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Assurance acquires 3 in Colorado. Salt Lake City, Utah-based Assurance Hospitality and Affiliates has acquired three Marriott hotels in Longmont, Colorado: the 78-key Courtyard Boulder Longmont, the 90-key SpringHill Suites Boulder Longmont and the 84-key Residence Inn Boulder Longmont, along with The Meeting Place, a 1,860-square-foot meeting and event space, from an institutional seller for an undisclosed amount. The financing included two conventional loans totaling $10.2 million and a $6.2 million SBA-backed loan, according to Hunter Hotel Advisors, which facilitated the transaction.
NYC casino plans rejected. Plans to build New York City’s first full-service casino in Manhattan may have been put on hold for good as a local panel on Monday rejected the last of three Manhattan proposals that had been among those vying for a new state license to operate a Las Vegas-style casino in the lucrative New York City market. The proposal, a six-acre project near the United Nations headquarters dubbed “Freedom Plaza” and operated by Mohegan, the gaming company run by Connecticut’s Mohegan Tribe, was denied by a state-commissioned community advisory committee on a 4-2 vote. Five proposals remain in the race for up to three gaming licenses. Among them is a proposed Bally’s casino on a Bronx public golf course once run by President Donald Trump’s company, a gambling hall envisioned for Coney Island’s boardwalk in Brooklyn, and a Hard Rock casino proposed next to Citi Field in Queens, where the New York Mets play.
ESA sells 3 in the Philadelphia area. Extended Stay America has sold three Philadelphia-area hotels for more than $18.7 million combined, according to a story in the Philadelphia Business Journal. Newark, Delaware-based Niti Group purchased the 101-key Extended Stay America Suites Philadelphia Exton for more than…