This roundup features the latest hotel transactions in the U.S. hotel industry.
Rooms: 450
Location: Seattle
Price, Including Debt: $87 million
Price Per Room: $193,333
Buyer: Trinity Investments
Seller: Ivanhoe Cambridge and Rockwood Capital
Date of Transaction: Dec. 19, 2024
Takeaway: The property recently underwent a $22 million renovation focusing on public areas.
Rooms: 289
Location: New York
Price, Including Debt: $94.5 million
Price Per Room: $326,990
Buyer: Slate Property Group
Seller: McSam Hotel Group
Date of Transaction: Dec. 12, 2024
Takeaway: The hotel was recently used as a homeless shelter during the COVID-19 pandemic.
Rooms: 220
Location: Washington, D.C.
Buyer: Acore Capital
Seller: Friedman Capital and The Sydell Group
Date of Transaction: Jan. 23, 2025
Takeaway: The property was sold in a foreclosure auction.
Rooms: 292
Location: New York
Price, Including Debt: $175 million
Price Per Room: $599,315
Buyer: Blackstone
Seller: DLJ Real Estate Capital Partners
Takeaway: The deal has not closed but was announced on Jan. 21.
Rooms: 152
Location: Dallas, Texas
Buyer: A joint venture of Charter Holdings and Liberty Hospitality Partners
Seller: Napali Capital
Date of Transaction: Dec. 30, 2024
Takeaway: The former bank building was converted to a hotel in 2021.