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Houston Firm Buying 149 Hotels from Goldman Sachs Unit for $1.7 Billion

HOUSTON – Moody National REIT I, a Houston-based hotel group, has agreed to buy 149 hotels from a real estate arm of Goldman Sachs for $1.7 billion. The deal represents a huge growth initiative for the Houston REIT, which had a portfolio of only seven hotels at the beginning of 2015. The hotel portfolio includes 14,000 rooms spread across 32 ... Read More »

Singapore Group Joins Hines to Develop 72-Story Tower in NYC

  New York – The 72-story residential tower to be developed by Hines adjacent to New York’s Museum of Modern Art has added Pontiac Land Group of Singapore as a partner in the landmark project. The sweeping 72-story, 750,000-sf tower, designed by Pritzker Prize-winning architect Jean Nouvel, will house 145 highest-end condominium residences, designed by world-renowned architect Thierry Despont. In ... Read More »

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