Skip to main content
Advertisement

Topic - Hotel Portfolio Sale

Hotel Portfolio Sale
Crowne Plaza, Austin, Texas - Pool

Marcus & Millichap Brokers Nine-Property Hospitality Portfolio Sale for $225 Million

The properties are: - Crowne Plaza, Memphis, Tennessee, 319 rooms - Crowne Plaza, Austin, Texas, 293 rooms - Clarion Hotel, Orlando International Airport, 335 rooms - Crowne Plaza, Houston, Texas, 243 rooms - Crowne Plaza, Dayton, Ohio, 283 rooms - Crowne Plaza, Reading, Pennsylvania, 259 rooms - Garden Plaza, Marietta, Georgia, 218 rooms - Former Marriott, Jackson, Mississippi, 303 rooms - Crowne Plaza, Tulsa, Oklahoma, 286 rooms

Hotel Portfolio Sale

Service Properties Trust Completes Transfer of 78 Hotels to Sonesta

Service Properties Trust (Nasdaq: SVC), or SVC, announced on Friday that it has completed the transition of branding and management for 78 hotels to subsidiaries of Sonesta International Hotels Corporation, or Sonesta, from Marriott International, Inc., or MAR. Ten additional hotels are expected to transition to Sonesta by the end of March.

Hotel Portfolio Sale
Homewood Suites by Hilton Sarasota - Exterior

Apple Hospitality REIT Sells Nine Hotels for $95 Million

Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced the completion of the sale of nine hotels for a total sales price of $95 million on March 28, 2019. The Company had previously announced the contracts for the sale of the Portfolio.

Hotel Portfolio Sale

Starwood Capital Group Sells £830m ($1.1b) Portfolio of U.K. Hotels to Foncière Des Régions

The portfolio consists of 14 leading, full-service hotels comprised of 2,638 keys and split across two distinct landmark brands, Principal (12 hotels) and De Vere (2 hotels). The properties occupy flagship locations in high-growth cities across the U.K., including London, Manchester, Edinburgh, Glasgow, Oxford, York and Leeds. Included in the portfolio are The Principal London and The Principal Manchester, two of the most iconic and historic hotels in the U.K.

Hotel Portfolio Sale
Courtyard Atlanta Marietta I-75 North - Lobby

Investra Capital and HVMG Acquire 12 Hotel Portfolio

The joint venture acquisition totals 1,465 rooms comprised of Marriott- and Hyatt-branded hotels across the Southeastern, Southwestern and Midwestern United States. HVMG also will operate the entire portfolio.

Hotel Portfolio Sale
Hilton Durban Hotel - Exterior

Park Hotels Sells 11 Hotels for $317 Million

Park Hotels & Resorts Inc. (NYSE:PK) today announced that it closed on the sale of 11 non-core assets, including a portfolio of three Embassy Suites hotels, a portfolio of seven U.K. hotels and one South African hotel for total gross proceeds of $317 million, equating to $136,000 per key across three separate transactions.

Hotel Portfolio Sale
Grand Hyatt San Francisco - Exterior

Hyatt Sells Three Hotels for $1.0 Billion

Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has reached a definitive agreement with Host Hotels & Resorts (NYSE: HST) for the sale of the 301-room Andaz Maui at Wailea Resort, the 668-room Grand Hyatt San Francisco, and the 454-room Hyatt Regency Coconut Point Resort and Spa for approximately $1.0 billion.