Hospitality
Goldman Sachs Buys $280MM Senior Loan on Slatkins’ 327-Key Santa Monica Beach Hotels, Consolidating $400MM Debt Stack
Goldman Sachs has bought the $280 million senior mortgage on Shutters on the Beach and Hotel Casa del Mar out of special servicing,...
Choice Hotels Shops 302-Key Cambria Pair at LAX and Burbank Airport in $100MM+ Five-Hotel Portfolio
Choice Hotels International is marketing its corporately owned Cambria hotels in El Segundo and Burbank as part of an 829-key, three-state portfolio priced...
Kabani Hotel Group CEO Urges Owners to Tighten Risk Controls as 7% Debt, AI and Insurance Costs Mount
Kabani Hotel Group founder Ahmed Kabani is urging hotel owners to tighten risk controls while markets still feel calm, and his seven-point checklist,...
Santa Ana Authorizes Lawsuit Against Caribou Industries Over Stalled 171-Unit 3rd & Broadway Project
Santa Ana's City Council has authorized litigation against Caribou Industries over the long-stalled 3rd & Broadway Promenade, raising the prospect that the city...
ALPS Group Recasts Former Four Points Sheraton in San Diego as 223-Room Goldfinch Hotel
ALPS Group of Hotels has started construction on a full repositioning of the 20-acre former Four Points Sheraton site on Aero Drive, wagering...
Schrager and Scheetz Land $116.5MM Bridge Refinance for 137-Room Public West Hollywood Hotel
The bridge package from Driftwood Capital and Benefit Street Partners retires a 2024 construction loan as Ian Schrager and Ed Scheetz push to...
Centennial’s MainPlace Redevelopment Hits 309 of 1,900 Units in Santa Ana as Hotel Stalls, Tax Revenue Dips
Centennial's seventh annual monitoring report for the 2800 North Main Street property, received and filed by the Santa Ana Planning Commission on Sept....
Residence Inn LAX Appraisal Plunges 45% to $45.5MM as 231-Key Hotel Heads Toward Note Sale
A fresh $45.5 million valuation on the 231-key Residence Inn by Marriott near Los Angeles International Airport has wiped out nearly half the...
Daniel Negari Acquires 241-Room Hotel Per La for $34MM in Downtown Los Angeles
Tech entrepreneur Daniel Negari's 1922.XYZ LLC has pulled the historic Bank of Italy tower's 241-room Hotel Per La out of lender hands for...
93-Key Holiday Inn Express in Pasadena Hits Market at $21.98MM as Tri-Lin Holdings Calls for Offers
The recently renovated, IHG-flagged Holiday Inn Express & Suites at 3500 East Colorado Boulevard has been placed on the market with a September...
Lowe and JC Resorts Land Barings Financing for 582-Key Terranea Resort in Rancho Palos Verdes
The joint venture behind Terranea Resort has secured fresh capital on one of California's most coveted hotel assets, tapping Barings for a five-year...
Ian Schrager’s 137-Key PUBLIC Hotel West Hollywood Lands $116.5MM Refi on the Sunset Strip
A Cushman & Wakefield team has arranged $116.5 million in bridge financing for hoteliers Ian Schrager and Ed Scheetz, retiring the 2024 acquisition...
