Steve Hermann Hotels has sold The Inn at Rancho Santa Fe in California for $100 million to an unnamed institutional investment fund. Pandox expects the hotel to generate a stabilized Hilton Belfast from Starwood Capital, and the property will now be managed byĪxiom Hospitality subject to a franchise under the Hilton brand. The totalĪcquisition price, including certain targeted value increasing investments,Īmounts to approximately £40 million and will initially be financed by cash andĮxisting credit facilities. Pandox AB has completed the acquisition of the 202-room Year’s Hurricane Ian and Tropical Storm Nicole, according to the report. Theĭelinquent Courtyard portfolio was facing a higher insurance payment following last The shortage and the regular monthly debt service,” according to the report. “Borrower stated that they do not have enough funds to cover The duo reportedly has requestedĪn extension of the floating-rate loan, which matured in July, according to a Million loan for 30 Courtyard by Marriott hotels. High-profile hotel portfolio is seeking relief with news breaking that CerberusĬapital Management and Highgate have missed two months of payments on a $415 The latest global news on development, M&A, data and more.Ĭerberus-Highgate portfolio misses payments.
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