Following is a list of the largest confirmed deals during the second calendar quarter of 2011. This is not meant to be a comprehensive list. It is the policy of the Hotel Investment Barometer to publish only those deals for which buyer, seller and price can be confirmed.
| Hotel | Location | Rooms | Price | Price/room | Date | Buyer | Seller | Shawn A. Turner's take |
| Hilton San Diego Bayfront | San Diego | 1,190 | US$475 million | US$399,160 | 18 April | Sunstone Hotel Investors | ING Clarion Partners (1) | Concurrent with the deal, the joint venture that owns the hotel entered into a US$240-million mortgage financing secured by the hotel. The financing has a floating rate of LIBOR plus 325 basis points and matures in 2016. |
| New York Palace | New York | 889 | US$400 million | US$445,000 | 18 May | Northwood Investors LLC | Entity affiliated with the royal family of Brunei | This is the second time the Palace has traded during the past 30 years, according to Bloomberg. |
| Radisson Lexington Hotel New York | New York | 712 | US$335 million | US$475,506 | 16 May | DiamondRock Hospitality Company | Lexington Hotel LLC | Forecasted 2011 revenue per available room for the property is US$198, according to DiamondRock. |
| IP Casino Resort & Spa | Biloxi, Mississippi | 1,100 | US$278 million | US$252,727 | 16 June | Boyd Gaming Corporation | Imperial Palace of Mississippi LLC and Key Largo Holdings | The transaction is being financed by Boyd's revolving credit facility. |
| Paramount Hotel | New York | 597 | US$275 million (2) | US$460,636 | 10 June | RFR Holding | Walton Street Capital and Highgate Holdings | The Paramount Hotel underwent a US$40-million renovation in 2009, according to The Wall Street Journal. |
| Mondrian Los Angeles | Los Angeles | 237 | US$137 million | US$578,059 | 25 April | Affiliate of Pebblebrook Hotel Trust | Morgans Hotel Group Company | Available cash funded the deal. |
| Royal Palm | Miami Beach, Florida | 417 | US$130 million | US$311,751 | 18 April | KSL Capital Partners LLC | Sunstone Hotel Investors | Sunstone on 7 April announced the closing of an underwritten public offering of 4.6 million shares of 8% Series D Cumulative Redeemable Preferred Stock. Gross proceeds were US$115 million. |
| W Chicago-City Center | Chicago | 368 | US$128.8 million | US$350,000 | 10 May | Chesapeake Lodging Trust | Starwood Hotels & Resorts Worldwide | Revenue per available room for the hotel year-to-date through April is up 19.4%, according to Chesapeake. |
| Westin Gaslamp Quarter | San Diego | 450 | US$110 million | US$244,000 | 7 April | Pebblebrook Hotel Trust | Starwood Hotels & Resorts Worldwide | During 2010, the hotel's occupancy was 72% and average daily rate was US$157, according to a Pebblebrook news release. |
| St. Regis Washington, D.C. | Washington, D.C. | 182 | US$100 million | US$549,451 | 17 May | Westbrook Partners | Claret Capital | Barclays Capital, the lender on the property, began foreclosure proceedings on the property last October. |
Compiled by STR Analytics and Hotel Investment Barometer research.