This roundup features the latest hotel transactions in the U.S. hotel industry.
Rooms: 202
Location: Las Vegas, Nevada
Price, Including Debt: $24.6 million
Price Per Room: $121,762
Buyer: Greens Development
Seller: Hospitality Investors Trust
Date of Transaction: June 25
Takeaway: The property was last renovated in 2016.
Rooms: 193
Location: Arlington, Virginia
Price, Including Debt: $35.972 million
Price Per Room: $186,383
Buyer: Highline Hospitality Partners
Date of Transaction: July 30
Takeaway: The property was built in 2022. It's is Highline's 12th property and first in the Washington, D.C. metro area.
Rooms: 110
Location: Denver, Colorado
Price, Including Debt: $35.5 million
Price Per Room: $322,727
Buyer: RLJ Lodging Trust
Date of Transaction: Aug. 1
Takeaway: The property is a historic reuse of the Denver Tramway Company. It will be managed by Sage Hospitality Group.
Rooms: 182
Location: Washington, D.C.
Price, Including Debt: $40.8 million
Price Per Room: $224,175
Buyer: Frontier Development & Hospitality Group LLC and Basis Investment Group
Date of Transaction: Aug. 1
Takeaway: The company will convert to a Hyatt House property in 2025.