This roundup includes the latest hotel transactions in the United States.
Killington Mountain Lodge
Rooms: 102
Location: Killington, Vermont
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: MCR
Seller: N/A
Date of Transaction: March 11, 2021
Takeaway: MCR is operating the property as a Hilton Tapestry affiliate.
The Venetian Resort Las Vegas and Sands Expo and Convention Center
Rooms: 7,092
Location: Las Vegas, Nevada
Price, Including Debt: $6.25 billion
Price Per Room: N/A
Buyer: Vici Properties and Apollo Global Management
Seller: Las Vegas Sands Corp.
Date of Transaction: March 3
Takeaway: Vici Properties will purchase the real estate of The Venetian Resort Las Vegas and Sands Expo and Convention Center for roughly $4 billion in cash. An affiliate of funds managed by affiliates of Apollo Global Management will acquire the subsidiaries that hold the operating assets and liabilities of these properties for $1.05 billion in cash and $1.2 billion in seller financing.
Magnolia Hotel
Rooms: 325
Location: Dallas, Texas
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: NewcrestImage
Seller: Stout Street Hospitality
Date of Transaction: March 1, 2021
Takeaway: NewcrestImage acquired the property through its new $100 million real estate fund.
Courtyard San Diego Downtown
Rooms: 245
Location: San Diego, California
Price, Including Debt: $64.5 million
Price Per Room: $263,265
Buyer: N/A
Seller: Hersha Hospitality Trust
Date of Transaction: Feb. 24, 2021
Takeaway: JLL Hotels & Hospitality Group represented Hersha in completing the sale to the private buyer.
Courtyard by Marriott Denver-Aurora
Rooms: 141
Location: Aurora, Colorado
Price, Including Debt: $27.9 million
Price Per Room: $197,872
Buyer: Legendary Capital
Seller: N/A
Date of Transaction: Feb. 24, 2021
Takeaway: Marcus & Millichap brokered the sale.
Hyatt House Frisco
Rooms: 132
Location: Frisco, Texas
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: N/A
Seller: NewcrestImage
Date of Transaction: Feb. 16, 2021
Takeaway: The buyer is an unnamed group based in the northeastern U.S. The hotel was built by NewcrestImage and opened in March 2016.
Compiled by Dana Miller.