This roundup features the latest hotel transactions in the U.S. hotel industry.
Hampton Inn & Suites Paso Robles
Rooms: 81
Location: Paso Robles, California
Price, Including Debt: $12.7 million
Price Per Room: $156,653
Seller: N/A
Buyer: Peachtree Hotel Group and Verakin Capital
Date of Transaction: Nov. 16, 2021
Takeaway: Peachtree Hospitality Management will operate the hotel.
La Bellasera Hotel & Suites
Rooms: 60
Location: Paso Robles, California
Price, Including Debt: $16.7 million
Price Per Room: $278,018
Buyer: Peachtree Hotel Group and Verakin Capital
Date of Transaction: Nov. 16, 2021
Takeaway: Peachtree Hospitality Management will operate the hotel.
Holiday Inn Oceanfront
Rooms: 133
Location: Surfside Beach, South Carolina
Buyer: Innisfree and RREAF Holdings
Date of Transaction: Nov. 15, 2021
Takeaway: The hotel recently underwent a $7 million renovation.
Radisson Hotel Lansing
Rooms: 256
Location: Lansing, Michigan
Buyer: Waramaug Hospitality
Date of Transaction: Nov. 8, 2021
Takeaway: The new owner intends to renovate to property and convert it to the DoubleTree by Hilton brand.
Conrad Miami
Rooms: 203
Location: Miami, Florida
Seller: Mast Capital and Angelo Gordon
Buyer: Electra America and Korman Companies
Date of Transaction: Nov. 8, 2021
Takeaway: The new owners intend to convert the hotel to the AKA brand.
Naples Beach Hotel & Golf Club
Rooms: 216
Location: Old Naples, Florida
Price, Including Debt: $362.3 million
Price Per Room: $1.6 million
Seller: The Watkins Family
Buyer: The Athens Group and MSD Partners
Date of Transaction: Nov. 8, 2021
Takeaway: The hotel will be redeveloped into the Naples Beach Club, a luxury resort and residential development that will include a 216-room hotel managed by Four Seasons Hotels and Resorts.
Crane's Beach House Boutique Hotel & Luxury Villas
Rooms: 28
Location: Delray Beach, Florida
Price, Including Debt: $10 million
Price Per Room: $357,142
Seller: The Crane Family
Buyer: Menin Development.
Date of Transaction: Nov. 3, 2021
Takeaway: The new owner had recently opened its first hotel in the market, the 141-room The Ray, in September.