Transactions
The 139-room Holiday Inn Express in York, Pa. Newswire
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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HREC arranges sale of Dallas' DoubleTree Market Center   28 Jan, 2014

Axle Capital Group and a partner acquired the property. The seller, Rolf Tweeten, principal with Alliance Hospitality Management in Raleigh, N.C., will continue to manage the property.More>>

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Inland American, Kessler JV on two new-build boutique hotels   28 Jan, 2014

​It's been a heckuva few months for the Inland American Lodging Group, the wholly owned subsidiary of Inland American Real Estate Trust. Yesterday the group announced it formed two new joint venture agreements with Kessler Enterprises for a combined $68.5-million investment to develop two luxury...More>>

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More details on Sacramento Kings mixed-use arena deal   28 Jan, 2014

The deal that will net Sacramento a new mixed-use hotel, retail and residential development surrounding a new arena officially closed yesterday and the Kings borrowed $35M last week from Goldman Sachs Bank in connection with the deal. The Kings and developer JMA will focus on construction of a...More>>

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Video: Marriott's Arne Sorenson on Protea Hotels acquisition—and more   24 Jan, 2014 Video

Arne Sorenson, CEO and president of Marriott International, discusses his hotel's plans for global expansion and creating jobs in the industry. Marriott International and South Africa's Protea Hospitality Holdings for $186 million. More>>

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Chatham/Cerberus JV looking to unload Inkeepers portfolio   24 Jan, 2014

Two-plus years after acquiring the Innkeepers portfolio, its owners, the Chatham Lodging Trust and Cerberus Capital Management joint venture, is now looking to sell it. Eastdil Secured is the advisor for the offering, which totals 51 hotels and 6,487 rooms. More>>

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Ashford Hospitality Prime buys the Sofitel Chicago Water Tower for $153 million   23 Jan, 2014

Ashford Hospitality Prime has entered into an agreement to pay $153 million, or about $369,000 a room, for the 415-room hotel. The sale is expected to close in the first quarter. To purchase the property, Ashford priced an underwritten public offering of 8 million shares of common stock at $16.50...More>>




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