Hotel Viking in Newport, R.I., bought for $77M

Officials at the historic Hotel Viking in Newport, R.I., say a Texas-based firm bought the hotel for $77 million.

Dallas-based LSREF3 Viking Tenant bought the 1926 hotel from a subsidiary of LaSalle Hotel Properties of Bethesda, Md. Hotel Viking is listed on the National Register of Historic Places and is a member of the Historic Hotels of America, a program of the National Trust for Historic Preservation. The five-story brick hotel has 208 guestrooms and suites, and more than 13,000 square feet of event space.

A spokesman for the hotel’s management company says the firm will continue to run the hotel as it has for the last 15 years

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

The development, located near the entrance to Walt Disney World Resort, will include 997 guestrooms and a sports facility.

David Batchelor describes the shift to adjacent spaces as 'here to stay'

Absolute values for ADR and RevPAR were the highest that STR has ever benchmarked, but RevPAR’s growth rate was the lowest it’s been since 2010.