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US Hotel Deals: Phoenix Downtown AC Marriott Sells

AC Hotel Portland, Maine; Home2 Suites Jacksonville Airport
Arbor Lodging Partners purchased the Phoenix Downtown AC Marriott from NewcrestImage. (CoStar)
Arbor Lodging Partners purchased the Phoenix Downtown AC Marriott from NewcrestImage. (CoStar)
Hotel News Now
August 31, 2021 | 1:37 P.M.

This roundup features the latest hotel transactions in the U.S. hotel industry.

Phoenix Downtown AC Marriott

Rooms: 199
Location: Phoenix
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Arbor Lodging Partners
Seller: NewcrestImage
Date of Transaction: Aug. 27, 2021
Takeaway: Phoenix-based hospitality brokerage firm NewGen Advisory represented both the buyer and seller in the deal.

AC Hotel by Marriott in Portland, Maine

Rooms: 178
Location: Portland, Maine
Price, Including Debt: $66.8 million
Price Per Room: $375,000
Buyer: Apple Hospitality REIT
Seller: N/A
Date of Transaction: Aug. 23, 2021
Takeaway: In total, Apple plans to own three hotels along Portland's waterfront.

The Home2 Suites by Hilton Jacksonville Airport in Florida sold for $11.5 million. (CoStar)

Home2 Suites by Hilton Jacksonville Airport in Florida

Rooms: 106
Location: Jacksonville, Florida
Price, Including Debt: $11.5 million
Price Per Room: $108,491
Buyer: N/A
Seller: BPR Properties
Date of Transaction: Aug. 18, 2021
Takeaway: The unnamed buyer is a large private equity group. Hunter Hotel Advisors represented the seller.

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