Marriott
Residence Inn by Marriott Opens in Miami
The 19-story property is situated in the heart of Sunny Isles Beach, one of the top ten destinations in the U.S. The hotel is close to Miami International Airport and Fort Lauderdale-Hollywood International Airport.
Lingerfelt Acquires Norfolk Waterside Marriott
The company purchased the 405-key hotel and plans on implementing a $25 million renovation program. CommonWealth Lodging Management, Lingerfelt’s hotel management affiliate, will operate the hotel.
Summit to Buy Four Hotels for $164M
The company expects to spend approximately $7 million to $9 million in capital improvements over the next two years. This off-market transaction will bring Summit’s year-to-date acquisition activity to nearly $600 million.
Chesapeake Lodging Trust to Sell $46M Minneapolis Hotel
The Hotel Minneapolisis situated in the heart of Minneapolis, offering convenient access to sports venues, cultural amenities and many corporate headquarters. The trust first purchased the asset back in 2012.
Marriott’s Moxy Debuts in Japan
American Hotel Management, a wholly owned subsidiary of developer Pacifica Capital, will be in charge of operating the 205-key property.
Plano, Texas Marriott Legacy Commands $104M
Ashford Hospitality Prime dispensed the 404-key hotel, completing a reverse 1031 exchange that the company initiated to acquire the Hotel Yountville in California earlier this year.
AC Hotel Opens in Downtown Cincinnati
Eagle Realty and Winegardner & Hammons Hotel Group developed the 171-key property. The asset is part of The Banks, a mixed-use project near Great American Ball Park.
Apple Hospitality Acquires Two Marriot Hotels
Purchased for $81 million, both Residence Inn assets feature a total of 315 keys. The transaction brings the company’s portfolio to 238 hotels, with more than 30,000 keys.
Hunter Hotels Brokers Sale of AR Hotels
The company facilitated the sale of the 78-key TownePlace Suites by Marriott and the 130-key Candlewood Suites Rogers in Bentonville. Investra Capital Inc. purchased the two assets.
CBRE Arranges Sale of Caribbean Resorts
DLJ Real Estate Capital Partners sold the assets to Wind Creek Hospitality, the principal gaming and hospitality enterprise of the Poarch Band of Creek Indians, Alabama’s only federally recognized tribal entity.