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

Rooms: 610
Location: New York City
Price, Including Debt: $623 million
Price Per Room: $1.21 million
Buyer: Qatar Investment Authority
Seller: Witkoff
Date of Transaction: Aug. 17, 2023
Takeaway: The hotel was last listed for sale in 2017 for $1 billion before the owners refinanced it with a $615 million loan in 2019.

Rooms: 197
Location: New York City
Price, Including Debt: $50 million
Price Per Room: $236,158
Buyer: MCR
Seller: Solil Management
Date of Transaction: Aug. 25, 2023
Takeaway: MCR will complete an extensive renovation of the 99-year-old hotel.

Rooms: 222
Location: Atlanta
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Waramaug Hospitality
Seller: Junson Assets Management
Date of Transaction: Aug. 17, 2023
Takeaway: The price of the sale has not been disclosed. Aimbridge Hospitality has taken over operations of the hotel and plans to convert it to a Sheraton Hotel.

Rooms: 104
Location: Jacksonville, Florida
Price, Including Debt: $12.1 million
Price Per Room: $116,346
Buyer: AON Hospitality Group
Seller: Kenneth Picache
Date of Transaction: Aug. 10, 2023
Takeaway: This sale is part of a two-hotel portfolio, totaling $31.2 million. Marcus and Millichap arranged the sale.

Rooms: 117
Location: Jacksonville, Florida
Price, Including Debt: $19.2 million
Price Per Room: $164,103
Buyer: AON Hospitality Group
Seller: Kenneth Picache
Date of Transaction: Aug. 10, 2023
Takeaway: This sale is part of a two-hotel portfolio, totaling $31.2 million. Marcus and Millichap arranged the sale.

Rooms: 190
Location: West Palm Beach, Florida
Price, Including Debt: $60.3 million
Price Per Room: $317,108
Buyer: Calmwater Capital
Seller: Domenic Gatto
Date of Transaction: Aug. 31, 2023
Takeaway: The new owner is completing extensive renovations that include the property's 18-hole golf course. The course is set to reopen Sept. 30.

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