This roundup features the latest hotel transactions in the U.S. hotel industry.
Hotel Cerro
Rooms: 65
Location: San Luis Obispo, California
Price, Including Debt: $34.5 million
Price Per Room: $530,769
Buyer: StonePark Capital
Seller: Westpac Investments
Date of Transaction: Feb. 16, 2023
Takeaway: Hotel Cerro will join the Marriott International's Autograph Collection.
Huntington Hotel
Rooms: 134
Location: San Francisco, California
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Highgate and Flynn Holdings
Seller: Woodridge Capital Partners
Date of Transaction: March 17, 2023
Takeaway: The hotel was built in 1924. Highgate and Flynn Properties plan to restore and elevate the hotel. Price of the sale was not disclosed.
Moxy Chattanooga Downtown
Rooms: 108
Location: Chattanooga, Tennessee
Price, Including Debt: $15.5 million
Price Per Room: $143,037
Buyer: DelMonte Hotel Group
Seller: Seaford Investments
Date of Transaction: Feb. 17, 2023
Takeaway: The hotel is located in Chattanooga's Southside neighborhood.