Hotel Transactions

Carey Watermark: Carey Watermark Investors acquired the 132-room Courtyard by Marriott Pittsburgh Shadyside for $34.6 million. The hotel will continue to be managed by Concord Hospitality.

Beach House: The Northview Hotel Group acquired the Beach House, a Holiday Inn Resort, on Hilton Head Island, S.C., for an undisclosed price. The 202-room property will be operated by NVHG Management.

Arizona buys: Mig Real Estate acquired the Fairfield Inn & Suites Midtown in Phoenix and the Holiday Inn Express & Suites Old Town in Scottsdale, Ariz. No price was disclosed for the purchase. Since 2009, Mig has completed more than $137 million in hotel acquisitions.

Green Bay: The city of Green Bay, Wis., bought the Green Bay Carlton Hotel for $2.85 million as part of the KI Convention Center Expansion. The purchase will be included in the total cost of the future expansion.

Hercules House: PPHE Hotel Group made a deal with Mapeley Acquisition for Waterloo’s Hercules House. The 1.09-acre site was sold for $36.26 million, with an uncertain future for the hotel.

Park Plaza: Sunstone Hotel Investors purchased the Boston Park Plaza Hotel & Towers for $250 million. The property will continue to be managed by Highgate Hotels.

FREE HOTEL MANAGEMENT NEWSLETTER

Like this story? Subscribe to Hotel Design!

Hospitality professionals turn to Hotel Design as their go-to news source for the latest products, projects, and trends for hotel interior designers and architects. Sign up today to get news and updates delivered to your inbox and read on the go.