This roundup features the latest hotel transactions in the U.S. hotel industry.
DoubleTree Suites by Hilton Minneapolis Downtown
Rooms: 229
Location: Minneapolis, Minnesota
Price, Including Debt: $29.8 million
Price Per Room: $129,913
Buyer: MCR
Date of Transaction: Dec. 16, 2021
Takeaway: This is the third property in the Minneapolis metropolitan area over the past 12 months that MCR has purchased.
Seven Springs Mountain Resort
Location: Seven Springs, Pennsylvania
Price, Including Debt: $125 million
Buyer: Vail Resorts
Date of Transaction: Entered into an agreement on Dec. 8, 2021.
Takeaway: The acquisition also includes Hidden Valley Resort and the operations of Laurel Mountain Ski area. The purchase price is subject to certain adjustments.
AC Hotel Miami Aventura
Rooms: 233
Location: Aventura, Florida
Buyer: Peachtree Hotel Group
Date of Transaction: Dec. 7, 2021
Takeaway: Peachtree Hospitality Management will operate the hotel.
Aloft Miami Aventura
Rooms: 207
Location: Aventura, California
Buyer: Peachtree Hotel Group
Date of Transaction: Dec. 7, 2021
Takeaway: Peachtree Hospitality Management will operate the hotel.
Estancia La Jolla Hotel & Spa
Rooms: 210
Location: La Jolla, California
Price, Including Debt: $108 million
Price Per Room: $514,285
Buyer: Pebblebrook Hotel Trust
Date of Transaction: Dec. 1, 2021
Takeaway: Pebblebrook retained Noble House Hotels & Resorts to manage the hotel.
Hotel Martinique New York on Broadway
Rooms: 531
Location: New York City
Price, Including Debt: $55.5 million
Price Per Room: $104,519
Seller: Herald Hotel Associates
Buyer: Burnett Equities
Date of Transaction: Nov. 23, 2021
Takeaway: The new ownership plans to invest another $55 million to redevelop the hotel.
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