Latest news: Hilton resort push in Europe; jingle mail in SF; Remington adds in Texas

Hilton grows resort portfolio in Europe. Hilton is expanding its resort portfolio in Europe (Italy, Greece, Croatia and Malta) with 10 hotels opening this summer across its soft brands and DoubleTree by Hilton brand in. Hilton also announced franchise agreements this week for four hotels: Hilton Alvor in Portugal’s Algarve with the Mercan Group; two hotels in Ibiza under its Curio Collection by Hilton brand with Hotel Investment Partners; and a Curio Collection on Crete with Numo Hospitality. In the last year alone, Hilton signed more than 20 resort hotels across Europe, Middle East and Africa as part of a strategy to develop its portfolio of resort hotels, which has doubled in the last five years and now stands at more than 300 hotels worldwide.

Jingle mail in SF. DiNapoli Capital Partners has turned over the 248-room Kimpton Alton Fisherman’s Wharf hotel in San Francisco to the lender, according to multiple reports. The lender, a Minneapolis-based affiliate of AB CarVal Investors, along with Ramsfield Hospitality Finance, provided an $85 million loan in March 2022. Just over $88.1 million was due, according to a deed in lieu of foreclosure filed in San Francisco. The DiNapoli acquired the property in 2018 for $44.8 million. After the news broke, Crestline Hotels & Resorts was named the new property manager.

Blackstone refi. Morgan Stanley and Société Générale closed a $428.5 million refinance for a portfolio of 23 hotels owned by Blackstone, according to the Commercial Observer. The two-year, floating-rate loan features three one-year extension options and is being securitized in the BX 2024-BRVE CMBS deal, sources said.

Nobu to Bulgaria. Nobu Hospitality is developing the Nobu Hotel and Restaurant Sofia and Nobu Hotel and Restaurant Varna – both in Bulgaria and owned by BSPF Bulgaria EAD and GHV-Dolphins EAD. No other details about the projects are available.

Remington adds in Corpus Christi. Remington Hospitality, today with 134 hotels across 33 brands, has unveiled the rebranding and full renovation of the 236-room Holiday Inn Corpus Christi Airport & Conference Center, as the company assumes management of the property. This venture signifies Remington's inaugural partnership with Domus Holdings, LLC, and its debut in Corpus Christi, Texas.

Sevilla property trades. Paris-based hospitality PE firm Extendam has acquired the 140-room Hilton Garden Inn Sevilla in Spain from Aliseda Inmobiliaria, an entity controlled by funds from Blackstone. The hotel will be operated by Continuum Hospitality Group, marking the seventh joint operation between the owner and operator.