Embassy Suites

The second largest individual CMBS loan payoff in February was a $345 million senior mortgage secured by the Rio All-Suite Hotel and Casino in Las Vegas (pictured).
Finance  ·  CMBS
National

February CMBS Realized Losses Soar Despite Fewer Workouts

By Marc McDevitt
Premium
The Las Vegas Convention Center, near one of the portfolio properties.
Finance  ·  Refinance
Nevada

ACORE Issues $145M Debt Package to Refi Hotel Portfolio Out West

By Matt Grossman
Premium
The Embassy Suites Hotel in Tampa, Fla.
Finance  ·  Acquisition
National

ACORE Lends $179M for Square Mile’s Hotel Portfolio Acquisition

By Matt Grossman
Premium
POTEL, MOTEL, HOLIDAY INN (SAY WHAT?!) : Patels currently own 22,000 motels and hotels in the United States, collectively valued at $128 billion. The community owns a mix of low-budget and middle-budget hotels, both independently and as part of a franchise. Stay tuned — they’re also gradually seeping into higher-end hotels, like Hilton and Courtyard by Marriott.
Features
National

Powerful Patels: A Look Into the Quiet Community of Indian U.S. Hotel Owners

By Rheaa Rao
Premium

No End in Sight for Midtown Hotel Boom

By Al Barbarino
Premium