[New post] Venture Targeting $1Bln of Investments in Upscale, Luxury Hotels

Dan Moynihan posted: "Commercial Real Estate Direct Staff Report Georgetown Co. and First Hospitality have formed a venture that is aiming to make $1 billion of hotel investments in the coming years. The venture has secured $500 million of equity commitments and expects " New post on Commercial Real Estate Direct Venture Targeting $1Bln of Investments in Upscale, Luxury Hotels by Dan Moynihan Commercial Real Estate Direct Staff Report Georgetown Co. and First Hospitality have formed a venture that is aiming to make $1 billion of hotel investments in the coming years. The venture has secured $500 million of equity commitments and expects to obtain mortgages for 50 percent of a property's purchase price. It is targeting upscale […] Read more of this post Dan Moynihan | September 28, 2021 at 5:51 pm | Categories: General News | URL: https://wp.me/pcdE10-2iSI Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/09/28/venture-targeting-1bln-of-investments-in-upscale-luxury-hotels/