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AHIP makes deal for Fla. Marriott select-service portfolio   15 Jun, 2015

American Hotel Income Properties has agreed to acquire a portfolio of three Marriott-branded, select-service hotels located in Ocala, Fla., for an aggregate purchase price of $30.8 million. The purchase price does not include $3.2 million for the completion of brand-mandated property improvement...More>>

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Ashford continues buying spree with Atlanta W   15 Jun, 2015

Ashford Hospitality Trust has signed a definitive agreement to acquire the 237-room W Atlanta Downtown hotel for $56.8 million, or $239,000 per key, another recent acquisition for AHT, which has been expanding its portfolio of late. AHT said it intends to finance the property with approximately...More>>

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Sam Zell to sell Chicago Waldorf Astoria to former Strategic head   12 Jun, 2015

A venture led by Laurence Geller is set to acquire the Waldorf Astoria in Chicago from Sam Zell for $113 million, or $600,000 per key for the 188-room hotel. The purchase price would reportedly be the highest per-room price ever paid for a Chicago hotel, since Zell originally acquired the property,...More>>

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East Coast Realty Ventures sells Miami's Clinton Hotel for $28.5 million   12 Jun, 2015

The Commercial division for national real estate firm Douglas Elliman, lead in the South Florida market by David Restainer as Douglas Elliman Commercial Florida, was named exclusive broker to market the historic Art Deco property in 2014.More>>

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WHI sells Holiday Inn in Joplin, MO   12 Jun, 2015

The property was sold to Conor Acquisitions Group at an undisclosed price and will be converted to a DoubleTree Hotel after completion of the planned $6 million renovation during the next twelve months. More>>

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Europe's KKR, Algonquin make two buys in Antwerp   11 Jun, 2015

Global investment firm KKR has announced the purchase of the Radisson Blu Astrid Hotel and the Park Inn Hotel in Antwerp, Belgium, in a joint venture with Algonquin, an independent hotel group with offices throughout Europe. Both the 247-room Radisson Blu and the 59-room Park Inn are situated on...More>>

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SLS South Beach sold for $125M to investors from Guernsey   10 Jun, 2015

The 140-room SLS Hotel South Beach has been sold for $125 million, or $892,857 per room, to investors from the island of Guernsey. The hotel was sold by sbe Entertainment Group and CIM Group to GoldenPeaks Capital Real Estate, an international real estate industry management company.More>>

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Hersha Hospitality Trust acquires D.C.'s St. Gregory Hotel    9 Jun, 2015

Hersha Hospitality Trust has entered into a purchase agreement for the 155-room St. Gregory Hotel & Suites in Washington, D.C., for $57 million, or around $367,000 per key, showing the strength and pricing non-branded hotels can command.More>>

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Amid transformation, Starwood sticks to old formula   9 Jun, 2015

The asset-light approach is a strategy most hotel companies today are onboard with: selling owned real estate and concentrating on generating revenue through franchising and management fees. It's a tactic Starwood knows well and continues to thrive on as it looks to make good on completing $800...More>>

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ARC Hospitality in buying mode, acquires Summit portfolio   8 Jun, 2015

American Realty Capital Hospitality Trust has agreed to acquire a portfolio of 26 hotels for a purchase price of $351.4 million from REIT Summit Hotel Properties. The portfolio consists of 25 branded select-service and extended-stay hotels and one full-service hotel. It totals 2,793 rooms in 11...More>>

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