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Brack Capital Real Estate (BCRE) has sold The James New York, a boutique hotel located at 27 Grand Street in SoHo, for approximately $85 million....More

Construction has completed on the 250-key LEGOLAND Hotel and LEGOLAND California Resort. R.D. Olson Construction built the facility, which the company calls its “most intriguing hotel project.”...More

Sonnenblick-Eichner Co. has arranged $34 million in first mortgage financing for a 3-property hotel portfolio. The 829-key portfolio includes Starwood Hotels and Resorts Worldwide and Intercontinental Hotels and Resorts....More

A new hotel has opened in North Dakota, and the company took over a Wyndham brand in up-north Michigan....More

Cushman & Wakefield’s Jared Kelso and Ernest Lee have advised Hersha Hospitality Trust affiliates in the turnkey acquisition financing of the Hyatt Union Square Hotel in Manhattan, which is expected to open this month....More

Commercial Brokers International launch of a new hospitality division leads the week's roundup of commercial real estate names in the news....More

After a $6 million renovation, The Anza – A Calabasas Hotel will open in Calabasas, Calif. this May....More

Hotel construction is on the upswing, with rising demand and low supply, but developers are worried about construction costs and labor scarcities....More

Revel AC Inc. has filed its voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of New Jersey to facilitate its previously announced financial restructuring. Under the reorganization, Revel will reduce its debt from approximately $1.52 billion to $272 million through a debt-for-equity conversion....More

NEW YORK—Meridian Capital Group LLC and Eastdil Secured, negotiated $275 million in permanent financing for the acquisition of the fee position in the Milford Hotel in New York City on behalf of a partnership between David Werner and Deutsche Asset & Wealth Management’s real estate investment business....More

Hotel leaders should fight the perception that staying with them is frivolous and their jobs are low paying, and should turn all employees into the industry’s ambassadors with fair wages and working conditions, said Arne Sorenson, president and CEO of Marriott International, during his keynote speech at the 25th annual Hunter Hotel Conference in Atlanta....More