RD North America
Pebblebrook Hotel Trust Acquires Avalon and Duval Gardens in Key West for $20m
Main Photo: The Southernmost Beach Resort Date: October 2021 Name: Avalon Bed & Breakfast, Duval Gardens – to become The Guesthouses at Southernmost Beach Resort Location: Key West, Florida, USA Number of Keys: 31 Seller: TBA…we’re guessing a private family Buyer: Pebblebrook Hotel Trust Pebblebrook Hotel Trust has acquired the 19-room Avalon Bed & Breakfast…
Read MoreThe Athens Group and Michael Dell’s Family Office Vehicle – MSD Partners Acquire Naples Beach Hotel & Golf Club For $362m
Main Photo: Naples Beach Hotel & Golf Club as is Date: October 2021 Name: Naples Beach Hotel & Golf Club Location: Old Naples, Florida, USA Number of Keys: 216 Seller: The family firm that opened the hotel in 1946, and was run by Mike Watkins, grandson of the founder Buyer: The Athens Group and MSD…
Read MoreMonarch 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…
Read MoreB 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…
Read MoreAlon Abady’s 5th Gear III Acquires 295 Key Sofitel Beverly Hills For Around US$96m
Main Photo: The Sofitel Los Angeles Date: October 2021 Name: The Sofitel Los Angeles at Beverly Hills Location: Beverly Boulevard, Los Angeles, California, USA Number of Keys: 295 Seller: Chicago-based GEM Realty Buyer: Alon Abady’s 5th Gear III Alon Abady has been revealed as the buyer of the Sofitel Los Angeles at Beverly Hills. Through…
Read MoreOracle Co-Founder Larry Ellison Buys Hyatt Regency Lake Tahoe for US$345m
Main Photo: The magnificent setting of the Hyatt Regency Lake Tahoe Date: October 2021 Name: Hyatt Regency Lake Tahoe Resort, Spa & Casino Location: Lake Tahoe’s North Shore, Nevada, USA Number of Keys: 422, including 24 cottages Seller: The property is in Incline Village Buyer: Larry Ellison, who also owns the Cal Neva resort on…
Read MoreNew Boutique Hotel in Arlington, Texas Will Come With It’s Own Golf Range in 2023
Main Photo: RiverPark Arlington – imagined Date: October 2021 Name: RiverPark Arlington – to open 2023 Location: North Arlington, Texas, USA Number of Keys: 87 Seller: TBA Buyer: Galante Hospitality Group A unique hotel with a golf range attached is coming to Arlington. Called the RiverPark Arlington, it’ll be a boutique hotel designed for those seeking…
Read MoreHyatt Corp To Acquire Apple Leisure Group From KKR and KSL JV for $2.7bn
Main Photo: The Secrets Resort, Lanzarote Date: August 2021 Name: Apple Leisure Group Location: Mostly across North America and the Caribbean
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