Hotel
Sunstone to Acquire 544-Key Maui Resort for $326M
Sunstone Hotel Investors has entered into a definitive agreement to acquire the 544-key Wailea Beach Marriott Resort & Spa for $326 million, or $598,600 per key, from an affiliate of Blackstone Real Estate Partners IV.
Zephyr Partners Plans $250M High-Rise Development on Full Block in Downtown San Diego
Zephyr Partners is planning a $250 million mixed-use development in one of the last remaining full blocks of available property in the city’s downtown.
Patrinely Group, CDC Houston and USAA Real Estate Team on 60-Acre Houston Mixed-Use
CityPlace will integrate more than four million square feet of Class A office space located above ground floor retail, luxury multi-family and a full-service hotel.
LaSalle Hotel Properties Wraps $93M Sale of Hilton Alexandria Old Town
The Bethesda-based REIT, which announced the sale earlier this month, acquired the 246-key hotel in 2004 for $59 million.
Carey Watermark Purchases Boca Raton Marriott at Boca Center
Carey Watermark Investors has acquired the Boca Raton Marriott at Boca Center in Boca Raton, Fla., the 256-room hotel from HEI Hotels & Resorts, and both parties are remaining mum on the price tag.
Chatham Lodging Closes $1.3B JV Hotel Portfolio Purchase
Chatham Lodging Trust, in a new joint venture with NorthStar Realty Finance Corp., has completed the two-part, $1.3 billion acquisition of the 51-property former Innkeepers USA Trust hotel portfolio.
Hospitality Ventures Adds 42nd Hotel to Portfolio, Enters Multiple Strategic Partnerships
Hospitality Ventures Management Group has enhanced its portfolio with the addition of three hotels, and it’s laid the groundwork for future growth with two new strategic partnerships.
REITWeek Special Report: Blackstone’s Gray on Where to Find Value
Jonathan Gray, Blackstone’s global head of real estate, dispenses advice on how to find assets that will outperform in today’s real estate cycle at REITWeek in New York City.
Hilton Worldwide Launches New Brand: Curio
Hilton Worldwide broadens its horizons yet again, this time with the announcement of its new brand: Curio.
Port of San Diego Seeks Developer for Convention-Oriented Hotel & Resort
The Port of San Diego will issue a Request for Qualifications, seeking a developer for a new convention destination resort hotel as part of the Chula Vista Bayfront, considered one of the last great waterfront development opportunities in California.