Articles tagged Hotel Portfolio Transaction

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.

2023-05-17

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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.

2023-04-18

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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.

2023-03-20

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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.

2023-02-01

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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.

2023-01-18

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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.

2023-01-04

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Hotel Portfolio Transaction

Viceroy Hotels & Resorts Sold to Highgate

An affiliate of the Principals of Highgate announced yesterday that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts.

2022-12-16

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Hotel Portfolio Transaction

$55M Sale of Six Hyatt Place Branded Hotels Across Southeast, Texas and Kansas Closes

JLL Hotels & Hospitality Group has closed the sale of the select-service hotel portfolio spanning six states

2022-11-17

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Hotel Portfolio Transaction

AC Hotel by Marriott Louisville Downtown and the AC Hotel by Marriott Pittsburgh Downtown Sold for a Combined Total of $85 Million

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.

2022-10-27

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Hotel Portfolio Transaction

Service Properties Trust Enters Agreement to Sell 16 Marriott Branded Hotels For $137.3 Million

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.

2022-09-29

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