Transactions
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Two transactions focus on high-end hotels in Puerto Rico   13 Mar, 2014

Paulson & Co. spent $260 million to acquire a majority interest in two hotels in Puerto Rico The Encanto Group also announced that it purchased two hotels for an undisclosed amount and plans to spend $200 million to renovate the properties.More>>

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RLJ Lodging closes on $313M Hyatt portfolio   13 Mar, 2014

RLJ Lodging Trust and Hyatt Hotels Corporation have announced that their affiliates have closed on the previously announced purchase and sale of 10 Hyatt, Hyatt Place and Hyatt House hotels, totaling 1,560 rooms. Hyatt affiliates will manage the hotels under new management agreements.More>>

The Hampton Inn & Suites San Jose, Calif., Newswire
Ownership market healthy as cash flow, transactions improve   12 Mar, 2014

Improved cash flow and transactions market have kept ownership of hotels feasible and lucrative.More>>

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SBA loan funds acquisition of Comfort Suites near San Jose Airport    7 Mar, 2014

TMC Financing has announced that the Comfort Suites San Jose Airport hotel was acquired with a 20-year fixed-rate, SBA 504 loan for $6.6 million. The hotel is now family owned by Jashvant and Hasaben Patel.More>>

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IHIF: Hotel Sales to International Buyers Almost Triple in 12 Months   4 Mar, 2014

Colliers reported that 19 percent of UK sales in 2013 were to international buyers, 60 percent of which were to buyers originating from China or the Far East, whilst 24 percent were from continental Europe – a stark contrast to 2012 where only around 7 percent of their UK sales were to...More>>

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Lehman sells Maui’s Ritz-Carlton, Kapalua for upwards of $200M   28 Feb, 2014

The Ritz-Carlton, Kapalua on Maui has a new owner. Los Angeles-based firms Woodbridge Capital Partners and Colony Capital, and its affiliates including Colony Financial, have acquired the 463-room resort for an undisclosed price.More>>

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Sage Hospitality buys 11 hotels as part of partnership   27 Feb, 2014

This purchase marks the second of a programmatic, focused investment venture between Sage and Whitman Peterson, wherein they plan to acquire a sizable portfolio of select-service hotels in need of capital, operational, and/or brand improvements.More>>

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Bayside Capital purchases London Hilton from Pandox AB   26 Feb, 2014

Bayside Capital has acquired the Hilton London Docklands in the UK. Financial terms of the transaction were not disclosed. The credit affiliate of H.I.G. Capital purchased the 378-room hotel from Pandox AB. H.I.G. has been actively looking for investment opportunities in European real estate for...More>>

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HFF arranges acquisition of DoubleTree in El Segundo, Calif.    26 Feb, 2014

The 215-room DoubleTree LAX in El Segundo, Calif., has closed on a new-equity recapitalization that has brought in two new owners. A joint venture between Argosy Real Estate,Evolution Hospitality L.L.C., and Stonecreek Properties purchased the property for an undisclosed amount. The acquisition was...More>>

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Hersha sells boutique NYC hotel for more than $500k per key   24 Feb, 2014

The going is still good for sellers—particularly of New York assets. Hersha Hospitality Trust has entered into a definitive agreement to sell the 70-room Hotel 373 in midtown to an offshore investment group for $37, or approximately $529,000 per key.More>>




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