This roundup features the latest hotel transactions in the U.S. hotel industry.
Montage Healdsburg
Rooms: 130
Location: Healdsburg, California
Price, Including Debt: $265 million
Price Per Room: $2 million
Buyer: Sunstone Hotel Investors
Seller: Ohana
Date of Transaction: April 29, 2021
Takeaway: Ohana will continue to own and be responsible for the development and sales of the property's 40 Montage Residences.
The Waynesville Inn Golf Resort & Spa
Rooms: 111
Location: Waynesville, North Carolina
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Raines
Seller: N/A
Date of Transaction: April 20, 2021
Takeaway: The hotel is set to undergo a renovation in late summer and will take 16-24 months to complete. It will join the Trademark Collection by Wyndham.
Allegria Hotel
Rooms: 156
Location: Long Beach, New York
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Linchris Capital Partners
Seller: Stabilis Capital Management
Date of Transaction: May 6, 2021
Takeaway: JLL Hotels & Hospitality represented the seller.
Shoreham Hotel
Rooms: 179
Location: Manhattan, New York
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Linchris Capital Partners
Seller: N/A
Date of Transaction: May 4, 2021
Takeaway: JLL Hotels & Hospitality represented the seller. It was sold to a private buyer.