This roundup features the latest hotel transactions in the U.S. hotel industry.
Courtyard Lenox Berkshires and Hampton Inn and Suites Berkshires-Lenox
Rooms: 92; 79
Location: Lenox, Massachusetts
Price, Including Debt: $25 million; $13 million
Price Per Room: $271,739; $164,557
Buyer: Mission Hill Hospitality
Seller: Toole Companies
Date of Transaction: Aug. 11, 2022
Takeaway: Both hotels are select service.
TownePlace Suites by Marriott Dallas Las Colinas
Rooms: 135
Location: Irving, Texas
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: NewcrestImage
Seller: LNR Partners
Date of Transaction: July 21, 2022
Takeaway: NewcrestImage will fully renovate the hotel, which opened in 1998. It was last renovated in 2014.
Canopy by Hilton Atlanta Midtown
Rooms: 176
Location: Atlanta
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Peachtree Hotel Group
Seller: Greystar Real Estate Partners
Date of Transaction: July 12, 2022
Takeaway: Peachtree will operate the property.
Courtyard Ithaca Airport/University
Rooms: 107
Location: Ithaca, New York
Price, Including Debt: $11.25 million
Price Per Room: $105,140
Buyer: Skyline Investments
Seller: Delmonte Hotel Group
Date of Transaction: July 11, 2022
Takeaway: Mayank Patel, senior vice president of Hunter Hotel Advisors, represented the seller.