This roundup features the latest hotel transactions in the U.S. hotel industry.
Kimpton Hotel Monaco Seattle Downtown
Rooms: 189
Location: Seattle
Price, Including Debt: $63.3 million
Price Per Room: $334,656
Buyer: InnVest Hotels
Seller: Pebblebrook Hotels Trust
Date of Transaction: May 9, 2023
Takeaway: The new owner plans to renovate the hotel. It will remain under Kimpton Hotels & Restaurants' management.
Marriott Saddle Brook
Rooms: 241
Location: Saddle Brook, New Jersey
Price, Including Debt: $16.8 million
Price Per Room: $69,663
Buyer: Victory International USA
Seller: Pyramid Global Hospitality
Date of Transaction: March 23, 2023
Takeaway: The property sold at auction, with the starting bid at $5.5 million, according to CoStar research.
Hampton Inn Vero Beach
Rooms: 63
Location: Vero Beach, Florida
Price, Including Debt: $8.2 million
Price Per Room: $129,365
Buyer: WeCare Hotels
Seller: Liberty Hospitality Management
Date of Transaction: May 5, 2023
Takeaway: Managing Director Michael Weinberg and Associate Director Kyle Sahlsten of Berkadia Hotels & Hospitality led the transaction on behalf of the seller.