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RLJ Lodging closes on sale of 11-hotel portfolio   21 Feb, 2014

RLJ Lodging Trust has closed on the sale of a portfolio of 11 hotels for approximately $85 million. The sale price represents approximately a 7.9-percent capitalization rate on the portfolio's estimated 2013 net operating income. More>>

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Transactions pick up in California   20 Feb, 2014

The number of hotel transactions in California rebounded strongly in 2013, according to a new study from Atlas Hospitality Group. Prices have been escalating in the major coastal markets. Buyers now are looking east for affordable properties, and the low interest rates are helping draw them in....More>>

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American Hotel Income Properties buys six hotels in Virginia   20 Feb, 2014

The British Columbia-based company purchased three Hampton Inns and one Fairfield Inn & Suites properties for a total of $37.1 million. Each of the properties reported revenue per available room of at least $67 in 2013. AHIP CEO Rob O'Neill said the purchase fits the company's stated growth...More>>

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Hunter advises on sale of San Diego Holiday Inn Express   20 Feb, 2014

Hunter Hotel Advisors announced that the firm recently advised on the sale of the 113-room Holiday Inn Express San Diego Sea World/Beach Area hotel. Hunter represented Excel Hotel Group, a San Diego-based hotel management group, and arranged the sale to another California investor.More>>

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REIT Temple pays $32M for the Radisson Plaza Hotel Saskatchewan, Regina   19 Feb, 2014

Temple Hotels has acquired the Radisson Plaza Hotel Saskatchewan, Regina, in Canada, for $32.8 million. The full-service Hotel is located at 2125 Victoria Avenue in downtown Regina.More>>

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Largest hotel in Jacksonville sells to New York group   14 Feb, 2014

The largest hotel in Jacksonville, Fla., has a new owner. The 963-room Hyatt Regency Jacksonville Riverfront has been acquired by Fortress Investment Group for $53 million. And area hoteliers are happy about it. More>>

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FelCor sells Atlanta airport hotel for $17.2 million   13 Feb, 2014

A subsidary of FelCor Lodging Trust sold the 232-suite Embassy Suites Atlanta Airport Hotel to an affiliate of Houston-based WEDGE Hotels. Kana Hotel Group will manage the property. During the past year FelCor has reduced its Atlanta portfolio from five properties to three. More>>

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Roedel Companies acquires New Hampshire Courtyard   13 Feb, 2014

The hotel will undergo a comprehensive renovation to reposition the property. It should be completed by Q1 2015.More>>

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New York's Standard Hotel could fetch record price as transactions landscape booms   12 Feb, 2014

The going is getting really good for hotel sellers in Manhattan—and elsewhere. With the economic crisis far back in the rear-view mirror, disposers of hotel assets are banking on healthy returns.More>>

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Hawkeye Hotels acquires Missouri Hilton Garden Inn    11 Feb, 2014

Iowa-based Hawkeye owns and operates more than 40 hotels in a dozen U.S. states. The Hilton Garden Inn was built in 2001 and completed a renovation in 2010. More>>




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