Transactions
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RLJ Lodging's Hyatt portfolio buy ups West Coast presence   7 Feb, 2014

RLJ Lodging Trust's asset roll just got a whole lot bigger. The Bethesda, Md.-based real estate investment trust has entered into a definitive purchase and sale agreement with Hyatt Hotels Corp. to acquire 10 hotels totaling 1,560 rooms consisting of Hyatt, Hyatt Place and Hyatt House hotels.More>>

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San Diego group makes first hotel acquisition   6 Feb, 2014

Marking its first investment in the hotel industry, San Dieg-based Pathfinder Partners has partnered with Vesta Hospitality to acquire the 129-room Homewood Suites By Hilton in La Quinta, Calif. The purchase price was not disclosed.More>>

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Sarasota AmericInn sells for $6.3 million   6 Feb, 2014

A Pennsylvania company has bought the 111-room AmericInn Hotel & Suites in Sarasota, Fla., for $6.3 million, the Herald Tribune reports. The buyer of the property was RJ Hotels, a Swarthmore, Pa.-based company managed by Jiten Patel.More>>

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FelCor sells Embassy Suites in Atlanta, agress to sell another in Bloomington, Minn.   5 Feb, 2014

FelCor Lodging Trust has sold its 232-room Embassy Suites hotel in Atlanta for $17.2 million. The company also agreed to sell its 218-room Embassy Suites hotel in Bloomington, MN for $24 million. More>>

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Outrigger acquires two Fiji properties   3 Feb, 2014

Hawaii-based Outrigger Hotels and Resorts has purchased from a partner the complete shareholding in the ownership company of Outrigger on the Lagoon Fiji and the privately held Castaway Island, Fiji, for an undisclosed price. The transaction closed on January 31, and gives Outrigger 100-percent...More>>

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Swiss fund Acron acquires Brazil's Hotel Gloria for $83M   3 Feb, 2014

Switzerland's Acron AG has purchased Rio de Janeiro's Hotel Gloria from Brazilian businessman Eike Batista, and is in negotiations with five management groups to manage the hotel, including Four Seasons.More>>

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Clear, more focused bidding to distinguish 2014   3 Feb, 2014

2014 looks set to see sharper and more intense bidding in the transaction market, especially for high-quality assets.More>>

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REIT Summit acquires San Francisco Four Points, completes two dispositions    31 Jan, 2014

Summit Hotel Properties has announced the acquisition of the Four Points by Sheraton in San Francisco, as well as the completion of two previously announced dispositions: the 89-room AmericInn Hotel & Suites and the 57-troom Aspen Hotel & Suites located in Fort Smith, Ark.More>>

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Marriott sells interests in Renaissance Barcelona for $105M   30 Jan, 2014

Marriott International has sold its leasehold interests in the Renaissance Barcelona Hotel to an affiliate of the Qatar Armed Forces Investment Portfolio for approximately €78 million, around $105 million, including €45 million ($62 million) cash and the assumption of €33 million ($45...More>>

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Rockbridge picks up Aqua Waikiki Wave Hotel in Honolulu   29 Jan, 2014

The 247-room hotel is one block from Waikiki Beach and adjacent to the International Market Place. RB Hotel Development will manage the project and Pyramid Hotel Group will operate the hotel. More>>




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