This roundup features the latest hotel transactions in the U.S. hotel industry through the first half of April.
Hyatt Regency Austin, Texas
Rooms: 448
Location: Austin, Texas
Price, Including Debt: $161 million
Price Per Room: $359,375
Buyer: Host Hotels & Resorts
Seller: N/A
Date of Transaction: March 17, 2021
Takeaway: Hyatt Hotels Corp. will continue to manage the property under a long-term management agreement.
Fairfield Inn & Suites Cambridge, Ohio
Rooms: 99
Location: Cambridge, Ohio
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Hawkeye Hotels
Seller: N/A
Date of Transaction: March 18, 2021
Takeaway: This was the company's second acquisition in 2021.
Aloft Oklahoma City Downtown — Bricktown
Rooms: 134
Location: Oklahoma City, Oklahoma
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Hawkeye Hotels
Seller: N/A
Date of Transaction: March 18, 2021
Takeaway: This was the company's third acquisition in 2021.
Gallivant Times Square Hotel
Rooms: 336
Location: New York, New York
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: N/A
Seller: N/A
Date of Transaction: March 23, 2021
Takeaway: JLL Hotels & Hospitality represented the seller. This was the fourth asset that JLL has advised on in New York City since September 2020.
Hilo Seaside Hotel
Rooms: 138
Location: Hilo, Hawaii
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Soul Community Planet
Seller: The Kimi family
Date of Transaction: March 19
Takeaway: The hotel will undergo a $4.6 million renovation and rebrand as the SCP Hotel on June 1, 2021.
Compiled by Dana Miller.