This roundup features the latest hotel transactions in the U.S. hotel industry.
Turtle Bay Resort
Rooms: 450
Location: Kahuku, Hawaii
Price, Including Debt: $725 million
Price Per Room: $1.6 million
Buyer: Host Hotels & Resorts
Seller: Blackstone Real Estate
Date of Transaction: Announced May 29, slated to close in the third quarter
Takeaway: The deal included key money from Marriott International to rebrand as a Ritz-Carlton resort.
Home2 Suites Phoenix Downtown
Rooms: 148
Location: Phoenix, Arizona
Price, Including Debt: $43.3 million
Price Per Room: $293,000
Buyer: Chatham Lodging Trust
Date of Transaction: May 31
Takeaway: This marks Chatham first acquisition in more than two years.
Austin Marriott North
Rooms: 295
Location: Round Rock, Texas
Buyer: Joint venture of Waramaug Hospitality and Franklin Real Estate Advisors
Date of Transaction: May 29
Takeaway: The buyers noted they've identified "several value-add initiatives" for property near downtown Austin.
Microtel Inn & Suites Wheeling at Highlands and Microtel Inn & Suites St. Clairsville
Rooms: 170
Location: Wheeling, West Virginia
Buyer: Two investor groups
Seller: Funds managed by Rialto Capital, represented
Date of Transaction: April 30
Takeaway: Sellers were represented by Hunter Hotel Advisors' Robert Taylor, Sophia Pittaluga and Chase Perry.
Hampton Inn Atlanta-North Druid Hills
Rooms: 111
Location: Atlanta, Georgia
Buyer: Skyland Trail
Seller: AD1 Global
Date of Transaction: May 21
Takeaway: The buyer is a nonprofit mental health treatment organization looking to expand a contiguous property.
Staybridge Suites Tysons-McLean
Rooms: 142
Location: McLean, Virginia
Buyer: SAK Developers
Seller: An institutional seller represented by Hunter Hotel Advisors
Date of Transaction: May 10
Takeaway: The five-story property is located in an affluent suburb of Washington D.C.
Red Roof Plus Palm Coast
Rooms: 78
Location: Palm Coast, Florida
Buyer: RRPC
Seller: SVM Palm Coast
Date of Transaction: May 1
Takeaway: The deal closed in 34 days.