Category Archives: Hotel

Canyon-Johnson JV Seeking Buyer for Block 21 in Austin, TX

CJUF II Stratus Block 21, LLC, a joint venture between Stratus Properties Inc. and Canyon-Johnson Urban Fund II, L.P., has engaged a financial advisor to explore a possible sale of…

Hilton Springfield Sees its Appraised Value Slashed

Hilton Springfield, the 245-room, full service hotel in Springfield, VA valued at $49 million in early 2012, has seen its appraised value lowered to $27.7 million due in part to…

REIT Agrees to Pay $29.25M for Hilton Garden Inn in Austin, TX

Moody National REIT I, Inc. has agreed to acquire the Hilton Garden Inn Northwest Arboretum, a hotel property in Austin, Texas, for an aggregate purchase price of $29.25 million, excluding…

$62M Loan on Westin – Falls Church Transferred to Special Servicer

A $62 million loan on the Westin – Falls Church Hotel in Falls Church, VA has been transferred to a special servicer due to imminent default, according to Fitch, which…

Another Extension for $190M Loan on Renaissance Mayflower Hotel

The $190 million loan on the Renaissance Mayflower Hotel at 1127 Connecticut Avenue NW in Washington, D.C. has been granted a second loan modification, according to Trepp, which cites special…

LaSalle Hotel Properties Calls DC One of its Strongest Markets in the Second Quarter

During their quarterly conference call with analysts last week, executives with LaSalle Hotel Properties said Washington D.C. was one of the Bethesda-based firm’s best performing markets in the second quarter,…

Houston-based Moody National REIT I Agrees to Buy SC Hotel for $11.8M

Houston-based Moody National REIT I has entered into an agreement to acquire the Charleston Hotel, a Hyatt Place hotel in North Charleston, SC, for an aggregate purchase price of $11.8…

Morgans Hotel Group Updates on Mondrian SoHo Foreclosure Proceedings

As TheRealDeal.com reported in January, Deutsche Bank has filed suit against a joint venture between Sochin Downtown Realty and Morgans Hotel Group to foreclose on loans backed by the Mondrian…