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Carey Watermark acquires Sawgrass Marriott    6 Oct, 2014

Carey Watermark Investors, a non-traded real estate investment trust, has acquired the 511-room Sawgrass Marriott Golf Resort & Spa, in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management. Terms of the deal were not disclosed. More>>

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End of an era: Hilton sells Waldorf Astoria to Chinese insurance group   6 Oct, 2014

Perhaps the most well-known hotel in the world, a host to foreign dignataries, movie stars, cultural icons and the monied upper crust, now has a new owner. Hilton Worldwide Holdings has agreed to sell the Waldorf Astoria hotel in Manhattan to Beijing-based Anbang Insurance Group Co. for a reported...More>>

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Miami company acquires One Bal Harbour hotel   3 Oct, 2014

The One Bal Harbour hotel in Miami has been sold to Lionstone Development. The South Florida Business Journal reports that the common area property plus 51 units of the hotel at 10295 Collins Avenue were sold for $13.4 million to the condominium association at a bankruptcy auction.More>>

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Metro Plaza in Phoenix sold, to become a Radisson   3 Oct, 2014

The Metro Plaza Hotel in Northwest Phoenix has been sold to a new owner, who plans to convert the hotel to a Radisson and reopen it in December 2014. The hotel will be fully remodeled, managed by San Diego-based R.A. Rauch & Associates and be open in time for the 2015 Super Bowl in Glendale. More>>

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Hyatt's sale of Park Hyatt in D.C. shows commitment to asset strategy   3 Oct, 2014

Hyatt Hotels Corporation announced it sold its Park Hyatt hotel in D.C. to a venture comprised of Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group. The sale price of the 216-room hotel was approximately $100 million or $463,000 per key. More>>

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PMZ closes loan on eight-hotel Northeast portfolio    2 Oct, 2014

PMZ Realty Capital announced it has closed a $94.65-million high-leverage loan, representing 85 percent of the total costs necessary to acquire and renovate a portfolio of eight hotels in New Jersey and Pennsylvania representing 934 keys. The total interest rate for the transaction was...More>>

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Waramaug makes Daytona Beach acquisition   2 Oct, 2014

Private investment group Waramaug LS Hotels has purchased the 122-room Courtyard by Marriott Daytona Beach Speedway/Airport hotel. Originally built in 2003, the hotel was last renovated in 2011 for $1.2 million. The purchase price was not disclosed. More>>

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Brooklyn lures hotel investors, customers, as alternative to Manhattan   2 Oct, 2014

The shadow Manhattan has cast on Brooklyn for years has undoubtedly lifted. And that's before you get to its hotel market. According to a report from realty service Massey Knakal, through the first half of 2014, Brooklyn’s hotel market is exhibiting very strong performance as growth in supply...More>>

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Ireland's Nama to put eight more hotels up for sale   1 Oct, 2014

The National Asset Management Agency (Nama) is planning to put another eight hotels in Ireland up for sale as it pares down loans and assets, reports the Irish Times. While the hotels will be marketed as part of a portfolio, they are expected to be sold separately given their different geographic...More>>

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Lodging Dynamics acquires Illinois Staybridge   1 Oct, 2014

Lodging Dynamics Hospitality Group has made another acquisition through the company’s affiliated equity fund, LD Hotel Group I: a 105-room Staybridge Suites, in Peoria, Ill. The fund is raising up to $60,000,000 to fund additional future acquisitions.More>>

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