This roundup features the latest hotel transactions in the U.S. hotel industry.
Crowne Plaza North Augusta
Rooms: 180
Location: Augusta, Georgia
Buyer: Flacks Group
Seller: Ackerman & Co.
Date of transaction: Nov. 26, 2024
Takeaway: The property, a short distance from the Augusta National Golf Club, was built in 2019.
Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest
Rooms: 120
Location: Tamarac, Florida
Price, including debt: $23 million
Price per room: $191,667
Buyer: Nexgen Hotels
Seller: AD1 Global
Date of transaction: Nov. 21, 2024
Takeaway: The property opened in October 2023.
The Maritime Hotel Fort Lauderdale Airport & Cruiseport
Rooms: 150
Location: Fort Lauderdale, Florida
Buyer: Nexgen Hotels
Seller: Hotel at Marina Bay LLC
Date of transaction: Nov. 12, 2024
Takeaway: The boutique hotel is slated for a renovation and conversion, after which it will be known as The Moor Hotel at Marina Bay, a Tribute Portfolio Hotel.
A dual-brand Residence Inn and Fairfield Inn & Suites property
Rooms: 212
Location: Broomfield, Colorado
Price, including debt: $29 million
Price per room: $136,792
Buyer: AWH Capital Partners
Seller: Bedford Lodging
Date of transaction: Oct. 30, 2024
Takeaway: The property, which flies Residence Inn and Fairfield Inn & Suites flags, will be managed by Spire Hospitality.
Portfolio of three hotels near Indianapolis
Rooms: 356
Location: Fishers, Indiana
Price, including debt: $80 million
Price per room: $224,719
Buyer: Noble Investment Group
Seller: Dunn Hospitality Group
Date of transaction: Oct. 18, 2024
Takeaway: The hotels included in the deal are the 145-room Courtyard Indianapolis Fishers and a dual-brand property including the 120-room Hyatt Place Indianapolis/Fishers and the 91-room Hyatt House Indianapolis/Fishers.