News Briefs

Mexican REIT Fibra Inn acquired the Hotel Holiday Inn Tampico Altamira in Tamaulipas, Mexico for around $7.8 million, with an additional $468,000 in taxes and acquisition expenses and $168,000 in working capital.

TravelClick was acquired by private equity firm Thoma Bravo for $930 million.

The Comfort Suites San Jose Airport hotel was acquired for $6.6 million. The hotel is now family owned by Jashvant and Hasaben Patel.

LaSalle Hotel Properties acquired the 200-room Hotel Vitale in San Francisco for $130 million, or $650,000 per key. The hotel opened in 2005. 

RLJ Lodging Trust sold the 182-room Hilton Mystic in Mystic, Conn., for approximately $14.1 million.

Carey Watermark Investors acquired the 296-room Hyatt Place Austin Downtown, one block from the Austin Convention Center, for $87 million.

RLJ Lodging Trust disclosed the sale of the 150-room Hilton Garden Inn St. George in Utah for approximately $15.7 million.

FRHI, parent company of Fairmont, Raffles and Swissotel, with financier Richard C. Blum, purchased the Claremont Hotel Club & Spa in Berkeley, Calif. A purchase price was not disclosed, but last year the hotel was on the market for a reported $80 million. 

Suggested Articles

Europe’s hotel industry reported positive results in the three key performance metrics during 2019, led by growth in rate.

Accor has signed with Sabre to create a new product combining property management and central reservation systems, which it hoped would drive growth.

The Pochette line was designed by Rodolfo Dordoni while the the Smithfield pendant and ceiling lights were designed by Jasper Morrison.