Hotel Portfolio Transaction
KSL Capital Acquires Hersha Hospitality Trust for $1.4 Billion
Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price
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Topic - Hotel Portfolio Transaction
Hotel Portfolio Transaction
Braintree Group Acquires Three Hotels in Lehi, Utah and Henderson, Nevada
The properties are the Courtyard by Marriott Lehi at Thanksgiving Point and the SpringHill Suites by Marriott Lehi at Thanksgiving Point, both in Lehi, Utah, and the Hilton Garden Inn Las Vegas/Henderson, in Henderson, Nevada.
Hotel Portfolio Transaction
Noble Acquires Ten Asset Portfolio of WoodSpring Suites Hotels
Noble Investment Group today announced the acquisition of ten WoodSpring Suites hotels located throughout the southeastern United States. The firm plans to make physical improvements across the portfolio to enhance market positioning and accelerate performance.
Hotel Portfolio Transaction
Holiday Inn Club Vacations Acquires Four Resorts in Mexico
Holiday Inn Club Vacations Incorporated, a vacation ownership company and partner of IHG Hotels & Resorts (IHG), announced today that it has acquired four beachfront resorts located in Cancun, Playa del Carmen and the Riviera Maya, Mexico from Royal Resorts.
Hotel Portfolio Transaction
VICI Properties Inc. to Acquire Four Properties in Alberta Canada for C$221.7 Million
VICI Properties Inc. (NYSE: VICI) today announced that it has entered into definitive agreements to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, from Century Casinos, Inc. (NASDAQ: CNTY) for an aggregate purchase price of C$221.7 million (US$164.7 million) in cash.
Hotel Portfolio Transaction
Mohari Hospitality to Acquire Tao Group Hospitality for $550 from Madison Square Garden Entertainment Corp.
Tao Group will complement Mohari's existing portfolio of luxury and lifestyle properties and operating companies, including the Peninsula Papagayo in Costa Rica, anchored by a Four Seasons luxury resort; Centro Canalejas Madrid, featuring the Four Seasons Madrid; and The Ritz-Carlton Yacht Collection.
Hotel Portfolio Transaction
Aimbridge Hospitality Acquires Houston,TX Based Terrapin Hospitality Management Portfolio of 71 Hotels
With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies.
Hotel Portfolio Transaction
KSL Capital Partners Acquires Martin Resorts Portfolio of Five Hotels in Avila Beach, Pismo Beach and Paso Robles, CA
The collection includes Avila Lighthouse Suites in Avila Beach; Pismo Lighthouse Suites and Shore Cliff Hotel in Pismo Beach; and Paso Robles Inn and The Piccolo in Paso Robles.
Hotel Portfolio Transaction
Sandpiper Lodging Trust Acquires 5 Hotels in White Marsh, MD, Greenbelt, MD, Virginia Beach, VA and Two (2) in Baton Rouge, LA.
Sandpiper Lodging Trust (SLT) announced today that it completed the acquisition of five (5) operating hotels from affiliates Sandpiper Hospitality III, LLC and Sandpiper Hospitality IV, LLC that operate under the WoodSpring Suites brand.
Hotel Portfolio Transaction
Consortium Complete Acquisition of Portuguese Investment Manager ECS Capital Including 18 Hotel Portfolio
A consortium led by investment funds advised by Davidson Kempner Capital Management LP, and comprising operating partners Highgate and Kronos has completed the acquisition of leading Portuguese investment manager ECS Capital.