Latest news: $324M loan for Four Seasons residences; boutique for Alabama; sale in Louisville

$324M loan for Four Seasons. CMC Group and Fort Partners have closed a $323.8 million construction loan from Bank OZK for Four Seasons Private Residences Coconut Grove, a 20-story waterfront residential tower in Miami’s Coconut Grove neighborhood. The financing supports Florida’s first standalone Four Seasons-branded residential development without an accompanying hotel component. The project broke ground in October and is advancing on schedule toward a mid-2028 completion, with the tower planned to deliver 70 residences.

New hotel in Alabama. Allred Companies plans to break ground on a new boutique hotel in Florence, Alabama, that is currently in the permitting phase. Construction on the site is scheduled to begin in February, with vertical construction anticipated to start later in the year. The 110-key Hotel Wilson is projected to be completed at the end of 2027 and will be part of Hilton’s Tapestry Collection brand. It will be managed by Atlanta-based Valor Hospitality Partners.

$61M refi in Florida. Orlando-based The Kessler Collection has secured a $61 million refinance of the Casa Monica Resort & Spa, Autograph Collection, a full-service luxury hotel in St. Augustine, Florida. Berkadia secured the financing. This marks the second deal Berkadia has completed with Kessler in the last three months.

First Hospitality F&B vertical. Chicago-based First Hospitality has entered into a strategic partnership with hospitality development agency Ring On Hook to launch the company’s first dedicated restaurant and bar vertical. As First Hospitality’s restaurant concept partner, Ring On Hook will support the company across the full lifecycle of restaurant and bar projects, from early-stage concept development and design coordination to pre-opening execution, training and post-opening performance optimization.

Evergreen acquires in Louisville. Evergreen Hospitality has acquired the 94-key Staybridge Suites Louisville-East in Kentucky from an undisclosed seller for an undisclosed amount. The buyer plans extensive renovations three-story, extended-stay hotel. The sale was brokered by Hunter Hotel Advisors.

Lopesan opening 3 in DR. Canary Islands, Spain-based Lopesan Hotel Group is expanding its footprint in the Dominican Republic with the introduction of three new resorts opening in late spring of 2026: Lopesan Caoba Lagoon Resort, Spa & Casino; the 239-key Lopesan Serenity Bay and the 244-key Lopesan Splash Cove.

Choice’s Everhome expands. Everhome Suites, the midscale extended-stay brand from Choice Hotels International, continues to expand its national footprint with recent openings in Texas, Kentucky, and New Jersey. These additions mark a significant milestone for the brand, with 27 Everhome Suites properties now open nationwide. The latest additions to the Everhome Suites portfolio include the Everhome Suites San Antonio in Texas, which opened in October;  the Everhome Suites Bowling Green in Kentucky, which opened in November and the Everhome Suites Somerset in New Jersey, which opened in late December.

IHG adds in India. IHG Hotels & Resorts has signed a management agreement with Rajdeep Infra & Sales Pvt. Ltd. for the development of voco Lucknow, which is scheduled to open in the third quarter of 2029. The 135-key hotel is currently under construction and will be IHG’s third hotel in Lucknow. IHG currently operates 51 hotels across six brands in India, with a pipeline of 80 hotels under development.