Larry Blumberg & Associates

Dothan, AL-based Blumberg will open or start construction on six hotels this year. The properties scheduled to open are all in Florida: a 79-room SpringHill Suites in St. Petersburg/Clearwater, an 84-room Courtyard by Marriott in Panama City and an 85-room Hampton Inn & Suites in Pensacola.

Courtyard, Bowling Green, KY

Equity Inns, Inc. agreed to pay $6.9 million for a 93-room Courtyard by Marriott in Bowling Green, KY. Seller is a New York-based partnership. LinGate Hospitality will manage the property.

Fairfield Inn, Fenton, MO

Dominion Hospitality Group sold its 106-room Fairfield Inn St. Louis Fenton for $4.4 million to Sioux Falls, SD-based The Summit Group.

GMAC Commercial Mortgage Corp.

The firm recently provided financing for several hospitality projects: a $ 50-million interim, floating-rate loan for the National Conference Center in Lansdowne, VA; a $29-million interim, floating-rate loan for the Doubletree Rosemont (IL); and a $51.5-million permanent, fixed-rate loan for the Sheraton Premiere in Vienna, VA.

Holiday Inn, Morgantown, WV

Lodgian, Inc. sold its 147-room Holiday Inn in Morgantown, WV to an undisclosed buyer for $3 million. The company has sold 14 hotels since 2003, when it announced a plan to dispose of non-strategic assets.

Hostmark Hospitality Group

The Schaumburg, IL-based management firm recently secured contracts to operate two additional properties: the 151-suite Blue Lagoon Hotel & Suites near the Miami airport and the 228-room Holiday Inn Oakbrook Terrace (IL). The Blue Lagoon was formerly an AmeriSuites and will be converted to a SpringHill Suites by Marriott.

Miramar Hotel, Santa Barbara, CA

Ty Warner Hotels & Resorts will acquire the Miramar Hotel in Santa Barbara from Ian Schrager and Miramar Holdings LLC. According to news reports, the purchase price is about $45 million.

Radisson Dallas North

Carlson Hotels Worldwide has acquired full ownership of the 296-room Radisson Hotel Dallas North in Richardson, TX from co-owner Olympus Real Estate Partners.

RockBridge Capital

The Columbus, OH-based capital firm provided a $30.5-million stretch first mortgage to Mullenix Cos. of St. Louis to refinance a portfolio of seven Marriott-brand properties in the St. Louis and Indianapolis areas. The portfolio includes four TownePlace Suites, two Fairfield Inns and one Residence Inn.

Reprints and Licensing
© 2014 Penton Media Inc.

Acceptable Use Policy
blog comments powered by Disqus

Most Recent

More Recent Articles

Career Center

Quick Job Search
Enter Keyword(s):
Enter a City:

Select a State:

Select a Category:
Franchise Fact File Top Brands
Brand Company Basics Top Management Companies
Owners & Operators Industry Consultants
Industry Associations Industry Events
Design Firms Purchasing Companies
Top Ownership Groups

Click here to view all of the Lodging Hospitality Photo Galleries

Accor Best Western
Carlson Rezidor Choice
Hilton Hyatt
IHG La Quinta
Marriott Starwood
Vantage Wyndham

Free Product Information
News and Trends for the Hotel, Motel, and Hospitality Markets.

Lodging Hospitality eReport
Lodging Hospitality electronic newsletters are FREE to requested subscribers.

Lodging Hospitality Resource Center
The Lodging Hospitality Resource Center is the ultimate resource to find products and services to build, equip, and renovate hotels, motels and resorts.

Subscribe / Renew
Visit our subscription center to subscribe or renew your subscription to Lodging Hospitality.

Visit our webinars page to view all our upcoming and on demand webinars.

Visit our White Papers page to view all our current White Papers.