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US Hotel Deals: Hyatt Regency Greenwich Sells

Other Transactions Include a Hilton Garden Inn; Two Hampton Inns; and More
An investment fund managed by Trinity Fund Advisors purchased the Hyatt Regency Greenwich for an undisclosed price. (Hyatt Hotels Corp.)
An investment fund managed by Trinity Fund Advisors purchased the Hyatt Regency Greenwich for an undisclosed price. (Hyatt Hotels Corp.)
Hotel News Now
October 11, 2022 | 12:47 P.M.

This roundup features the latest hotel transactions in the U.S. hotel industry.

Hyatt Regency Greenwich

Rooms: 373
Location: Old Greenwich, Connecticut
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: An investment fund managed by Trinity Fund Advisors
Seller: Hyatt Hotels Corp.
Date of Transaction: Oct. 6, 2022
Takeaway: Trinity's capital improvement plan could include a multimillion-dollar renovation of the hotel's guest rooms, lobby and meeting space.

The Lodge on the Desert

Rooms: 102
Location: Tucson, Arizona
Price, Including Debt: $16 million
Price Per Room: $155,340
Buyer: Alvemon Lodge
Seller: Lodge Partners
Date of Transaction: Sept. 29, 2022
Takeaway: Cushman & Wakefield brokered the sale.

Hilton Garden Inn Huntsville South/Redstone Arsenal

Rooms: 102
Location: Huntsville, Alabama
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Waramaug Hospitality
Seller: Wedge Commercial Properties
Date of Transaction: Sept. 26, 2022
Takeaway: Terrapin Hospitality will manage this asset, which is part of a portfolio sale.

Hampton Inn & Suites Athens I-65/Huntsville Area

Rooms: 88
Location: Athens, Alabama
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Waramaug Hospitality
Seller: Wedge Commercial Properties
Date of Transaction: Sept. 26, 2022
Takeaway: Terrapin Hospitality will manage this asset, which is part of a portfolio sale.

Hampton Inn Panama City Beach

Rooms: 89
Location: Panama City, Florida
Price, Including Debt: $15.4 million
Price Per Room: $173,174
Buyer: The RADCO Companies
Seller: WeCare Hotels
Date of Transaction: Sept. 16, 2022
Takeaway: Hunter Hotel Advisors brokered the sale.

Hyatt Place Los Angeles/LAX/El Segundo

Rooms: 143
Location: El Segundo, California
Price, Including Debt: $49 million
Price Per Room: $342,657
Buyer: Welcome Group, Inc.
Seller: Washington Holdings
Date of Transaction: Sept. 15, 2022
Takeaway: JLL's Hotels and Hospitality Group represented the seller.

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