LODGING Staff - 10 Minutes News for Hoteliers - Page 64

Avatar Financial Group Provides $5.1 Million Bridge Loan for Hampton Inn & Suites Denver-Littleton

🏨 Avatar Financial Group provided a $5.1 million bridge loan for Hampton Inn & Suites Denver-Littleton, an 89-suite hotel in Littleton, Colorado. The two-year loan, set at 53% loan-to-value, refinanced a maturing loan and aids in completing a Hilton Property Improvement Plan (PIP). Built in 2006, renovated in 2019, the 58,458-square-foot hotel includes 2,500 square feet of meeting space and is located in Ken-Caryl Business Park near Denver.

2 min

G6 Hospitality to Host Largest-Ever Franchise Conference in Cancún, Mexico, April 2026 with 1200 Attendees

📹 G6 Hospitality will hold its largest annual franchise conference in Cancún, Mexico, from April 27-30, 2026, with over 1,200 participants. Indian artists like Sonu Nigam, Falguni Pathak, and Sunil Grover will perform. Business sessions will cover topics such as hotel valuation, financing, cost-saving technologies, and AI. The conference aims to strengthen operations and discuss future growth. CEO Sonal Sinha emphasizes collaboration and resilience achieved with franchise partners.

Peachtree Group Appoints Mike Morey as Executive Vice President of Capital Markets to Enhance Insurance Partnerships

📈 Mike Morey joined Peachtree Group as Executive Vice President of Capital Markets in April 2026, based in Atlanta, Georgia. Morey, with over 15 years at The Standard, will focus on expanding lender relationships and optimizing capital sourcing. He has held roles at Intervest Mortgage Investment Co., and Portland State University. Peachtree CEO Greg Friedman emphasized Morey's role in enhancing partnerships with insurance companies to offer better lending options.

AAHOA Elects New Board and Secretary Dhiren Masters for 2026-27, Focusing on Member Advocacy and Growth

🏨 AAHOA announced its new 2026-27 Board of Directors during its convention in Philadelphia, appointing Dhiren Masters as Secretary. AAHOA represents over 20,000 members. Masters brings nine years of leadership, including roles in North Texas and various committees. Rahul Patel chairs the board. Newly elected regional directors include Animesh Patel (Arkansas) and Meghna Patel (South Florida). Three industry partners join: Fahem Khan (JPMorgan Chase), Nil Kumar (Anand Systems), and Kevin Sloan (Gauthier, Murphy & Houghtaling).

2 min

Courtyard by Marriott Waikiki Beach Completes Comprehensive Renovation, Introducing New Dining and Guest Experiences

🏨 In Honolulu, Hawaii, Courtyard by Marriott Waikiki Beach completed a renovation of its property, including updated guestrooms and an 850 sq ft penthouse. Led by design firm //3877, the project introduced a new open-air lobby, dining options like Aloha Amigo and Peppermint Café & Pool Bar, and enhanced amenities such as a mini golf course and a saltwater pool. The hotel’s culinary offerings are provided by ZETTON Inc, featuring island-Mexican fusion dishes and island-sourced beverages.

1 min

Hunter Advisors Sells 141-Room Aloft San Antonio Airport Hotel to Armada Investments for Expansion Opportunities

🛩️ Hunter Advisors announced the sale of the 141-room Aloft San Antonio Airport in San Antonio, Texas. Built in 2009, the property is near the San Antonio International Airport, which is undergoing a $2.5 billion expansion. Armada Investments LP purchased the Marriott-branded hotel. The transaction was led by Kami Burnette and Mason McDavid. Plans include completing a PIP and implementing strategies to improve margins. This reflects investor interest in Texas markets.

1 min

AAHOA Appoints Rahul Patel as Chairman of the Board for the 2026–2027 Term at AAHOACON26

🏨 Rahul Patel was appointed as the 36th Chairman of AAHOA for the 2026–2027 term, assuming the role after AAHOACON26 on April 10, 2026, in Philadelphia. His theme, "Strong Roots, Stronger AAHOA," emphasizes member engagement, addressing insurance costs, and improving education. Elected Secretary in 2023, Patel aims to enhance profitability and fairness for members. AAHOA President Laura Lee Blake commended his leadership and focus on advocacy and diversity within the hotel industry.

2 min

Omni Hotels & Resorts Partners with Peter Millar for Branded Suites and Coffee Shop, Opening by 2028

📅 April 2026, Omni Hotels & Resorts will unveil custom Peter Millar suites at Omni La Costa Resort & Spa in Carlsbad, California, and Omni PGA Frisco Resort & Spa in Frisco, Texas. The partnership marks Omni’s first brand-wide collaboration and Peter Millar’s entry into hospitality. Details include bespoke cashmere blankets, golf bags, and custom coffee offerings. Additionally, a Peter Millar Coffee Shop will open at Omni Raleigh Hotel in late 2028, featuring Black & White Coffee Roasters products.

2 min

Walker & Dunlop Arranges $104.5 Million Loan for Ritz-Carlton Savannah Construction in Historic District

🏠 Walker & Dunlop arranged a $104.5 million loan for TMGOC Ventures to construct the Ritz-Carlton Savannah, a 15-story luxury hotel in Savannah's Historic District, leveraging historic tax credits. Featuring 168 keys, the project repurposes two historic buildings, initially built in 1911, and includes multiple dining venues. Located near Savannah's economic hubs, it aims to meet luxury hospitality demand. Key advisors included Aaron Appel, Jonathan Schwartz, and Keith Kurland.

2 min

Walker & Dunlop Arranges $104.5 Million Loan for Ritz-Carlton Savannah Hotel Construction in Historic District

🏠 In Bethesda, Maryland, Walker & Dunlop arranged a $104.5 million construction loan for the Ritz-Carlton Savannah, a 15-story luxury hotel. Part of Savannah's Historic District, this project redevelops two office buildings into a 168-room hotel with amenities and food outlets. Expected to enhance local hospitality, the hotel benefits from historic tax credit programs. Located near River Street and major attractions, it's set to meet luxury demand. The original building dates back to 1911.

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