Hilton Worldwide Holdings is acquiring five hotels in California and Florida for a total purchase price of $1.76 billion. Hilton is using the proceeds of its $1.95 billion sale of the Waldorf Astoria New York for the acquisition, structuring the transaction as a 1031 exchange. The company has about $100 million left from the 1031 transaction and plans to make additional acquisitions over the next six months. Read the GlobeSt.com story here
84 Lumber Again Recognized as National Preferred Partner by David Weekley Homes
84 Lumber was recognized for the sixth consecutive year on David Weekley Homes’ prestigious 21st annual National Preferred Partner List. The company earned its place among 118 distinguished competitors, marking another milestone
