Realty Income has agreed to make an $800 million preferred equity investment in Blackstone's Aria Resort & Casino and Vdara Hotel & Spa, setting up a multibillion-dollar refinance of the 5,500-room portfolio on the Las Vegas Strip.
Aviva Investors, the global asset management business of Aviva, has completed an £175 million loan to The Arora Group to finance its acquisition of the Ministry of Justice's office in St James's in central London.
As U.S. theme parks head into the peak of the holiday promotion season this week, their operators are facing more challenges in returning to pre-pandemic attendance and revenue.
Private equity firm KSL Capital Partners has secured $553 million in financing for a 23-property hotel portfolio, marking its second major hospitality refinancing this fall.
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, has agreed the refinancing of its existing loan with Aareal Bank for the Park Plaza London Riverbank on the Albert Embankment.
HKB Investment Group has landed a $73.5 million financing deal for seven hotels, marking the completion of a turnaround strategy that transformed the properties into premium-branded assets.
LondonMetric Property has completed a £51.1 million portfolio acquisition comprising a UPS-let logistics warehouse at East Midlands airport and a hotel at Manchester airport.
"Exceptional" occupancy rates at Edinburgh hotels have helped the asset class become the Scottish capital's top-performing sector ahead of offices, analysis by Knight Frank shows.
Metrocentre, the Gateshead super prime retail and leisure destination, has secured a £70 million refinancing with Lloyds in a move that will lower its cost of capital and provide more runway for capital expenditure and working capital requirements.
This week's column examines a loan modification for a Starwood Capital Group hotel portfolio, an extension for a loan backing a New York tower and a Philadelphia building starting anew with its debt paid off. Read the entire piece by clicking "read more" below.
It's in the Cotswolds, a chic, bucolic region of southwest England, that French hotel group Accor has chosen to launch its latest luxury brand, Emblems, a further step in the group's upmarket strategy.
Global alternative asset manager Brookfield Asset Management posted a record $30 billion fundraising haul and third-quarter profit as it saw a market prime for both buying and selling deal activity.
Vici Properties, a publicly traded real estate investment trust focused on gaming and entertainment properties, has a deal to acquire seven Nevada casino properties from Golden Entertainment for $1.16 billion in a sale-leaseback agreement.
Cheyne Capital, the global alternative investment manager, has extended its long-term partnership with Champneys, the health and wellbeing resort brand, through a new funding agreement to support the next phase of investment and expansion.