(Updated on Jan. 27 to correct the brand identity of the property in the first item.)
Residence Inn by Marriott San Diego Mission Valley
Rooms: 192
Location: San Diego
Price, Including Debt: $67 million
Price Per Room: $349,000
Buyer: San Diego Housing Commission
Seller: Chatham Lodging Trust
Date of Transaction: Dec. 1, 2020
Takeaway: Proceeds from the deal will be used to repay the $27 million mortgage on the property.
Sheraton Wilmington South
Rooms: 192
Location: New Castle, Delaware
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: New Castle County
Seller: Hersha Hospitality Trust
Date of Transaction: Dec. 21, 2020
Takeaway: JLL Hotels & Hospitality worked behalf on the seller.
Hilton Dallas Southlake Town Square
Rooms: 248
Location: Dallas
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Driftwood Capital
Seller: Hobbs & Curry Family Limited Partnership
Date of Transaction: Dec. 21, 2020
Takeaway: Driftwood Capital plans to invest $5 million in property renovations over the next 12 months.
Holiday Inn Resort
Rooms: 184
Location: Wrightsville Beach, North Carolina
Price, Including Debt: $30.25 million
Price Per Room: $164,402
Buyer: N/A
Seller: Marcus & Millichap
Date of Transaction: Dec. 28, 2020
Takeaway: The hotel has more than 8,000 square feet of meeting space.