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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)
Hotel News Now
April 26, 2022 | 12:33 P.M.

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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