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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)
CoStar News
December 16, 2025 | 1:27 P.M.

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.