RECENT LOAN CLOSING: $6.76MM for the acquisition and PIP on the Springhill Suites by @Marriott in Dayton, OH. The property is managed by Renascent Hospitality. We enjoyed working with Nate Adamson and the team at Blue Field Capital!
@LodgingEconomet reported the following regarding projects in the construction pipeline for Q1 2022.
1. Dallas: 165
2. Atlanta: 135
3. Los Angeles: 123
4. New York: 122
5. Phoenix: 103
https://t.co/PlYVG9FcLN
Recent Closing: $45.75MM in floating-rate debt to refinance four hotels - a Residence Inn by Marriott in South Carolina and three Hampton by Hilton hotels located in Iowa and Wisconsin.
During @nyuhospitality, Jeff Horwitz, @Proskauer (top r) led a discussion on hotel business investments w/(top l & c) Michael Bluhm, @MorganStanley; R. Tyler Morse, MCR; (bot. l - r) Dilip Petigara, @Accesspt; Sean Dell’Orto, Park Hotels; & Mitesh Shah, @NobleInvestment
"... 81% [of frequent travelers surveyed] told [AHLA] that they feel “more comfortable staying at hotels with the industry’s Safe Stay cleaning and safety protocols implemented.” https://t.co/stsmR6DN0G