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Hotel Transactions: 16 November 2010

 
By the HNN editorial staff
November 17, 2010 | 2:19 AM

Source: STR Analytics/HotelNewsNow.com research

Property                      Location                      Rooms          Price         Price/Rm       Buyer               Seller             Shawn A. Turner's quick take                                                 
Super 8 Lexena Lexena, Kansas 101 2,100,000 20,792 E & P Financing Limited Partnership Supertel Hospitality YoY assessed value down 0.6% to US$362,500 according to Johnson County Kansas Appraiser's Office.
Skamania Lodge Stevenson, Washington  254 55,800,000 219,685 Pebblebrook Hotel Trust Loew Enterprises Acquisition funded with available cash. Pebblebrook will retain Destination Hotels and Resorts to manage the property.
Radisson Boston Boston 358 143,500,000 400,838 Northwood Investors, LLC John Philopoulos Associates Trust Loan amount: US$39.7 million, according to the Suffolk County Registry of Deeds
Roger Williams New York 193 90,000,000 466,321 LaSalle Hotel Properties JRK Hotel Group, Inc. Mortgage amount: US$64 million, according to New York City Department of Finance
Custom Hotel Los Angeles 250 50,000,000 200,000 Geolo Capital Marathon Asset Management 2010 land value: US$5.5 million, according to the Los Angeles County Office of the Assessor
Westin Dallas City Center Dallas 407 50,000,000 122,850 Inland American Real Estate Trust LaSalle Hotel Properties Sale represented a gain of US$29.2 million, according to LaSalle Securities and Exchange Commission filing.
St. Regis Aspen Aspen, Colorado 179 70,000,000 391,061 OptAsia Capital, Inc. Starwood Hotels & Resorts Worldwide Total assessed value of US$23.1 million, according to Pitkin County Assessor/Treasurer's office
Grand Minneapolis Minneapolis 140 33,000,000 235,714 Pebblebrook Hotel Trust Wirth Companies Total payable 2010 taxes due of US$182,025.84, according to Hennepin County Treasurer
Hilton Walt Disney World Lake Buena Vista, Florida 814 127,000,000 156,020 Blackstone Group Tishman Hotel Corporation 2010 certified assessed value of US$80.2 million, according to Orange County Property Appraiser
Hilton Garden Inn Nashville Nashville 194 42,667,000 219,933 Apple REIT Nine NP Broadway LLC Total appraisal value of US$23.2 million, according to Tennessee Comptroller of the Treasury
Hilton Garden Inn Chelsea New York 169 68,400,000 404,734 DiamondRock Hospitality Company Inland American Winston Hotels NYC real estate property transfer tax: US$1,756,125. NYS real estate property transfer tax: US$267,600.
Monaco Washington DC Washington, DC 183 74,000,000 404,372 Pebblebrook Hotel Trust Kimpton Hotel & Restaurant Group Acquisition included assumption of US$35 million mortgage, according to SEC filing.