An affiliate of the Principals of Highgate announced yesterday that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts.
JLL Hotels & Hospitality Group has closed the sale of the select-service hotel portfolio spanning six states
Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced the acquisition of the AC Hotel by Marriott Louisville Downtown for $51 million, or approximately $327,000 per key, and the AC Hotel by Marriott Pittsburgh Downtown for $34 million, or approximately $254,000 per key.
Service Properties Trust (Nasdaq: SVC) yesterday announced it has entered into a purchase and sale agreement to sell 16 Marriott branded hotels totaling 2,155 keys for $137.3 million, excluding closing costs. SVC expects to close the transaction in the fourth quarter of 2022.
Noble Investment Group today announced the acquisition of a fourteen-asset Marriott, Hilton, and Hyatt hotel portfolio. Noble will invest in physical enhancements across the portfolio.
With the acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor's portfolio, including nine Mercure hotels and an ibis Styles property in Sydney's CBD.
The acquisition increases Ascott's global portfolio by 81 properties and about 15,000 units. Oakwood's approximately 8,500 operational units are expected to immediately contribute to Ascott's recurring fee income streams upon completion of the transaction slated in 3Q 2022.
The transaction comprises three premium resort and casino properties in Melbourne, Perth and Sydney.
The Siegel Group announced today that it had acquired a portfolio of five extended-stay properties previously operated under the Hamilton Inn Extended-Stay brand for $29 million.
Brings Total to 42 Hotels Sold for Aggregate Proceeds of Nearly $400 Million