Category Archives: Finance & Development

Sonnenblick-Eichner Co. Arranges Loan to Refinance Hotel

LODGING Staff

Photo Credit: Hotel Valencia Santana Row LOS ANGELES, California—Sonnenblick-Eichner Company announced that it arranged $50 million of first mortgage leasehold financing for Valencia Hotel Collection to refinance its Hotel Valencia Santana Row in San Jose, California. The non-recourse, fixed-rate, five-year loan is interest-only for the term and priced at less than 7 percent. The loan […]

Peachtree Launches Debt-Free DST in Avondale, Arizona

Peachtree Launches Debt-Free DST in Avondale, Arizona

ATLANTA, Georgia—Peachtree Group announced the launch of its latest hotel property structured as a Delaware Statutory Trust (DST). The 128-key SpringHill Suites Phoenix West Avondale is located in Avondale, Arizona, within the Phoenix metropolitan area. This is Peachtree’s ninth DST offering since the firm launched the program in 2022. The SpringHill Suites Phoenix West Avondale […]

Marriott Opens First City Express Property in the United States

LODGING Staff

Marriott International, Inc. announced the opening of City Express by Marriott Duluth, Georgia, the first City Express by Marriott property in the United States. Available to book as of March 2025, the opening marks a milestone for the company as its debut in the affordable midscale segment in the United States and Canada. In its […]

JLL Secures Financing for Five Full-Service Hotels — LODGING

JLL Secures Financing for Five Full-Service Hotels — LODGING

LOS ANGELES, California—JLL’s Hotels & Hospitality Group announced that it secured $153 million in senior financing for five full-service hotel properties, consisting of 1,140 keys located in California, Arizona, Colorado, and Georgia. JLL worked on behalf of the borrower, to secure the three-year, floating-rate loan through a debt fund. The portfolio consists of the Embassy […]

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