Summit Hotel Properties, Austin, Texas, acquired the 176-guestroom Canopy by Hilton New Orleans Downtown for $56 million in a joint venture with Singapore sovereign wealth fund GIC.
Tag: Dealmaker
Dealmaker: Peachtree Acquires Seven-Hotel Portfolio for $135M
Peachtree Hotel Group, Atlanta, acquired seven hotels in five states for $135 million.
Dealmaker: Hall Structured Finance Provides $29M To Refinance Florida Hotel
Hall Structured Finance, Dallas, closed a $29.4 million bridge loan to refinance the Serena Hotel, a Tapestry Collection Hotel by Hilton in Aventura, Fla.
Dealmaker: SB Real Estate Partners Acquires Arizona Apartments for $58M
SB Real Estate Partners, Irvine, Calif., acquired Cantamar Apartments, a 180-unit garden-style multifamily community in Glendale, Ariz., for $58.1 million.
Dealmaker: New York Life Real Estate Investors Originates $1.3B for Industrial, Multifamily
New York Life Real Estate Investors originated $1.3 billion for industrial and multifamily assets in multiple states.
Dealmaker: Madison Realty Capital Originates $65M in Construction Financing
Madison Realty Capital, New York, originated $65 million to construct 220 multifamily units in Warren, N.J.
Dealmaker: Q10 Triad Capital Advisors Closes $57M for Kansas Multifamily
Q10 Triad Capital Advisors, Kansas City, arranged $57.4 million in long-term fixed-rate financing for Villas at Waterside in Lenexa, Kan.
Dealmaker: Bellwether Enterprise Closes $117M in Maryland, Florida
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed five loans totaling $116.9 million to finance two multifamily properties, one office portfolio and a mixed-use portfolio.
Dealmaker: CBRE Arranges $72M for South Florida Hotel
CBRE, Dallas, arranged a $72.2 million loan for the Postcard Inn on St. Pete Beach, Fla., on a barrier island west of St. Petersburg.
Dealmaker: Mesa West Capital Funds $67M Loan in Silicon Valley
Mesa West Capital, Los Angeles, provided a joint venture led by SRM Development, Spokane, Wash., with $67 million for Westmont of Milpitas, a recently opened senior housing community in Milpitas, Calif.