This roundup features the latest hotel transactions in the U.S. hotel industry.
Embassy Suites by Hilton Sarasota
Rooms: 180
Location: Sarasota, Florida
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Kolter Hospitality
Seller: N/A
Date of Transaction: April 25, 2022
Takeaway: The hotel has 3,262 square feet of flexible meeting space.
Quality Inn at International Drive Orlando
Rooms: 200
Location: Orlando, Florida
Price Including Debt: N/A
Price Per Room: N/A
Buyer: HKB Investment Group
Seller: Sun Vista Hotels
Date of Transaction: April 22, 2022
Takeaway: DHS Hotel Advisors represented the seller and Marcus & Millichap represented the buyer.
Sheraton New York Times Square Hotel
Rooms: 1,780
Location: New York
Price, Including Debt: $373 million
Price Per Room: $210,000
Buyer: Joint venture between MCR and Island Capital Group
Seller: Host Hotels & Resorts
Date of Transaction: April 20, 2022
Takeaway: Host is providing a $250 million bridge loan to the joint venture.
Dual-Branded Residence Inn and Fairfield Inn & Suites Boston Waltham
Rooms: 192
Location: Waltham, Massachusetts
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Mission Hill Hospitality
Seller: N/A
Date of Transaction: April 5, 2022
Takeaway: Island Hospitality operates the hotel.
The Chancellor's House
Rooms: 38
Location: Oxford, Mississippi
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: BNA Associates
Seller: Sendero Energy
Date of Transaction: April 5, 2022
Takeaway: CBRE arranged the sale.
Chatham Wayside Inn
Rooms: 56
Location: Chatham, Massachusetts
Price, Including Debt: $18 million
Price Per Room: $321,429
Buyer: Procaccianti Companies
Seller: Chatfield Company
Date of Transaction: March 31, 2022
Takeaway: The hotel is managed by TPG Hotels, Resorts & Marinas.