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.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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

During the first day of Hotel Optimization Part 2, panelists discussed employee wellness and finding new sources of business.

Hospitality sector recovering as economy reopens. Hotels, along with other commercial properties, began to see rising foot traffic in late Spring.

Soon-to-open hotels in California and Michigan have announced their debut general managers and directors of sales.