Monarch Alternative Capital Acquires The Westin Minneapolis

Main Photo: The Westin Minneapolis Date: October 2021 Name: The Westin Minneapolis Location: Minneapolis, Minnesota, USA Number of Keys: 214 Seller: Watermark Lodging Trust, who acquired the hotel for $66.4m in 2015. The property was originally built as the Farmers & Mechanics Bank building in 1942 where the adjoining office building was reconfigured to house…

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B Ocean Resort Fort Lauderdale, Formerly The Yankee Clipper Sold to Rockpoint & InSite Group for US$126.9m

Main Photo: The B Ocean Resort Date: October 2021 Name: The B Ocean Resort Fort Lauderdale Location: Fort Lauderdale, Florida, USA Number of Keys: 481 Seller: The Carlyle Group, which included InSite, who bought the resort for $107m in 2014 ffrom Barry Sternlicht’s Starwood Capital Buyers: Boston-based Rockpoint Group and locally based InSite Group The…

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