This roundup features the latest hotel transactions in the U.S. hotel industry.
One Ocean Resort & Spa
Rooms: 193
Location: Atlantic Beach, Florida
Price, Including Debt: $48.6 million
Price Per Room: $251,813
Buyer: A joint venture of Sage Hospitality Group, Aspect Real Estate Group, Corner lot and Kelco Management and Development
Seller: Ashford Hospitality Trust
Date of Transaction: June 27, 2024
Takeaway: The deal marks Sage's first acquisition in Florida. The property will be renovated in 2025.
Dual-Branded TownePlace Suites and Fairfield Inn & Suites Dallas Downtown
Rooms: 274
Location: Dallas
Buyer: A joint venture between Lowen Hospitality and Vashee & Associates
Seller: Butler Brothers Hospitality Group LLC
Date of Transaction: June 26
Takeaway: Marcus & Millichap represented the seller in the deal, noting it's the first hotel transaction in the Dallas central business district since January 2022.
Embassy Suites Orlando International Drive Icon Park
Rooms: 246
Location: Orlando, Florida
Price, Including Debt: $37.7 million
Price Per Room: $153,252
Buyer: Leo Capital
Seller: Hospitality Investors Trust
Date of Transaction: June 11
Takeaway: Hotel Hotels Advisors represented the seller in the deal.
Le Méridien Atlanta Perimeter
Rooms: 275
Location: Atlanta, Georgia
Price, Including Debt: $22 million
Price Per Room: $80,000
Buyer: Whitestone Companies and Shaner Hotel Group
Seller: Starwood Capital Group and Schulte Hospitality Group
Date of Transaction: June 4
Takeaway: The purchase is Whitestone's first in Atlanta.