This roundup features the latest hotel transactions in the U.S. hotel industry.
EnVue Autograph Collection Port Imperial
Rooms: 208
Location: Weehawken, New Jersey
Price, Including Debt: $50.4 million
Price Per Room: $242,466 per room
Buyer: Navika Capital Group
Seller: Veris Residential
Date of Transaction: Feb. 23, 2023
Takeaway: JLL represented the seller. This was part of two-hotel portfolio sale.
Residence Inn Weehawken Port Imperial
Rooms: 164
Location: Weehawken, New Jersey
Price, Including Debt: $46,567
Price Per Room: $283,945
Buyer: Navika Capital
Seller: Veris Residential
Date of Transaction: Feb. 23, 2023
Takeaway: JLL represented the seller. This was part of a two-hotel portfolio sale.
The Heathman Hotel
Rooms: 151
Location: Portland, Oregon
Price, Including Debt: $45 million
Price Per Room: $298,013
Buyer: An undisclosed third party
Seller: Pebblebrook Hotel Trust
Date of Transaction: Feb. 23, 2023
Takeaway: Pebblebrook stated in a news release the sale of The Heathman Hotel will be used for general corporate purposes.
Element Basalt Aspen
Rooms: 113
Location: Aspen, Colorado
Price, Including Debt: $42.4 million
Price Per Room: $374,779
Buyer: Crescent Real Estate Equities
Seller: Silverwest Hotels
Date of Transaction: Jan. 19, 2023
Takeaway: JLL represented the seller and secured acquisition financing for the buyer.