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US Hotel Deals: Hawkeye Hotels Buys Fairfield in Cambridge, Ohio

Hyatt Regency Austin, Texas; Hilo Seaside Hotel; and More
The Gallivant Times Square Hotel sold in New York City on March 23, 2021. (JLL Hotels & Hospitality)
The Gallivant Times Square Hotel sold in New York City on March 23, 2021. (JLL Hotels & Hospitality)
By the HNN editorial staff
April 13, 2021 | 12:57 P.M.

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.