Concord Hospitality and Whitman Peterson completed a $167.67 million recapitalization financing from CIM Group on a 15-property portfolio of WoodSpring Suites extended-stay hotels.
Troubled hotel owner Ashford Hospitality Trust has extended a mortgage loan backing some of its most valuable U.S. hotels as it suspends shareholder dividends in an effort to preserve liquidity.
Specialist real estate finance provider Maslow Capital has provided a £294 million facility to Criterion Capital to back its acquisition of the 732-bed St Giles Hotel and Criterion’s pre-existing freehold interest, alongside the refinancing of Haymarket House with a bespoke construction facility to deliver a 508-bed Zedwell hotel.
Travis Overall joined Cushman & Wakefield as managing principal of its Houston operations, leading the advisory business where Cushman has more than 250 employees, including 60 brokers. The firm said Overall will also be involved in Cushman’s 34 million-square-foot Houston property management portfolio and will head talent recruiting efforts.
The National, a 52-story skyscraper turned mixed-use hub that was vacant for a decade before it was redeveloped in downtown Dallas, is headed into foreclosure and expected to revert to its lender.
Okan Tower, a 72-story mixed-use skyscraper rising in the heart of Miami, scored its first construction loan with the building already past the halfway point.
The DoubleTree by Hilton Cleveland Downtown is set to permanently close Jan. 30, ending a yearslong struggle with declining performance and mounting debt that left the hotel unable to recover.
GFI Capital Resources Group and Spruce Capital Partners closed a $112.5 million loan to refinance Ace Hotel Brooklyn, positioning the property to capture growth in one of the nation's most supply-constrained markets.
The hotel CMBS market in the Southeast experienced shifts in 2025. The overall origination balance decreased compared to a year ago, although the number of loans originated increased year over year. The diverging trend suggests that the average CMBS loan size has shrunk due to a shift towards smaller deals amid a continuously challenging lending environment.
Editor's note: A previously published version of this story cited a Dec. 30 news release from Walker & Dunlop saying the hotel development in the project would be an Aman-affiliated brand. OKO Group reached out to CoStar News to clarify that the developers are evaluating multiple brands and no brand selection has been made. Additionally, no unit count has been finalized for either the hotel or residences. The edited story is below.
The Atari Hotel — a video game-inspired hospitality endeavor planned for Phoenix — has spent years in development in the creative studio. Now, the first-of-its-kind, 91-key property has a new construction timeline and funding plan.
A year that began with high hopes for strong UK real estate activity had, by the time of the Mipim real estate conference in March, already become bogged down by concerns over global tariffs and economic uncertainty. It has only really began to show signs of sparking back into life after the government's much-delayed November Budget.
This week's column examines a wave of CMBS hotel deals, a downgrade for bonds backed by California office buildings leased to Apple, and affordable housing driving a $173 million Freddie Mac transaction. Read the entire piece by clicking "read more" below.
Mix Manchester has received a £42 million investment boost from the Greater Manchester Pension Fund towards the development of the North of England's largest Premier Inn.