This roundup features the latest hotel transactions in the U.S. hotel industry.
Rooms: 252
Location: New Orleans
Price, including debt: $47 million
Price per room: $187,000
Buyer: N/A
Seller: Sunstone Hotel Investors
Date of transaction: June 9, 2025
Takeaway: According to CoStar data, Sunstone acquired the property in 2013 for $59.4 million.
Rooms: 111
Location: Nashville, Tennessee
Price, including debt: $16 million
Price per room: $144,144
Buyer: Image Hotels
Seller: Tara Investments
Date of transaction: May 23, 2025
Takeaway: The transaction was facilitated by Mayank Patel, senior vice president at Hunter Hotel Advisors.
Rooms: 950
Location: Phoenix
Price, including debt: $865 million
Price per room: $910,526
Buyer: Ryman Hospitality Properties
Seller: Trinity Investments
Date of transaction: May 20, 2025
Takeaway: Trinity bought the 950-room hotel from Blackstone in 2019 for $602 million and invested $100 million into a renovation, which was completed in 2023.
Rooms: 165
Location: Chicago
Price, including debt: $19.5 million
Price per room: $118,182
Buyer: Nexgen Hotels
Seller: Jake Kurian
Date of transaction: April 30, 2025
Takeaway: The boutique hotel will rebrand as a Tapestry Collection by Hilton this summer.