{"id":1004120857,"date":"2015-06-09T06:09:39","date_gmt":"2015-06-09T14:09:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004120857"},"modified":"2022-12-04T19:25:44","modified_gmt":"2022-12-05T03:25:44","slug":"arc-hospitality-binge-buying","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/arc-hospitality-binge-buying\/","title":{"rendered":"ARC Hospitality Binge Buying?"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004120718\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Mehlman_Jonathan.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004120718\" data-attachment-id=\"1004120718\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/arc-hospitality-makes-a-deal-with-wheelock\/mehlman_jonathan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Mehlman_Jonathan.png\" data-orig-size=\"350,234\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mehlman_Jonathan\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jonathan Mehlman&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Mehlman_Jonathan.png?w=350\" loading=\"lazy\" class=\"size-thumbnail wp-image-1004120718\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Mehlman_Jonathan.png\" alt=\"Jonathan Mehlman\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004120718\" class=\"wp-caption-text\">Jonathan Mehlman, ARC Hospitality<\/p><\/div>\n<p>For the second time in less than a week, American Realty Capital Hospitality Trust Inc. reveals that it has entered into an agreement to acquire a large hotel portfolio. This time around, the REIT has committed to purchasing a group of 26 premium-branded lodging destinations from Summit Hotel Properties Inc. for $351.4 million.<\/p>\n<p>News of the Summit deal comes just days after ARC Hospitality announced that it had signed on to <u><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southeast\/arc-hospitality-makes-a-deal-with-wheelock\/1004120715.html\" target=\"_blank\" rel=\"noopener\">acquire a five-property, 565-room hotel collection<\/a><\/u> from affiliates of Wheelock Real Estate Fund L.P. for $92.5 million. Not only was ARC Hospitality able to secure back-to-back deals, it was also able to do it off market&#8211;and it had little to do with luck.<\/p>\n<p>\u201cOver the past 20-plus years, the ARC Hospitality senior management team has\u00a0developed broad and deep relationships across the public and private hotel industry,\u00a0including global and domestic brands in the select service sector, as well as private\u00a0equity investors,\u201d Jonathan Mehlman, CEO of ARC Hospitality, told <em>Commercial Property Executive<\/em>. \u201cThese relationships, coupled with our significant and proven\u00a0fundraising capabilities, have positioned us as one of the major hotel owners in the\u00a0industry.\u201d<\/p>\n<p>The Summit Portfolio, nearly five times the size of the Wheelock Portfolio, will give the REIT quite a boost in size with 2,793 rooms spanning 11 states. The upscale and upper midscale hotels&#8211;all but one being either select-service or extended-stay&#8211;operate under various flags of the Marriott International, Hilton Hotels &amp; Resorts, Hyatt Hotels and InterContinental Hotels Group brands.<\/p>\n<p>ARC Hospitality plans to obtain debt financing for the Summit Portfolio acquisition, and if all goes as planned, the transaction will close in three separate tranches beginning in September 2015 and wrapping up in January 2016.<\/p>\n<p>Thus far, 2015 has been quite momentous for ARC Hospitality, which made its very first purchases in March 2014. In February, the REIT completed the $1.8 billion acquisition of the 116-property, 13,744-room Equity Inns Lodging Portfolio from Whitehall Real Estate Funds, a move that put the company on the map as one of the largest select-service hotel REITs in North America. And the year is only half over.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the second time in less than a week, American Realty Capital Hospitality Trust is making a big deal.<\/p>\n","protected":false},"author":969,"featured_media":1004120718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,21742],"tags":[],"class_list":["post-1004120857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ARC Hospitality Binge Buying? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/arc-hospitality-binge-buying\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARC Hospitality Binge Buying?\" \/>\n<meta property=\"og:description\" content=\"For the second time in less than a week, American Realty Capital Hospitality Trust is making a big deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/arc-hospitality-binge-buying\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-09T14:09:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T03:25:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Mehlman_Jonathan.png\" \/>\n\t<meta property=\"og:image:width\" content=\"350\" \/>\n\t<meta property=\"og:image:height\" content=\"234\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-hospitality-binge-buying\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-hospitality-binge-buying\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"ARC Hospitality Binge Buying?\",\"datePublished\":\"2015-06-09T14:09:39+00:00\",\"dateModified\":\"2022-12-05T03:25:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-hospitality-binge-buying\\\/\"},\"wordCount\":367,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-hospitality-binge-buying\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/Mehlman_Jonathan.png\",\"articleSection\":[\"Hotel\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-hospitality-binge-buying\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-hospitality-binge-buying\\\/\",\"name\":\"ARC Hospitality Binge Buying? 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