Topic - Hotel Transaction Hawaii

Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced that it has completed the sale of the leasehold interest in the 693-room Aston Waikiki Beach Hotel in Oahu, HI for a sale price of $200 million, or approximately $310,000 per key. The price represented a 12.6x multiple on the Hotel's 2017 EBITDA. continue reading →

The private equity firm plans to buy Grand Wailea from GIC Pte, Singapore’s sovereign wealth fund, said the person, who asked not to be identified because the purchase hasn’t been made public. Representatives for Blackstone and GIC declined to comment. continue reading →

Marriott International (NASDAQ: MAR) today announced it has completed the sale of its long-term leasehold interest in The Westin Maui Resort & Spa, Ka'anapali for approximately $317 million. continue reading →

Pacific Hospitality Group (PHG), through its affiliate Poipu Investment Properties, LLC, announces the purchase of Ko'a Kea Hotel & Resort from CTF Ko'a Kea Hotel, LLC. continue reading →

Sunstone Hotel Investors, Inc. (NYSE: SHO) announced that the Company has entered into a definitive agreement to acquire the 544-room Wailea Beach Marriott Resort & Spa, located on 22 fee-simple acres in Maui, Hawaii, for a net purchase price of $325.7 million, or $598,600 per key. continue reading →

Inland American Lodging Group, Inc. announced the purchase of the 645-room Aston Waikiki Beach Hotel in Honolulu, Hawaii, for a purchase price of approximately $183 million. continue reading →

The Ritz-Carlton, Kapalua Resort was sold to a partnership between Michael Rosenfeld's Woodridge Capital Partners LLC and Colony Capital, LLC and its affiliates including Colony Financial. continue reading →

Kokua Hospitality will continue to manage the hotel subject to a franchise agreement with Hyatt. continue reading →