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Driftwood secures $257M for Westin Cocoa Beach Resort

Hotel Business

Driftwood Capital has secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE) financing for its signature Westin Cocoa Beach Resort & Spa on Floridas Space Coast. The company also secured a $50 million credit facility from Amerant Bank at the holding company/fund level.

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Bridge launches ground-up construction lending program

Hotel Business

Bridge , a digital platform that connects middle-market developers with a network of debt capital providers, has launched its ground-up construction lending program, an in-house lending program designed to support construction and rehab projects for franchised hotels.

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Peachtree breaks ground on San Antonio Residence Inn

Hotel Business

“The Residence Inn will cater to the diverse demand drivers of San Antonio, including its thriving tourism sector and extensive corporate presence. . “San Antonio is a unique market with a growing need for extended-stay hotels,” said Greg Friedman, managing principal/CEO, Peachtree.

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Scott Pickett launches new café on a heritage property

Hospitality Magazine

Constructed in 1847, the heritage property features a mix of Australian Regency and Italianate architecture and is owned and operated by the National Trust of Australia (Victoria). It also runs catering through SP Events. The caf is housed in the estates form gardeners sheds, surrounded by the picturesque heritage gardens.

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Two new contracts executed under Choice’s SOAR program

Hotel Business

The 82-room hotel is slated to begin construction next year and will cater to the area’s wellness-focused and adventure-seeking visitors drawn by attractions like natural hot springs and Spaceport America. Ben Rohlfing, Amanda Rohlfing and Bob Schultz executed a conversion contract for Rodeway Inn Effingham.

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Sonesta introduces new Simply Suites prototype

Hotel Business

Sonesta International Hotels Corporation has unveiled its new Sonesta Simply Suites prototype, which it said is “a streamlined, market-responsive design catering to modern extended-stay travelers.”

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When the Caterer Doesn’t Show

EATER

Ria Osborne A no-show caterer, fights over canapes, fallen cakes: The reception horror stories that live on in the memories of wedding professionals I once attended a wedding where, on my way to the bathroom, I noticed a dead fly stuck in the pristine white frosting of the otherwise beautiful three-tiered wedding cake.