This roundup features the latest hotel transactions in the U.S. hotel industry.
Hutton Hotel
Rooms: 250
Location: Nashville, Tennessee
Price: N/A
Price Per Room: N/A
Buyer: The Georgetown Company
Seller: N/A
Date of Transaction: Jan. 20, 2022
Takeaway: This all-cash purchase is the first through the $1 billion hospitality investment platform launched in 2021 in partnership with hotel management company First Hospitality.
Kona Bay Hotel
Rooms: 122
Location: Kailua-Kona, Hawaii
Price, Including Debt: $21 million
Price Per Room: $172,131
Buyer: Shapery Enterprises
Seller: Kimi Family
Date of Transaction: Jan. 19, 2022
Takeaway: JLL marketed the property on behalf of the Kimi Family.
Hyatt Centric Wall Street New York
Rooms: 253
Location: New York
Price, Including Debt: $85 million
Price Per Room: $334,704
Buyer: Navika Group of Companies and Blue Sky Hospitality Solutions Management Company
Seller: N/A
Date of Transaction: Jan. 18, 2022
Takeaway: The hotel previously was known as the Andaz Wall Street and rebranded to the Hyatt Centric Wall Street New York.
The Press Hotel, Autograph Collection
Rooms: 110
Location: Portland, Maine
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: KHP Capital Partners
Seller: Fathom Companies
Date of Transaction: Jan. 12, 2022
Takeaway: JLL marketed the property on behalf of Fathom Companies.
The Whitney Hotel
Rooms: 117
Location: New Orleans, Louisiana
Price, Including Debt: N/A
Price Per Room: N/A
Buyer: Angevin & Co. and GBX Group
Seller: Joe Jaeger
Date of Transaction: Jan. 10, 2022
Takeaway: The buyers specialize in preserving and operating historic real estate in urban markets.
Moxy Denver Cherry Creek
Rooms: 170
Location: Denver, Colorado
Price, Including Debt: $51.3 million
Price Per Room: $301,000
Buyer: RLJ Lodging Trust
Seller: BMC Investments
Date of Transaction: Jan. 10, 2022
Takeaway: The hotel opened in late 2017.
DoubleTree Hotel Metropolitan New York City
Rooms: 764
Location: New York City
Price, Including Debt: $169 million
Price Per Room: $221,204
Buyer: Hawkins Way Capital
Seller: RLJ
Date of Transaction: Jan. 10, 2022
Takeaway: Following this sale, the company owns two hotels in New York City.
Tranquility Bay Beachfront Resort
Rooms: 103
Location: Marathon, Florida
Price, Including Debt: $63 million
Price Per Room: $611,650
Buyer: DiamondRock Hospitality Company
Seller: N/A
Date of Transaction: Jan. 6, 2022
Takeaway: The property is a beachfront resort with 1,000 linear feet of shoreline.
Henderson Beach Resort
Rooms: 170; 103
Location: Destin, Florida
Price, Including Debt: $112.5 million
Price Per Room: $661.7 million
Buyer: DiamodRock Hospitality Company
Seller: N/A
Date of Transaction: Dec. 23, 2021
Takeaway: The Henderson Beach Resort is next to the oceanfront Henderson Park Inn, which DiamondRock purchased earlier in 2021.