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.