Articles tagged Hotel Transaction Florida

290 Room Crowne Plaza Melbourne Oceanfront in Melbourne, Florida Sold
October, 18 2018
Driftwood Acquisitions and Development (DAD) today announced its purchase of the 290-room Crowne Plaza Melbourne Oceanfront in Melbourne, Florida. The hotel recently completed a full renovation that addressed areas impacted by Hurricane Irma. The hotel will be managed by Driftwood Hospitality Management (DHM). continue reading →

The Vinoy Renaissance St. Petersburg Resort & Golf Club Sold for $188.5 Million
September, 5 2018
RLJ Lodging Trust (NYSE: RLJ) today announced that the Company has sold the 362-room Vinoy Renaissance St. Petersburg Resort & Golf Club for total consideration of $188.5 million, consisting of the contractual sales price of $185.0 million and the release of $3.5 million in member deposits. The total consideration represents approximately $521,000 per key. continue reading →