Winston Hotels, Raleigh, N.C., has formed Winston Finance, a subsidiary that will be responsible for the hotel real estate investment trust's subordinated financing program.The REIT has also promoted Joseph V. Green to president. Mr. Green, who will also continue to serve as chief financial officer, has 25 years of experience in the hospitality sector, Winston said. "Winston Hotels is poised to respond to the economic recovery," Mr. Green said. "With our recent follow-on stock offering we have the flexibility and funding to proactively expand our business." The REIT also announced the promotion of Kenneth R. Crockett to chief operating officer. He will also be a managing director of Winston Finance.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
July 3 -
The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
July 3 -
The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3