Hotel
DiamondRock Grows Western Hotel Portfolio
The 242-key hotel first opened its doors in 2012, and is situated in downtown Phoenix, within the 1.2 million-square-foot CityScape mixed-use high-rise.
German Investor to Buy $120M DC Hotel
Union Investment GmbH has inked an agreement to acquire Thompson D.C., a 225-key project in the Navy Yards district, from a joint venture involving Geolo Capital and JW Capital Partners. The purchase will increase the company’s growing U.S. lodging portfolio to five properties.
JV Buys 199-Key Hotel in Downtown DC
The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.
DiamondRock Adds to Hotel Portfolio
The company purchased The Landing Resort & Spa, a 77-key luxury resort in Lake Tahoe, Calif., for $42 million.
Park Hotels & Resorts Sells Off $317M in Non-Core Assets
The publicly traded lodging REIT—a spinoff of Hilton Worldwide—divested 11 properties, mostly overseas, significantly reducing its exposure in international markets.
Fort Lauderdale Sheraton Sells, Gets New Management
Everwood Hospitality Partners acquired the 263-key hotel which features more than 10,000 square feet of meeting rooms and event space.
Hunter Hotel Advisors Arranges Sale of Charleston Hotel
Situated in the heart of the tech-driven Summerville submarket, Home2 Suites is 93-key hotel featuring studio and one-bedroom units.
HFF Arranges $39M Loan for Chicago Hotel
The company represented the borrower, an affiliate of Arbor Lodging Partners, for the acquisition of a 398-key hotel in the Schaumburg suburb of Chicago.
Hyatt Hotels Appoints CCO
Mark Vondrasek joined the company in September 2017 as executive vice president, having previously served Starwood for almost 15 years.
Choice Hotels Brings Cambria to Southwest DC
Located in the Buzzard Point neighborhood of Washington, D.C., Cambria Hotel Southwest D.C. will features 154 keys and is slated for completion in 2020.