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TRANSACTIONS

By Anonymous
Publication: Lodging Hospitality
Date: Saturday, April 15 2006

Avalon Hotel & Spa

Grand Heritage Hotels purchased the 99room Avalon Hotel & Spa in Portland, OR from bankruptcy court. Terms of the sale, which was brokered by PKF Capital Markets Group, weren't disclosed.

Fairfield Inn Jackson

Lodgian, Inc. sold its 105-room Fairfield Inn

in Jackson, TN to an undisclosed buyer for $2.5 million. The company says it will use part of the proceeds to reduce corporate debt.

Fisher Island Club

Tiverton, RI-based HVS/American Hospitality Management Co. has taken over asset management of the Fisher Island Club Hotel and Resort in Miami. The 65-unit luxury resort is a member of Leading Hotels of the World.

Gemstone Resorts

Utah-based Gemstone Resorts International will manage a new 130-room boutique hotel under development in Kansas City, MO. The property, which will be part of the West Edge office, retail, restaurant and entertainment complex, opens in mid2008.

GMAC Commercial Mortgage

The Hospitality Division of GMAC Commercial Mortgage Corp. recently provided loans for a number of hotel projects, including:

In addition, make sure to read these articles:

  • TRANSACTIONS
    • Charleston Place ...
  • TRANSACTIONS
    • Amalfi Hotel Chicago The sales effort started in mid-September for the Amalfi condo hotel in Chicago. A joint venture between Shamrock Holdings of California and ......
  • TRANSACTIONS
    • IMAGE PHOTOGRAPH 1 Best Western Inn at Rio Rancho Best Western Inn at Rio Rancho Neptune Hospitality Advisors arranged the sale of the 118room full-service ......
  • Fitch Ratings Upgrades LTC 1996-1.
    • NEW YORK -- LTC's commercial mortgage pass-through certificates, series 1996-1, are upgraded by Fitch as follows: --$7.6 million class C to 'AAA' from 'A'; -- ......
  • Furthermore...
    • has brokered the sale of the 99-room Avalon Hotel & Spa (pictured) in Portland, Ore., to Grand Heritage Hotels from the Portland bankruptcy court for ......
  • GMAC $974.5M 1999-C2 Pass-Thrus Rated By FitchIBCA.
    • NEW YORK--(BUSINESS WIRE)--June 9, 1999-- GMAC Commercial Mortgage Securities Inc.'s mortgage pass-through certificates, series 1999-C2, $150,250,000 class A-1; $548,955,000 class A-2 and interest-only class X ......
  • MORTGAGE FOR RETAIL CENTER.
    • GMAC Commercial Mortgage Corp. (GMACCM) said Jan. 10 it has provided US$32.5 million in floating-rate interim acquisition financing for a Barceloneta, Puerto Rico retail center....
  • Fitch Ratings Affirms Chase Series 2000-FL1.
    • NEW YORK -- Chase Commercial Mortgage Securities Corp., commercial mortgage pass-through certificates, series 2000-FL1 is affirmed by Fitch as follows: -- $64 million class A ......
  • Fitch Upgrades Classes D & E of Chase CMSC Series 1996-2.
    • NEW YORK -- Fitch Ratings upgrades Chase Commercial Mortgage Securities Corp., commercial mortgage pass-through certificates, series 1996-2, as follows: --$13.1 million class D to 'AA' ......
  • Niraj Patel.
    • Niraj Patel CIO GMAC Commercial Mortgage Corporation When considering the implementation of a process-driven technology versus an automated process, you need to ask one question: ......
  • GMACCM Completes Four Financing Deals
    • GMAC Commercial Mortgage Corp. has financed four separate financing transactions, amounting to approximately $300 million in real estate deals around the country, the firm announced ......
  • Wal-Mart acquisition.
    • GMAC Commercial Mortgage Corp. said May 28 it closed a US$400 million interim, floating-rate loan for the acquisition of a portfolio of six Wal-Mart anchored ......
  • PKF Capital Markets Group Brokers Sale of Mt. View Grand Resort & Spa in Whitefield, N.
    • WHITEFIELD, N.H. -- Officials of PKF Capital Markets Group, a leading, national brokerage firm specializing in the hospitality industry, today announced that it has ......
  • Fitch Upgrades 2 Classes of CS First Boston Series 1995 MF-1.
    • NEW YORK -- Fitch Ratings upgrades CS First Boston Mortgage Securities Corp.'s commercial mortgage pass-through certificates, series 1995-MF1, as follows: -- $5.5 million class SB ......
  • Fitch Ratings Affirms SASCO Series 1995-C4.
    • NEW YORK -- Fitch Ratings has affirmed the following class of pass-through certificates for Structured Asset Securities Corp. (SASCO), series 1995-C4, as follows: -- $4.6 ......
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