Blackstone sells 3 Alaska hotels to Columbia Sussex

Columbia Sussex acquired three Anchorage, Ala., hotels, including the Hilton Garden Inn Anchorage. Photo credit: Hilton

The Blackstone Group sold three hotels in Anchorage, Ala., to Columbia Sussex. According to the buyer, the transaction takes its total room count to 1,341 rooms and makes it the largest full-service, year-round hotel operator in the state.

Columbia Sussex acquired the 125-room Hilton Garden Inn Anchorage, the 101-room Hampton Inn Anchorage and the 122-room Homewood Suites by Hilton Anchorage. They join the Marriott Anchorage Downtown and Hilton Anchorage, both of which Columbia Sussex has operated for more than a decade.

The three purchased hotels all feature indoor pools, fitness centers, 24-hour business centers, meeting space and recently renovated rooms. They will continue to operate under their current name with their current employees.

Virtual Event


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.

"Anchorage has been a good business target for Columbia Sussex and this acquisition increases our ability to cater to smaller groups, sports teams and businesses interested in a convenient, midtown location," Joseph Yung, VP of development for Columbia Sussex, said in a statement. "It also gives us more flexibility to take care of our visitors during the busy summer months, particularly the growing number who arrive via cruise ships."

Based in Crestview Hills, Ky., Columbia Sussex owns and operates hotels across the United States. It currently manages 49 hotels.

Blackstone, a global investment firm, has been involved with several transactions in recent months. Earlier this month, its affiliate Blackstone Real Estate Partners IX acquired a 65 percent controlling interest in Great Wolf Resorts. In September, it reached an agreement to buy five Greek hotels from the Louis Group for €178.6 million—$195.5 million USD. In July, it bought three Florida hotels from an affiliate of RLJ Lodging Trust for $43.2 million.

Suggested Articles

The project encompassed a real-time, two-way integration between Infor HMS and Glowing’s Digital Engagement Cloud at Mandarin Oriental hotels.

Two upcoming hotels (and one historic property) in sunshine destinations have announced new leaders for their F&B programming.

Many hotel owners will find themselves in the uncomfortable and unfamiliar position of deciding on a course of action for negotiating with their lende