Topic - Hotel Portfolio Transaction

A joint venture of MCR and Building and Land Technology (BLT) has completed a $647.5 million financing across a 5,958-guestroom national portfolio of 53 Marriott and Hilton select service and extended stay hotels spanning 15 states and 31 markets. continue reading →

Portfolio sales include the franchising of all 32 hotels with total commitments to open an additional 10 Extended Stay America hotels continue reading →

The four hotels include the Hilton Garden Inn and the Hampton Inn in Nashville Smyrna Tennessee, the Hyatt Place Phoenix North and the Aloft Broomfield Denver. continue reading →

Included in the transaction are Brighton Resort in Big Cottonwood Canyon near Salt Lake City, Utah; Cypress Mountain in Vancouver, B.C.; Gatlinburg SkyLift in Gatlinburg, Tennessee; Loon Mountain Resort in New Hampshire; Sugarloaf and Sunday River Resort in Maine; and The Summit at Snoqualmie near Seattle, Washington. continue reading →

InterContinental Hotels Group [LON:IHG, NYSE:IHG (ADRs)] has today announced plans to expand its luxury and upscale estate in the UK. IHG has entered into a conditional agreement with Foncière des Régions, to rebrand and operate 12 high quality open hotels (2.2k rooms) and one pipeline hotel (185 rooms) into its portfolio across the UK. continue reading →

Tropicana Entertainment Inc. (OTCQB: TPCA), a majority owned subsidiary of Icahn Enterprises L.P. (NASDAQ: IEP), announced today that it has entered into a definitive agreement to sell Tropicana's real estate to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) and to merge its gaming and hotel operations into Eldorado Resorts, Inc. (NASDAQ: ERI), for aggregate consideration of approximately $1.85 billion. continue reading →

HVMG also will operate the 241-suite Embassy Suites by Hilton San Rafael Marin County and the 235-suite Embassy Suites by Hilton Atlanta Perimeter Center. continue reading →

An Oman based investor's group led by Al Za-man Group of Companies has acquired a portfolio of four IntercityHotels across Germany sold by Invesco Real Estate. continue reading →

Starwood Capital Group announced today that a controlled affiliate of Starwood Global Opportunity Fund XI has acquired a portfolio of seven Hilton hotels throughout the United Kingdom, totalling over 1,300 rooms from Park Hotels & Resorts for £135 million. continue reading →

Extended Stay America, Inc. will continue to manage the 25 ESA hotels over a 20 year contract. The 25 hotels represent over 2,400 rooms and are located in Ohio, Kentucky, Indiana and Texas. In conjunction with this transaction, Three Wall Capital, LLC has signed an agreement to build 15 additional ESA hotels over a seven year period. continue reading →