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US Hotel Deals: Embassy Suites by Hilton Sarasota Sells to Kolter Hospitality

Other Transactions Include Sheraton New York Times Square for $373 Million and a Quality Inn in Orlando

The 180-room Embassy Suites by Hilton Sarasota in Sarasota, Florida, was purchased by Kolter Hospitality. (CoStar)
The 180-room Embassy Suites by Hilton Sarasota in Sarasota, Florida, was purchased by Kolter Hospitality. (CoStar)

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.

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