This roundup features the latest hotel transactions in the U.S. hotel industry.
Dual-Branded Homewood Suites & Tru by Hilton Albany Crossgates Mall
Rooms: 192
Location: Albany, New York
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Maine Course Hospitality Group
Seller: Pyramid Management Group
Date of Transaction: July 14, 2022
Takeaway: JLL's Hotels and Hospitality Group marketed the hotel on behalf of Pyramid Management Group.
Three Orlando Hotels
Rooms: 434
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Monarch Alternative Capital LP
Seller: HHM
Date of Transaction: July 14, 2022
Takeaway: The hotels within the portfolio include the 140-room Holiday Inn Express & Suites Orlando — Lake Buena Vista Area, the 141-room Aloft Orlando Lake Buena Vista and the 153-room TownePlace Suites Orlando Southwest near Universal.
Four Sonesta Hotels
Rooms: 463
Location: Dallas-Fort Worth metroplex
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Equinox Hospitality
Seller: Sonesta International Hotels Corp.
Date of Transaction: July 13, 2022
Takeaway: Prior to joining Sonesta, the properties were branded under the Residence Inn by Marriott, Courtyard by Marriott and Candlewood Suites brands, according to CoStar data. The price of the portfolio deal was not disclosed.
Sleep Inn by Choice Hotels
Rooms: 77
Location: Wesley Chapel, Florida
Price, Including Debt: $8.8 million
Price Per Room: $114,610
Buyer: QDI 3, LLC
Seller: NARD, Inc.
Date of Transaction: July 8, 2022
Takeaway: The hotel hasn't traded buyers since it was built in 1997.