X-Caliber Affiliates Provide 2M Refi on Historic Long Beach Hotel

X-Caliber Affiliates Provide $122M Refi on Historic Long Beach Hotel

X-Caliber Funding, a national, direct commercial real estate lender, and CastleGreen Finance, an X-Caliber affiliate that provides capital through Commercial Property Assessed Clean Energy (C-PACE) financing, completed the refinance of the Fairmont... Read more »
Arya Plans 15-Story Hotel Next To LA Clippers’ Intuit Dome in Inglewood

Arya Plans 15-Story Hotel Next To LA Clippers’ Intuit Dome in Inglewood

Arya Group, known for building super mansions across Los Angeles, is placing a major hospitality bet on the L.A. Clippers. The West L.A.-based development firm, led by Ardie Tavangarian, has filed plans... Read more »
Work begins on transformative condo and hotel development in Beverly Hills valued at nearly  billion

Work begins on transformative condo and hotel development in Beverly Hills valued at nearly $5 billion

Construction has begun on One Beverly Hills, a nearly $5-billion condominium and hotel complex that promises to transform the Beverly Hills skyline and be a commanding presence on its western edge. With... Read more »
Mike Barry Adds Apartments to Hotel Project in Koreatown

Mike Barry Adds Apartments to Hotel Project in Koreatown

A Koreatown property owner has tweaked plans for a six-story hotel to include an extra floor and 20 apartments.  EWAI, an architecture firm based in Koreatown, has filed revised plans on behalf... Read more »
X-Caliber Affiliates Provide 2M Refi on Historic Long Beach Hotel

Memphis’ Largest Hotel on the Block

The 590-room Sheraton Memphis Downtown Hotel is up for sale. The price was not disclosed. The two brokers handling the deal are Tim Osborne and Spencer Davidson, both with Hunter Hotel Advisors.... Read more »
Urban hotel market to see renewed investor interest in 2024: JLL

Urban hotel market to see renewed investor interest in 2024: JLL

Properties in London, Tokyo and New York City will be among the hottest commodities next year. Source link Read more »
LA Law Creates New Hurdles for Hotel Developers

LA Law Creates New Hurdles for Hotel Developers

Hotel developers in Los Angeles must now replace homes demolished for hospitality suites. The City Council passed a law early last month requiring new hotel projects to replace displaced housing units on... Read more »
California Sees Hotel Supply Shortage, Lack of Openings in 2023

California Sees Hotel Supply Shortage, Lack of Openings in 2023

Last year wasn’t a walk in the park for California developers and the latest numbers show it. A biannual survey by brokerage firm Atlas Hospitality Group published this week indicated the hotel... Read more »
Hall Group Snags M Clean-Energy Financing for Hotel

Hall Group Snags $46M Clean-Energy Financing for Hotel

Hall Group has scored a $46 million clean-energy financing deal for its new Hyatt hotel in Palm Springs. The Dallas-based investor secured the Commercial Property Assessed Clean Energy debt for its Thompson... Read more »
Urban hotel market to see renewed investor interest in 2024: JLL

The Gramercy Park Hotel to reopen in 2025

Travel and hospitality August 28, 2023 Following a $50 million purchase, the building’s revitalization will entail nearly a complete interior rehaul. Image credit: MCR   By Luxury Daily News Service After closing... Read more »