Homewood Suites by Hilton

MCR and BLT Complete $632 Million Refinancing of 53-Hotel Portfolio

Retrieved on: 
Friday, April 19, 2024
Defense, Other Professional Services, Finance, Women, REIT, Professional Services, Men, Contracts, Restaurant, Bar, Other Travel, Family, Lodging, Vacation, Destinations, Travel, Consumer, Other Construction & Property, Residential Building & Real Estate, Small Business, Commercial Building & Real Estate, Construction & Property, Other Retail, Specialty, Food, Beverage, Retail, MCR, Public expenditure, Acquisition, CMBS, Multimedia, Homewood Suites by Hilton, BLT, NOI, TownePlace Suites

Carl Kuehner, Chairman of BLT, remarks, “It is a great achievement to accomplish a refinancing of this size and scope in today’s challenging debt environment.

Key Points: 
  • Carl Kuehner, Chairman of BLT, remarks, “It is a great achievement to accomplish a refinancing of this size and scope in today’s challenging debt environment.
  • The loan was securitized in a single asset, single borrower (“SASB”) CMBS transaction with the portfolio valued at $960 million.
  • Under the stewardship of MCR and BLT, the portfolio achieved over $64 million of NOI on a trailing 12-month basis at closing, up from $55 million NOI in 2021.
  • Since acquisition, MCR and BLT collectively invested over $118 million of capital expenditures into the portfolio across guestroom improvements, public space upgrades and general property maintenance.

Largest Pickleball Complex in the Mid Atlantic opening in Robbinsville, New Jersey

Retrieved on: 
Friday, March 29, 2024
Sport, Homewood Suites by Hilton, Air conditioning, Life, Athlete, Facility, Pickleball, Heart, USA Pickleball

ROBBINSVILLE, N.J., March 29, 2024 /PRNewswire/ -- A new pickleball court and arena is set to break ground this spring at the former Robbinsville Fieldhouse in Robbinsville, NJ. The new Robbinsville Pickle House is set to revolutionize the pickleball scene in New Jersey with over 20 state-of-the-art courts, making it the largest pickleball facility in the Northeast.

Key Points: 
  • The new Robbinsville Pickle House is set to revolutionize the pickleball scene in New Jersey with over 20 state-of-the-art courts, making it the largest pickleball facility in the Northeast.
  • Collaborating with USA Pickleball, The Robbinsville Pickle House promises an unparalleled experience for players and spectators alike.
  • "Whether you're a seasoned pro or just starting out, The Pickle House welcomes you to experience pickleball like never before."
  • As the demand for top-tier Pickleball facilities continues to surge, The Pickle House team shares a genuine love for the sport.

Regency Centers Announces Whole Foods Market Anchored Development in Central Connecticut

Retrieved on: 
Friday, February 23, 2024
I-691, Whole Foods Market, Foot, TJ Maxx, Regency Centers, Homewood Suites by Hilton

CHESHIRE, Conn., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Regency Centers has acquired the land on which it plans to develop Cheshire Crossing, a 152,000-square foot shopping center anchored by Whole Foods Market in Cheshire, CT.

Key Points: 
  • CHESHIRE, Conn., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Regency Centers has acquired the land on which it plans to develop Cheshire Crossing, a 152,000-square foot shopping center anchored by Whole Foods Market in Cheshire, CT.
  • This destination will be the retail component of a master-planned community known as Stone Bridge Crossing.
  • Whole Foods Market will be joined by a 23,000 square-foot TJMaxx, an additional 18,000-square feet of junior anchor space, five outparcels, and 38,000-square feet of inline shops.
  • “We have a long history and working relationship with Whole Foods Market, and we look forward to demonstrating continued success as long-term stewards of this shopping center.”

Media Advisory: SEIU Local 2 to hold press conference to address terminations at Java Blend in Halifax

Retrieved on: 
Tuesday, January 30, 2024
Homewood Suites by Hilton, HRM

HALIFAX, Nova Scotia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Nine Java Blend employees in the HRM, including four leaders of a unionizing drive, were terminated last week.

Key Points: 
  • HALIFAX, Nova Scotia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Nine Java Blend employees in the HRM, including four leaders of a unionizing drive, were terminated last week.
  • 1960 Brunswick St.
    Worker leaders will make a statement at the press conference.
  • SEIU Local 2 represents 20,000 workers in Nova Scotia, New Brunswick, Ontario, British Columbia, and Alberta.
  • We are proud members of the largest, fastest growing and most dynamic union in North America.

Homewood Suites by Hilton Montgomery and Hilton Garden Inn Montgomery East in Montgomery, Alabama Complete Renovations

Retrieved on: 
Thursday, November 9, 2023
Auburn University at Montgomery, Midtown Park, Homewood Suites by Hilton, The Shoppes at Eastchase, Eastchase, Fort Worth, Texas, Hilton Garden Inn, Coffee, Work, Wi-Fi, Alabama Shakespeare Festival, Alabama State University, Civil Rights Memorial, Montgomery Zoo, AUM, Interstate Park, Lighting, One Bedroom, I-85, Hotel

MONTGOMERY, Ala., Nov. 9, 2023 /PRNewswire/ -- LBA Hospitality, an Alabama–based hotel management company, today announced that the 97-room Hilton Garden Inn Montgomery East and 91-suite Homewood Suites by Hilton Montgomery have completed renovations.

Key Points: 
  • MONTGOMERY, Ala., Nov. 9, 2023 /PRNewswire/ -- LBA Hospitality, an Alabama–based hotel management company, today announced that the 97-room Hilton Garden Inn Montgomery East and 91-suite Homewood Suites by Hilton Montgomery have completed renovations.
  • The Homewood Suites by Hilton Montgomery offers spacious studio, one-bedroom and two-bedroom suites with separate living and sleeping areas designed to let you live, work, and relax.
  • For more information or to contact the Homewood Suites by Hilton Montgomery please call directly at 334-272-3010, or visit their website .
  • For more information or to contact the Hilton Garden Inn Montgomery East please call directly at call 334-272-2225 or visit their website .

Chatham Lodging Trust Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Other Construction & Property, Construction & Property, Destinations, Consulting, Travel, REIT, Homewood Suites by Hilton, Public expenditure, Hyatt, Telephone, Internet, Courtyard, Trustee, Wells Fargo, TownePlace Suites, Investment, Bank, Residence Inn by Marriott

The renovations of the Hilton Garden Inn Marina Del Rey, Calif., Homewood Suites San Antonio, Texas, and Hyatt Place Denver Cherry Creek, Colo., will commence during the 2023 fourth quarter.

Key Points: 
  • The renovations of the Hilton Garden Inn Marina Del Rey, Calif., Homewood Suites San Antonio, Texas, and Hyatt Place Denver Cherry Creek, Colo., will commence during the 2023 fourth quarter.
  • Chatham has no additional debt maturing in 2023 and has $298 million maturing in 2024.
  • The company expects the fourth quarter common and preferred dividends per share will be the same as the third quarter.
  • The company will hold its third quarter 2023 conference call later today at 10:00 a.m. Eastern Time.

Goodegg Investments Announces the Acquisition of 3 Hotel Assets via Goodegg Diversification Fund III in Terre Haute and Lafayette, Indiana

Retrieved on: 
Thursday, October 12, 2023
Holiday Inn, Investment, Partnership, Acquisition, SpringHill Suites, Homewood Suites by Hilton, Street Hassle, Hotel, Commercial property, Real estate, Security (finance)

San Francisco, California, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Leading commercial real estate firm Goodegg Investments is pleased to announce the acquisition of 3 hotel assets via Goodegg Diversification Fund III – SpringHill Suites and Holiday Inn in Terre Haute, Indiana, and Homewood Suites in Lafayette, Indiana.

Key Points: 
  • San Francisco, California, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Leading commercial real estate firm Goodegg Investments is pleased to announce the acquisition of 3 hotel assets via Goodegg Diversification Fund III – SpringHill Suites and Holiday Inn in Terre Haute, Indiana, and Homewood Suites in Lafayette, Indiana.
  • Since its inception in 2018, Goodegg Investments has built an impressive portfolio totaling $1.4B+ across hotel, multifamily, and self-storage assets.
  • Goodegg Investments hopes its Goodegg Diversification Fund III will, like 20 of its 40+ assets, go full cycle and reach a successful exit.
  • For further information on Goodegg Investments and its recent acquisition of 3 hotel assets via Goodegg Diversification Fund III – SpringHill Suites and Holiday Inn in Terre Haute, Indiana, and Homewood Suites in Lafayette, Indiana, please visit the website at https://goodegginvestments.com/ .

Aperture Hotels and Satori Collective Complete Multi-Million Dollar Renovation of 114-Suite Homewood Suites by Hilton Atlanta/Perimeter Center

Retrieved on: 
Thursday, October 12, 2023
Commercial Building & Real Estate, Other Travel, Construction & Property, Lodging, Travel, Urban Planning, Other Construction & Property, Residential Building & Real Estate, Multimedia, USB, Aperture, Interior (topology), Perimeter Mall, Cuisinart, Microwave, EV, Homewood Suites by Hilton, GA, Growth, Fox Theatre, High Museum of Art, Public expenditure, Perimeter, Hotel, Art, Atlanta

Officials of Aperture Hotels, a leading hospitality management provider specializing in premium lifestyle, compact full-service, select-service and extended stay hotels, and Satori Collective, an investment management firm focusing primarily on hotel property investment, today announced the completion of the multi-million dollar renovation of the 114-suite Homewood Suites by Hilton Atlanta/Perimeter Center.

Key Points: 
  • Officials of Aperture Hotels, a leading hospitality management provider specializing in premium lifestyle, compact full-service, select-service and extended stay hotels, and Satori Collective, an investment management firm focusing primarily on hotel property investment, today announced the completion of the multi-million dollar renovation of the 114-suite Homewood Suites by Hilton Atlanta/Perimeter Center.
  • The refurbishment touched on all aspects of the hotel, including upgrades to public spaces, guest rooms, fitness center and meeting space.
  • View the full release here: https://www.businesswire.com/news/home/20231011597750/en/
    Exterior of the renovated 114-Suite Homewood Suites by Hilton Atlanta/Perimeter Center.
  • (Photo: Business Wire)
    “With the conclusion of this comprehensive, multi-million dollar renovation, the Homewood Suites by Hilton Atlanta/Perimeter Center has achieved ‘like-new’ status, effectively becoming the newest extended-stay hotel in the Atlanta Perimeter submarket,” said Charles Oswald, president and CEO, Aperture Hotels.

Peachtree Group Deploys $1.1 Billion in Commercial Real Estate Investments Seeing Growing Activity Amid Ongoing Credit Market Dislocation

Retrieved on: 
Thursday, September 21, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Maintenance, Collection, Peachtree, Mortgage Bankers Association, COVID-19, Cerritos Towne Center, LaGuardia Airport, AC, CBRE, Dislocation, Stonehill, Hilton Garden Inn Kampala, Town Center, Acquisition, Investment, Homewood Suites by Hilton, Embassy Suites by Hilton, Growth, Commercial property, Bank, Real estate, Hotel, Fine chemical, Tourism, Public expenditure, Hampton by Hilton

Peachtree Group, a diversified commercial real estate investment company, announced its credit division has closed $556 million in loan originations of the $1.1 billion the company deployed year-to-date.

Key Points: 
  • Peachtree Group, a diversified commercial real estate investment company, announced its credit division has closed $556 million in loan originations of the $1.1 billion the company deployed year-to-date.
  • The ability to refinance maturing debt is a growing concern with an estimated $1.9 trillion of U.S. commercial real estate debt maturing before the end of 2026.
  • Peachtree Group Credit, formerly Stonehill, ranked as the 8th largest U.S. commercial real estate hotel lender by the Mortgage Bankers Association 2022 loan origination rankings.
  • As a direct commercial real estate lender, it offers permanent loans, bridge loans, mezzanine loans, commercial property-asset clean energy (CPACE) financing and preferred equity investments across all commercial real estate sectors, with its origins in the hospitality industry.

Crawford Hoying Adds Fourteenth Hotel to Company Portfolio in Partnership With Operator, Shaner Hotels

Retrieved on: 
Monday, September 11, 2023
Commercial Building & Real Estate, Construction & Property, Lodging, Travel, Honey, Ohio State University, Heart, Partnership, Hilton Columbus Downtown, The Lane, OSU, TownePlace Suites, Lane, Acquisition, Homewood Suites by Hilton, Hudson, Principal, Tupelo, Hotel

Crawford Hoying is excited to announce the acquisition of Homewood Suites by Hilton Columbus OSU in partnership with award-winning, international hotel owner, operator and developer, Shaner Hotel Group .

Key Points: 
  • Crawford Hoying is excited to announce the acquisition of Homewood Suites by Hilton Columbus OSU in partnership with award-winning, international hotel owner, operator and developer, Shaner Hotel Group .
  • This is the fourteenth hotel within Crawford Hoying’s portfolio, which now includes more than 1,800 hotel keys.
  • “This hotel is a perfect fit for our growing portfolio, and we would love to explore more properties like it,” said Brent Crawford, Principal of Crawford Hoying.
  • “This was a strategic and opportunistic acquisition for the partnership,” said Plato Ghinos, President of Shaner Hotels.