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

Rooms: 152
Location: Washington, D.C.
Price, Including Debt: $49 million
Price Per Room: $324,503
Buyer: Electra America Hospitality Group, a joint venture between Electra America and AKA.
Seller: The George Washington University
Date of Transaction: June 15, 2022
Takeaway: The hotel will undergo a $30 million renovation and reopen in June 2023 as an AKA-branded luxury hotel, specializing in weekly and monthly stays.

Rooms: N/A
Location: Jackson, Wyoming
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Kemmons Wilson Hospitality Partners Management and Wright Investments
Seller: N/A
Date of Transaction: June 13, 2022
Takeaway: The hotel will remain a Homewood Suites managed by Hospitality Management Advisors, an affiliate of Wright. Additional terms of the transaction were not disclosed.

Rooms: 562 total
Location: Acworth, Georgia, and Tennessee cities of Chattanooga, Cleveland and Knoxville.
Price, Including Debt: $29 million
Price Per Room: $51,601
Buyer: The Siegel Group
Seller: N/A
Date of Transaction: June 13, 2022
Takeaway: The five extended-stay hotels previously operated under the Hamilton Inn Extended-Stay brand. The Siegel Group will be operating each hotel under its Siegel Select brand. The hotels will be renamed as: Siegel Select Chattanooga, Siegel Select Chattanooga 2, Siegel Select Cleveland, Siegel Select Knoxville and Siegel Select Atlanta/Acworth.

Rooms: 156; 108
Location: Miami
Price, Including Debt: $89 million
Price Per Room: $337,000
Buyer: Summit Hotel Properties
Seller: Robert Finvarb Companies
Date of Transaction: June 10, 2022
Takeaway: The project's developer, an affiliate of Robert Finvarb Companies, will remain Summit's joint venture partner with a 10% equity interest in Brickell Hotels.

Rooms: 190
Location: Raleigh, North Carolina
Price, Including Debt: $42 million
Price Per Room: $184,934
Buyer: CS Acquisition Vehicle
Seller: Sotherly Hotels
Date of Transaction: June 10, 2022
Takeaway: Some proceeds of the sale will be used to make any required distribution of Sotherly's preferred stock related to maintaining its real estate investment trust status as well as for general corporate purposes.

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