The 66 hotels were acquired on a freehold and long leasehold basis enabling the Travelodge group to take control of the assets
Acquired hotels include Marriott Toronto Airport, Courtyard Toronto Airport, Residence Inn Toronto Airport, Hotel Carlingview, Courtyard Vaughan, Courtyard Markham, Residence Inn Markham, Townplace Suites Sudbury, Cambridge Suites Halifax and The Prince George Halifax.
The portfolio, comprising 14 hotels including Marriott, Hilton, IHG and independent hotels across Canada, specifically in the Greater Toronto Area (Toronto, Mississauga, Markham, Vaughan), Ottawa, Halifax, and Sudbury, was sold to an institutional purchaser.
Starwood Capital Group announced today that a controlled affiliate has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market transaction.
The portfolio of hotels, featuring Marriott, Hilton, IHG and independent hotels, is located in major urban centers across Canada, including the Greater Toronto Area (specifically Toronto, Mississauga, Markham, Vaughan), Ottawa, Halifax, and Sudbury.
Travelodge, the UK's first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc, for a combined sum of £210 million.
Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price
The properties are the Courtyard by Marriott Lehi at Thanksgiving Point and the SpringHill Suites by Marriott Lehi at Thanksgiving Point, both in Lehi, Utah, and the Hilton Garden Inn Las Vegas/Henderson, in Henderson, Nevada.
Noble Investment Group today announced the acquisition of ten WoodSpring Suites hotels located throughout the southeastern United States. The firm plans to make physical improvements across the portfolio to enhance market positioning and accelerate performance.
Holiday Inn Club Vacations Incorporated, a vacation ownership company and partner of IHG Hotels & Resorts (IHG), announced today that it has acquired four beachfront resorts located in Cancun, Playa del Carmen and the Riviera Maya, Mexico from Royal Resorts.