Landry’s Tilman Fertitta Reportedly Considering $650-million Purchase of the Montage Laguna Beach
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Author: Dev Anand
Main Photo: The pool at Montage Laguna Beach Date: November 2022 Name: Montage Laguna Beach, opened in 2003 Location: Laguna Beach, California, USA Number of Keys: 260 Seller: China-based Dajia Insurance Group Co …what was Anbang Insurance. What was Strategic Hotels & Resort acquired the hotel in 2015 for $360m at a then record deal…
Fortuna Hotel Collection Opens The Grayson Hotel in New York City Under Unbound Collection by Hyatt Brand
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Author: Dev Anand
Main Photo: The newly opened Grayson Hotel on West 39th Street, NY Date: November 2022 Name: Grayson Hotel Location: West 39th St., Midtown Manhattan, New York, NY, USA Number of Keys: 296 Seller: The site was four adjacent buildings, demolished in 2018, to allow contruction to start on The Grayson Buyer: Owned, developed and managed…
IHG Hotels & Resorts Launches First Dual-Brand Property in USA – avid and Holiday Inn & Suites
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Author: Dev Anand
Main Photo: IHG recently opened its first dual-branded avid hotels and Holiday Inn & Suites property in Mt. Juliet, Tennessee, USA Date: November 2022 Name: Dual-branded avid hotel and Holiday Inn & Suites Location: Around 10 miles of the Nashville International Airport Number of Keys: 168 total rooms, which includes 72 avid rooms and 96…
JRK Property Holdings Buys 179 Room Ace Hotel in Palm Springs, Calif.
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Author: Dev Anand
Main Photo: The Ace Hotel & Swim Club Palm Springs Date: October 2022 Name: The Ace Hotel & Swim Club Palm Springs Location: Palm Springs, California, USA Number of Keys: 179 Seller: GFI Capital, who bought the hotel as a Howard Johnson in 2008. They own seven other hotels including the Ace New York, The…
Extended Stay America Announces Deal for 15 Extended Stay America Premier Suites With Concord Hospitality & Whitman Peterson JV
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Author: Dev Anand
Main Photo: The newly-opened Extended Stay America Premier Suites Augusta Date: October 2022 Name: Extended Stay America Premier Suites Locations: Major US cities to include: Denver, Colorado; Phoenix, Arizona; Las Vegas, Nevada; and Salt Lake City, Utah Number of Keys: TBA Brand Owner: Extended Stay America Development Partners: Concord Hospitality, a well-known hotel developer, owner…
Four Seasons to Enter Yacht Market To Be Headed Up By Larry Pimentel
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Author: Dev Anand
Main Photo: Four Seasons Yachts – image envisaged Date: October 2022 Name: Four Seasons Yacht – to be up and sailing by end 2025 Location: TBA Number of Keys: 95 suites Seller: Brand New Vessel Buyer: Marc-Henry Cruise Holdings LTD, owner and joint operator of Four Seasons Yacht Yet another hotel brand is entering the…
Somera Capital Acquires Quorum Hotels & Resorts in USA
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Author: Dev Anand
Main Photo: The Hilton DFW Lakes, one of the Quorum hotels Date: October 2022 Name: Somera Capital Management and Quorum Hotels & Resorts Location: Somera is California and Washington DC based…Quorum is Dallas based and currently operates properties in Texas, California, Arizona, South Carolina, Georgia and Kentucky, USA Number of Keys: Quorum currently have 11…
Trinity Investments Acquires Hyatt Regency Greenwich
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Author: Dev Anand
Main Photo: The Hyatt Regency…latest addition to Trinity RE’s Fund Date: October 2022 Name: Hyatt Regency Greenwich Location: Greenwich, Conneticut, USA Number of Keys: 373 Seller: TBA….The hotel was built up in the mid-1980s, on the grounds of the old Condé Nast campus. It has incorporated some elements of the old magazine-publishing complex, including the…
Pandox to Sell InterContinental Montreal for CAN $80m
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Author: Dev Anand
Main Photo: The InterContinental Montreal Date: September 2022 Name: The InterContinental Montreal Location: Saint Antoine Ouest, Montreal, Quebec, Canada Number of Keys: 337 Seller: Sweden’s Pandox, who acquired the hotel in 2007 for CAN$49m, from a JV of InterContinental Hotels Group and Cadim, a division of the Caisse de dépôt et placement du Québec Buyer:…
Valor Hospitality Expands Portfolio With Two New Hotels – Cape Winelands, South Africa and Colorado, USA
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Author: Dev Anand
Main Photo: The 5-Bed Manor House, Taaibosch Wines Estate Date: August 2022 Names: Taaibosch Wine Estate and The Mining Exchange Hotel, A Wyndham Grand Hotel & Spa Locations: Stellenbosch, Cape Winelands, South Africa and Colorado Springs, CO, USA Number of Keys: Three lodging offerings: One two-bedroom Garden Villa; One four-bedroom Farsight Villa and One newly…
Left Lane Acquires 126-Key Mansion on Forsyth Park, Savannah, GA for US$52.5m
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Author: Dev Anand
Main Photo: The Mansion on Forsyth Park, Kessler Collection, in Savannah, Georgia, was a residence and a funeral home before becoming a hotel in 2005 Date: August 2022 Name: The Mansion on Forsyth Park, Kessler Collection …was under Marriott’s Autograph Collection banner until January 2021 Location: Savannah, Georgia, USA Number of Keys: 126…to become 149…
UK’s Cain International and Sovereign Wealth Fund of Saudi Arabia Invest US $900m In Aman Group
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Author: Dev Anand
Main Photo: Amangiri, Canyon Point, Utah one of the 34 hotels, resorts and residences under the luxury Aman brand, with 9 more in the pipeline Date: August 2022 Name: Aman Group Locations: Global – 26 in Asia, 8 in USA and Caribbean and the balance 8 in Europe and Africa Number of Keys: TBA Seller:…
Noble Acquires 14-Asset Marriott, Hilton and Hyatt Hotel Portfolio
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Author: Dev Anand
Main Photo: The Renaissance Raleigh North Hills, one of the hotels within the recent acquisition deal Date: August 2022 Names: TBA Locations: Across the USA Number of Keys: TBA Seller: TBA Buyer: Noble Investment Group, who since Qtr 2, 2021 have invested more than $1.5 billion across the United States in 40 hotels with approximately…
Hamilton Hotel Partners Re-Brands to Hamilton-Pyramid Europe, In Europe
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Author: Dev Anand
Date: August 2022 Location: US HQ, with London HQ for Europe What Did They Say: Hamilton Hotel Partners announced that it has officially re-branded as ‘Hamilton – Pyramid Europe’, reflecting it’s pivotal position amongst the Pyramid Global Hospitality group of brands. Who They: Pyramid Global Hospitality Main photo: The new logo for Hamilton Pyramid Europe Hamilton…
Mandarin Oriental Sell Washington DC Hotel To Henderson Park For $139m
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Author: Dev Anand
Main Photo: The Mandarin Oriental Washington DC with it’s fabulous view over the Southwest Waterfront Date: August 2022 Name: Mandarin Oriental Washington DC Location: Maryland Avenue SW, Washington DC, USA Number of Keys: 373 Seller: Mandarin Oriental, who opened the hotel in 2004 Buyer: London-based Henderson Park Mandarin Oriental is selling it’s Washington DC hotel…
Wells Fargo Bank Takes Control of JW Marriott Chicago With US$251 Million Bid
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Author: Dev Anand
Main Photo: The JW Marriott Chicago Date: July 2022 Name: JW Marriott Chicago Location: West Adams Street, Chicago, Illinois, USA Number of Keys: 610 Seller: The hotel was owned by Orlando-based Estein USA, but was in default of $203m loan, which grew to $243m…the hotel was sold at auction in June 2022 Buyer: Wells Fargo…
ARA H-Trust To Divest 4 Hyatt Place Hotels for US$32.5m
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Author: Dev Anand
Main Photo: The Hyatt Place Pittsburgh Cranberry, Pennsylvania, one of the four hotels to be sold in the deal Date: July 2022 Names: Hyatt Place Pittsburgh Cranberry, Hyatt Place Birmingham Inverness, Hyatt Place Cincinnati Northeast and Hyatt Place Cleveland Independence Locations: Pennsylvania, Alabama and two in Ohio Number of Keys: TBA Seller: Singapore listed ARA…
Pebblebrook Hotel Trust Completes Sale of The Marker San Francisco For $77m to Stockdale Capital Partners
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Author: Dev Anand
Main Photo: The Marker Hotel, San Francisco Date: July 2022 Name: The Marker, originally built in 1910 as the Bellevue Hotel Location: Geary Street, San Francisco, California, USA Number of Keys: 208, including 42 suites Seller: Pebblebrook Hotel Trust Buyer: Stockdale Capital Partners, headed up by Steven and Shawn Yari Pebblebrook Hotel Trust announced that…
Watermark Capital Sells Holiday Inn in Chelsea, NYC for $80 million To Two Kings Real Estate
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Author: Dev Anand
Main Photo: The Holiday Manhattan 6th Ave – Chelsea Date: July 2022 Name: The Holiday Manhattan 6th Ave – Chelsea Location: 125 West 26th, Chelsea, New York City, NY, USA Number of Keys: 226 Seller: Watermark Capital Buyer: Two Kings Real Estate Watermark Capital has found a taker for the struggling Holiday Inn in Chelsea….
Choice Hotels’ Cambria Hotels Brand Awards Ten New Franchise Agreements
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Author: Dev Anand
Main Photo: The Cambria prototype design Photo Credit: Jeffrey Francisco/Unsplash Date: June 2022 Name: Cambria Hotels Locations: Tracy in California, Buckeye in Arizona, Palmdale in California, Sacramento in California, Seekonk in Massachusetts, Southaven in Mississippi, West Yarmouth in Massachusetts, Medford in Oregon, Portsmouth in New Hampshire and Sevierville in Tennessee…all in the USA Number of…