Mark Fair News Today

CBRE represented the seller in deal valued at $137.3 million.

HOT PROPERTIES: North Charleston hotel part of $137M sale

In a joint venture, Dallas-based NewcrestImage and Phoenix-based Hospitality Capital Partners (HCP) have acquired 16 hotels with a total of 2,155 rooms for $137.3 million from Service Properties Trust, a Massachusetts-based REIT. The transaction was handled by Al Calhoun and Mark Fair at CBRE in Atlanta.

A joint venture of NewcrestImage and Hospitality Capital Partners (HCP) has completed acquisition of 11 hotels in seven states with a total of 1,551 rooms in a transaction handled by Al Calhoun and Mark Fair at CBRE in Atlanta.

CBRE has arranged the sale of a 65-property, 7,865-key hotel portfolio located across 27 states. Massachusetts-based REIT, Service Properties Trust, sold the portfolio to 21 separate buyers for a total consideration of approximately $514 million.

Are already working on multiple contingency plans. one is to ramp up the production of vaccines they already have, the next is to make for example a bivalent where you have the vaccine against both the ancestral strain and the new variant, and the other is to make a variant—specific boost. but ten days since it was reported to the world health organization, big questions remain such as... could that spell the beginning of the end of the pandemic? and on a lighter note... mark lobel, bbc news. ...