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Miami heat: Starwood sells St. Regis Bal Harbour for $213M   22 Jan, 2014

Starwood Hotels and Resorts Worldwide has sold the St. Regis Bal Harbour Resort in Miami to Al Rayyan Tourism Investment Company, a unit of Qatar’s Al Faisal Holding Co., for $213 million. Starwood will continue to manage the 207-room property.More>>

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Guanajuato's Hotel México Plaza Celaya to convert to Wyndham flag    20 Jan, 2014

Mexican real estate investment trust Fibra Inn has acquired the 150-room Hotel México Plaza Celaya, in the state of Guanajuato, and will convert it to the Wyndham Garden brand. The acquisition price was Ps. 139 million (around $11 million), excluding Ps. 8.1 million in expenses for brand name...More>>

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Two deals continue New Orleans' strong transaction activity   16 Jan, 2014

The latest properties to change hands are the Astor Crowne Plaza Hotel and the Royal St. Charles Hotel. The Astor Crowne Plaza was sold to Starwood Capital Group. The 697-room property sold for $77 million. Lowe Enterprises Investors announced it acquired the Royal St. Charles Hotel on behalf of an...More>>

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Aqua Wave Waikiki being acquired by Rockbridge Capital   14 Jan, 2014

Ohio-based Rockbridge Capital is reportedly in contract to acquire the Aqua Wave Waikiki hotel from the current owner, New York-based Ramsfield Hospitality Finance’s CR Wave LLC. The acquisition is expected to close soon. More>>

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Host sells majority interest in Philadelphia Marriott Downtown   13 Jan, 2014

Host Hotels & Resorts has sold an 89-percent interest in the entity that owns the Philadelphia Marriott Downtown based on a gross entity value of $303.4 million. The real estate investment trust retained an 11-percent interest in the joint venture with Clearview and funds managed by Oaktree Capital...More>>

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Waramaug acquires Colorado Hampton Inn   10 Jan, 2014

Waramaug LS Hotels, a privately held investment group, has acquired the 92-room Hampton Inn & Suites Rifle, Colo. Terms of the deal were not disclosed. The hotel will remain a Hampton and be managed by Interstate Hotels & Resorts.More>>

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Miami's Shore Club sells for $175 million    10 Jan, 2014

The Shore Club in South Beach has sold for just over $175 million to owners who plan changes at the 309-room hotel, reports the Miami Herald. New York City-based HFZ acquired the hotel with an affiliate of Fortress Investment Group.More>>

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NGKF Hotels sells Homewood Suites in downtown Dallas   9 Jan, 2014

Newmark Grubb Knight Frank (NGKF) has completed the sale of a 130-room Homewood Suites by Hilton in Dallas that recently opened in a converted office building. The property, on the northeast corner of North Griffin and Elm streets, opened this fall.More>>

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Minneapolis' Hotel Ivy sold to local investor   9 Jan, 2014

Jones Lang LaSalle's Hotels & Hospitality Group arranged the sale of Hotel Ivy, A Luxury Collection Hotel, in downtown Minneapolis, to local investor Heartland Realty Investors. Terms of the deal were not disclosed. More>>

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Hunter Hotel Advisors brokers sale of Wyndham in Gaithersburg, M.D.   8 Jan, 2014

Hunter Hotel Advisors announced today the sale of the 203-room Wyndham Garden Hotel in Gaithersburg, M.D., wherein Hunter exclusively represented the seller, a private investment group based in Wichita, Kan.More>>




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