida-based company for an undisclosed price.
Berlin-based Meininger Hotels signed on with Altus Realty for a project with 154 hotel rooms and four times as many beds.
Even with a long-term strength in the hotel industry, developers are looking to trim costs in light of rising construction costs.
The hotel will be developed and owned by Epelboim Development Group.
With the final set of regulations released, hoteliers are examining the viability of placing an investment in an opportunity zone.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.