Keyword: Ashkenazy Acquisition Corporation
Deka Immobilien Investment is suing Ashkenazy Acquisition Corp., alleging the latter failed to close on its acquisition of the New York Marriott East Side hotel.
A 130-percent spike in portfolio acquisitions helped to drive hotel deal volume to $34 billion last year, according to JLL.
2018 saw some major deals totaling $18.3 billion and approximately 51,100 hotel rooms with an average sale price per room of $357,000, according to LWHA.
In spite of economic sanctions from neighboring countries, the state-run Qatar Investment Authority has acquired the Grosvenor House Hotel in London.
Major U.S. single-asset deals during the third quarter totaled approximately $6.4 billion with an average sale price of $419,000.