* RLJ Lodging Trust entered into a purchase and sale agreement with Hyatt Hotels Corp. to acquire 10 hotels totaling 1,560 rooms for approximately $313 million. RLJ is expected to spend an additional $25 million in capital expenditures.

* The Qatari Armed Forces Investment Portfolio bought the Marriott Renaissance Barcelona hotel for $107 million. The hotel is located in central Barcelona and will still be run by Marriott.

* Ashford Hospitality Prime acquired the Sofitel Chicago Water Tower for $153 million. The 415-room hotel was recently taken over by Blackstone Group after defaulting on a loan. The sale is expected to close in the first quarter.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

* Marriott International purchased Protea Hospitality, Africa’s largest hotel chain, for $186 million. The deal includes the creation of a property ownership company by Protea, which will allow it to keep ownership of the hotels it owns.

* Millennium & Copthorne Hotels purchased the Wyndham Grand London Chelsea Harbour for $108 million. The hotel was purchased from Irish development firm Harcourt Developments. The deal is expected to be completed in the first quarter.

* The Torrance Marriott South Bay in California was sold to China-based Sichuan Xinglida Group Enterprises for $74 million. The new owner will keep Marriott as the operator of the 487-room hotel. There are plans to renovate the property.

Suggested Articles

Sign up for Hotel Optimization for clear insight, opinions and forecasting to help you quickly get back to profitability.

As travelers prepare to get back on the road, hotels can take steps to keep their guests feeling safe.

The survey is open to all hotel FF&E and OS&E purchasing and procurement companies.