Shaner Hotel Group, one of the hospitality industrys leading owner-operators of full- and select-service hotels, today announced that its Chairman and CEO, President and other company executives will participate in formal ribbon-cutting ceremonies today for the New Buffalo Marriott HARBORCENTER hotel in downtown Buffalos Canalside district.
Shaner Hotel Group, one of the hospitality industry's leading owner-operators of full- and select-service hotels, today announced that it will convert its existing Crowne Plaza Hotel in Paramus, New Jersey to a Fairfield Inn & Suites by Marriott International to better serve business and leisure travelers seeking a productive work environment, a host of complimentary amenities and thoughtfully designed rooms and suites.
Shaner Hotel Holdings L.P., one of the hospitality industry's leading owner-operators of full- and select-service hotels, today announced that it has closed on its $226.6 million commercial mortgage-backed securities (CMBS) loan with JP Morgan Chase, paving the way for the company to reposition and expand its hotel portfolio for continued growth.
ONE DAYTONA, the proposed world-class mixed-use and entertainment destination across from Daytona International Speedway, selected Shaner Hotels and Prime Hospitality Group (PHG) as its hotel partners.
Officials of Shaner Hotel Group (SHG) today announced the formation of Shaner Hospitality Finance, LLC (“the Company”), a REIT that will provide equity and/or debt for a wide array of hotel financing needs, including funding for PIPS, refinancing, purchasing existing loans and preferred equity infusions for acquisitions.
The hotel will undertake a multi-million Euro renovation and convert to Marriott's Renaissance brand late this year or in early 2012 under the name Renaissance Il Ciocco Tuscany Resort & Spa. Shaner Ciocco, a subsidiary of Shaner Italia, will manage the five-star level hotel.
Officials of Shaner Hotel Group (SHG) today announced plans to acquire between $300 million and $500 million in hotel assets over the near term, possibly as soon as by year-end. The company also announced that its Shaner Mortgage Real Estate Investment Trust (REIT), funded by Shaner and Five Arrows Realty Securities V, L.