This roundup features the latest hotel transactions in the U.S. hotel industry.
Rooms: 758 total
Location: New Orleans
Buyer: Gencom
Seller: WH Holdings
Date of transaction: March 21, 2025
Takeaway: The 528-key Ritz-Carlton and 230-key Courtyard are connected properties within walking distance of Bourbon Street. No sales price was disclosed.
Rooms: 1,249
Location: Atlanta
Price, including debt: $191 million
Price per room: $152,922
Buyer: Trinity Investments and Axonic Capital
Seller: Apollo Global Management and Haberhill
Date of transaction: March 4, 2025
Takeaway: Honolulu-based Trinity Investments and New York-based Axonic Capital took ownership of the 1,249-room Hilton Atlanta with a $191 million credit bid at a foreclosure auction.
Rooms: 410
Location: Washington, D.C.
Price, including debt: $92 million
Price per room: $224,390
Buyer: Columbia Sussex Corporation
Seller: DiamondRock Hospitality
Date of transaction: Feb. 19, 2025
Takeaway: The sales price represented an 11.2-times multiple on 2024 hotel earnings before interest, taxes, depreciation and amortization, and a 7.5% capitalization rate on 2024 hotel net operating income, or a capitalization rate of 5.6% inclusive of the company’s projected capital expenditures.
Rooms: 76
Location: Chattanooga, Tennessee
Price, including debt: $8.25 million
Price per room: $108,533
Buyer: Pulse Hotel Group and MD Hospitality
Seller: Apple Hospitality REIT
Date of transaction: Feb. 12, 2025
Takeaway: Tim Osborne, senior vice president of Hunter Hotel Advisors, facilitated the transaction.