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US Hotel Deals: Sunstone Acquires $265 Million Montage Healdsburg

Additional Sales Include The Waynesville Inn Golf Resort & Spa; Allegria Hotel; and More
Hospitality management, development and investment group Raines acquired The Waynesville Inn Golf Resort & Spa in April. The property will undergo a renovation this summer. (Raines)
Hospitality management, development and investment group Raines acquired The Waynesville Inn Golf Resort & Spa in April. The property will undergo a renovation this summer. (Raines)
Hotel News Now
May 11, 2021 | 12:00 P.M.

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.

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