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US Hotel Deals List: La Bellasera Hotel & Suites Sells for $16.7 Million

Other Transactions Include the Naples Beach Hotel & Golf Club for $362.3 Million, the Radisson Hotel Lansing and More

A joint venture of Peachtree Hotel Group and Verakin Capital purchased the 60-room La Bellasera Hotel & Suites in Paso Robles, California. (CoStar)
A joint venture of Peachtree Hotel Group and Verakin Capital purchased the 60-room La Bellasera Hotel & Suites in Paso Robles, California. (CoStar)

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.

The Holiday Inn Oceanfront in Sufside Beach, South Carolina, was purchased by Innisfree Hotels in partnership with RREAF Holdings. (CoStar)

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.

A joint venture between Electra America and Korman Companies purchased the Conrad Miami. (JLL)

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.

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