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US hotel deals: InterContinental New York Times Square sells for $230 million

Park Hotels & Resorts sells two San Francisco properties
The 607-room InterContinental New York Times Square sold for $230 million to Highgate Hotels, Gencom and Argent Ventures. (CoStar)
The 607-room InterContinental New York Times Square sold for $230 million to Highgate Hotels, Gencom and Argent Ventures. (CoStar)

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

Hotel nameRoomsLocationPrice, including debtPrice per roomBuyerSellerDate of transactionTakeaway
InterContinental New York Times Square607New York City$230 million$378,913Highgate Hotels, Gencom and Argent VenturesTishman and MetLife Investment ManagementDec. 9, 2025The luxury property was built in 2010 and renovated in 2020.
The Westin Michigan Avenue Chicago752Chicago$72 million$95,745Vinayaka HospitalityPebblebrook Hotel TrustDec. 3, 2025Pebblebrook sold the three luxury retail condos in the first floor of the building in 2023 for $27.3 million to Blatteis & Schnur.
Bobby Hotel144Nashville, Tennessee$50 million$347,222Portsmouth Corporate Financial ServicesMusic City Venture GPDec. 1, 2025The seller bought out Castlerock Asset Management's 50% ownership stake in the property for $36 million in September.
Hilton San Francisco Union Square1,921San Francisco$243.15 million$126,574Conversant Capital and Newbond HoldingsPark Hotels & ResortsNov. 26, 2025The sale was part of a two-asset deal totaling $367.2 million.
Park 55 San Francisco1,024San Francisco$124 million$121,096Conversant Capital and Newbond HoldingsPark Hotels & ResortsNov. 26, 2025The sale was part of a two-asset deal totaling $367.2 million.
Four Seasons Hotel San Francisco277San Francisco$130 million$469,314BRE Hotels & ResortsWestbrook PartnersNov. 26, 2025This acquisition represents Blackstone's first hotel purchase in San Francisco in more than a decade and is widely viewed as a vote of confidence in the city's hospitality sector.

Click here to read more hotel news on CoStar News Hotels.

News | US hotel deals: InterContinental New York Times Square sells for $230 million