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 →

Aloft Hotel Jacksonville Airport Sold to Gehr Hospitality
January, 29 2018
Gehr Hospitality announced the acquisition of the Aloft Hotel, Jacksonville Airport, located three miles from the Jacksonville International Airport and just 15 miles north of downtown Jacksonville. The acquisition was financed by BMO Harris Bank, and McKibbon Hospitality will manage the hotel on behalf of Gehr Hospitality. continue reading →