This roundup features the latest hotel transactions in the U.S. hotel industry.
Rooms: 100
Location: Park City, Utah
Buyer: Peachtree Group
Date of transaction: Sept. 19
Takeaway: This marks Peachtree's sixth acquisition of the year, totaling 789 rooms.
Rooms: 117
Location: Norfolk, Virginia
Buyer: A regional owner and operator represented by Hunter Hotel Advisors
Seller: An institutional seller
Date of transaction: August 27, 2024
Takeaway: The property is adjacent to the Naval Station Norfolk.
Rooms: 286
Location: Clearwater Beach, Florida
Price, including debt: $137 million
Price per room: $479,021
Buyer: Blackstone
Seller: Westmont Hospitality Group
Date of transaction: August 29, 2024
Takeaway: The property was renovated in 2018.