Residence Inn by Marriott

EB5 Capital Receives I-956F Approvals for San Luis Obispo Marriott Hotels (JF31) and SouthFace Village at Okemo (JF36) Projects

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星期四, 五月 30, 2024
Unemployment, Legislation, EB-5, Sale, SpringHill Suites, Form, Immigration, Marriott Hotels & Resorts, RIA, TEA, Residence Inn by Marriott, USCIS, Tourism

Since the EB-5 Reform and Integrity Act of 2022 (RIA) was enacted, EB5 Capital has obtained Form I-956F project approvals across a total of nine EB-5 projects.

Key Points: 
  • Since the EB-5 Reform and Integrity Act of 2022 (RIA) was enacted, EB5 Capital has obtained Form I-956F project approvals across a total of nine EB-5 projects.
  • These Form I-956F approvals signify that USCIS, the government agency that oversees the EB-5 Immigrant Investor Program, has assessed, and verified the compliance of the EB-5 project.
  • San Luis Obispo Marriott Hotels (JF31), the other EB5 Capital project recently approved by USCIS, is a four-story Marriott dual-branded Residence Inn and SpringHill Suites hotel in San Luis Obispo, California.
  • Now that both projects are approved with USCIS, EB5 Capital is looking forward to receiving individual I-526E petition approvals soon.

Curia and Carterra Partner on Biologics Symposium to Further Biotechnology Research in the Pacific Northwest

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星期四, 五月 9, 2024
Antibody, Biopharmaceutical, Residence Inn by Marriott, Nature, Surface plasmon resonance, LSA, SPR, Marketing, Partnership, Cell, NGS, Therapy, Drug discovery, Pharmaceutical industry

The purpose of the collaboration is to promote the rising biotech focus within the Pacific Northwest region of the U.S and Canada.

Key Points: 
  • The purpose of the collaboration is to promote the rising biotech focus within the Pacific Northwest region of the U.S and Canada.
  • The symposium will bring together all levels of scientific leadership from the biotech and pharma communities.
  • "We are thrilled to be partnering with Carterra to organize this antibody discovery symposium, bringing the Pacific Northwest biotech community together and sharing the latest advances in antibody discovery," said Steve Lavezoli, Vice President of Biologics at Curia.
  • Coming to the Pacific Northwest is an opportunity to create a deeper understanding of the technology in pharma and biotechs in this region.”

Chatham Lodging Trust Announces First Quarter 2024 Results

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星期一, 五月 6, 2024
Professional Services, Other Travel, Other Construction & Property, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Travel, Other Professional Services, REIT, Finance, Consulting, Public expenditure, Capital One, Residence Inn by Marriott, Homewood Suites by Hilton, Investment, Trustee, Security (finance)

During the 2024 first quarter, the company incurred capital expenditures of $10 million.

Key Points: 
  • During the 2024 first quarter, the company incurred capital expenditures of $10 million.
  • No renovations are planned for the 2024 second quarter.
  • During the first quarter, Chatham used free cash flow to reduce its net debt by approximately $6 million.
  • As of March 31, 2024, the company had net debt of $412 million (total consolidated debt less unrestricted cash).

Commonwealth Hotels Appoints Latrina Wright to General Manager of the Residence Inn by Marriott Kenwood

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星期二, 四月 30, 2024
Xavier University, Residence Inn by Marriott, Business, Business administration, TownePlace Suites, Hotel

COVINGTON, Ky., April 30, 2024 /PRNewswire/ -- Commonwealth Hotels announced today that Latrina Wright has been appointed the general manager of the Residence Inn by Marriott Kenwood .

Key Points: 
  • COVINGTON, Ky., April 30, 2024 /PRNewswire/ -- Commonwealth Hotels announced today that Latrina Wright has been appointed the general manager of the Residence Inn by Marriott Kenwood .
  • https://www.marriott.com/hotels/travel/cvgca-courtyard-cincinnati-airport/ Ms. Wright brings over 20 years of hospitality experience to her new role as general manager, having previously served as the general manager of the Residence Inn & Suites in Mason, Ohio.
  • "We are excited to welcome Trina to the team," said Jennifer Porter, president of Commonwealth Hotels.
  • Before joining the Residence Inn Kenwood, Wright served in multiple leadership roles with Courtyard, Four Points, and TownePlace Suites.

Residence Inn Fayetteville Celebrates Renovation with Ribbon Cutting Ceremony

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星期三, 四月 24, 2024
Residence Inn by Marriott, Airborne, Fayetteville State University, Character, Chamber of commerce, Marketing, Military personnel, Commerce, Golden Joystick Awards, Hotel

FAYETTEVILLE, N.C., April 24, 2024 /PRNewswire/ -- The Residence Inn by Marriott Fayetteville Cross Creek, NC celebrated its extensive renovation with a ribbon-cutting event on Tuesday, April 16, 2024. The property, located at 1468 Skibo Road, debuted its significant upgrades surrounded by community guests and local business leaders.

Key Points: 
  • FAYETTEVILLE, N.C., April 24, 2024 /PRNewswire/ -- The Residence Inn by Marriott Fayetteville Cross Creek, NC celebrated its extensive renovation with a ribbon-cutting event on Tuesday, April 16, 2024.
  • The hotel team at the Residence Fayetteville Cross Creek hosted the event with a mystery theme, transforming attendees into detectives for an interactive adventure.
  • Following the ribbon cutting ceremony, the hotel hosted a Chamber networking event, fostering connections within the local business community.
  • For further information about the Residence Inn Fayetteville/Cross Creek or to book a stay, please visit www.marriott.com/fayri or contact the hotel at 910-868-9005.

Zum to Host Second School Bus Driver Hiring Event for Reading Public Schools

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星期四, 四月 18, 2024
Residence Inn by Marriott, Great Places, Safety, Disability, School, Transport, ZUM, Student, Nursing

REDWOOD CITY, Calif., April 18, 2024 /PRNewswire/ -- Zūm will host a hiring event for school bus drivers on Tuesday, April 23, 2024, from 9 a.m. to 6 p.m. at the Residence Inn (45 Berkshire Ct., Wyomissing, PA 19610).

Key Points: 
  • Zum is hiring 120 school bus drivers and attendants to serve the families of Reading Public Schools beginning in the 2024-25 school year.
  • Existing school bus drivers as well as anyone considering a new career are encouraged to attend.
  • "We deeply value bus drivers, who are the center of what we do at Zum.
  • Zum is known for alleviating school bus driver shortages and is a "Great Places to Work" certified company.

Peachtree Group Thrives Amid Debt Market Dislocation, Anticipates Deploying $1.0 Billion in Real Estate Credit Investments

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星期一, 三月 18, 2024
Finance, Other Construction & Property, Professional Services, Commercial Building & Real Estate, Construction & Property, Autograph Collection, Suite, Atlanta Hotel, Mortgage Bankers Association, Collection, Residence Inn by Marriott, Housing, Investment, Multimedia, Commercial property

Peachtree Group (“Peachtree”), a diversified commercial real estate investment firm, announced it has closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the next 30 to 45 days.

Key Points: 
  • Peachtree Group (“Peachtree”), a diversified commercial real estate investment firm, announced it has closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the next 30 to 45 days.
  • View the full release here: https://www.businesswire.com/news/home/20240318128752/en/
    Peachtree Group (“Peachtree”), a diversified commercial real estate investment firm, announced it has closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the next 30 to 45 days.
  • The pressing need to refinance maturing debt, estimated at $2.8 trillion in U.S. commercial real estate debt by the end of 2028, is a growing concern.
  • Peachtree Group Credit, formerly Stonehill, ranked as the 8th largest U.S. commercial real estate hotel lender by the Mortgage Bankers Association in its last loan origination rankings.

CIM Group Closes $18.3 Million Loan for Acquisition of Residence Inn Salt Lake City Cottonwood

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星期一, 三月 11, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional Services, Business, Lodging, Destinations, Residential Building & Real Estate, Travel, CIM Group, CIM, Residence Inn by Marriott, Skiing, Patient, Golf, Acquisition, Consultant, Wasatch Range, Hotel

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that its CIM Real Estate Debt Solutions business closed an $18.3 million loan on behalf of a CIM-managed fund to PEG Companies for the acquisition of the Residence Inn Salt Lake City Cottonwood (“Residence Inn”).

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that its CIM Real Estate Debt Solutions business closed an $18.3 million loan on behalf of a CIM-managed fund to PEG Companies for the acquisition of the Residence Inn Salt Lake City Cottonwood (“Residence Inn”).
  • Built in 1999 and renovated in 2013, the Residence Inn is an all-suites extended stay hotel consisting of 144 guest rooms located at 6425 S. 3000 E in Salt Lake City near the city of Cottonwood.
  • The Residence Inn is the only extended stay hotel in the Cottonwood area and close to the nearby canyons which are popular visitor destinations.
  • The loan for the Residence Inn continues CIM Group’s growth of its hospitality lending focus beyond the full-service sector, further expanding the capital commitment into the select and extended stay sector since 2023.

Wyndham Enters Upscale Extended Stay with WaterWalk

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星期二, 四月 2, 2024
Candlewood Suites, OTA, Growth, USA Today, ECHO, Residence Inn by Marriott, LIVE, Wyndham Hotels & Resorts, Travel + Leisure Co., Tourism

PARSIPPANY, N.J., April 2, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts is expanding into the upscale extended stay segment, launching a strategic relationship with industry innovator WaterWalk. The deal adds 11 hotels and over 1,500 rooms to the Wyndham ecosystem, rebranding them under the newly created WaterWalk Extended Stay by Wyndham brand, the 25th in Wyndham's portfolio. Located in key markets such as Tucson, Jacksonville and Wichita, the offerings perfectly compliment Wyndham's existing economy and midscale extended stay brands and cater to guests seeking a local, yet elevated stay with the comforts of home.

Key Points: 
  • PARSIPPANY, N.J., April 2, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts is expanding into the upscale extended stay segment, launching a strategic relationship with industry innovator WaterWalk.
  • The deal adds 11 hotels and over 1,500 rooms to the Wyndham ecosystem, rebranding them under the newly created WaterWalk Extended Stay by Wyndham brand, the 25th in Wyndham's portfolio.
  • Positioned squarely in the upscale segment, WaterWalk brings a fresh take to the traditional extended stay experience with its unique LIVE|STAY model.
  • WaterWalk marks Wyndham's third extended stay brand, joining ECHO SuitesSM Extended Stay by Wyndham and Hawthorn® Extended Stay by Wyndham.

LBA HOSPITALITY AND OM SAI HOSPITALITY CELEBRATE THE GRAND OPENING OF RESIDENCE INN GALVESTON ISLAND

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星期三, 三月 20, 2024
LBA, Partnership, UTMB, Galveston College, Shriners Hospitals for Children, Pier, Residence Inn by Marriott, Heart, Hospital, Texas A&M University, Hotel

The opening of the Residence Inn Galveston Island is a significant milestone for LBA as it represents their first collaboration with the owners of Om Sai Hospitality.

Key Points: 
  • The opening of the Residence Inn Galveston Island is a significant milestone for LBA as it represents their first collaboration with the owners of Om Sai Hospitality.
  • This partnership is a natural extension of LBA's existing relationship with Details Hotel Group, also co-owners of Om Sai Hospitality.
  • "Their track record speaks for itself, and it's why Om Sai Hospitality confidently chose LBA as our go-to management partner for this new Galveston Island hotel.
  • Reservations for Residence Inn Galveston Island can be made online at www.marriott.com/hourg or by calling the hotel directly at 409-465-3191.