TRANSACTIONS

Four Seasons Aviara

Broadreach Capital Partners acquired majority ownership of the Four Seasons Resort Aviara in Carlsbad, CA from Aviara Resort Associates. This is a recapitalization of the ownership structure with Maritz, Wolff & Co. remaining an active stakeholder. The luxury resort is the first significant hotel acquisition by Broadreach since May 2006, when it closed on a real estate investment fund of $700 million.

Four Seasons Hotels

Microsoft's Bill Gates and Saudi Prince Alwaleed Bin Talal agreed to take Four Seasons Hotels private in a $3.8-billion deal based on a $82-per-share stock value. Following completion of the transaction, Four Seasons would be owned by affiliates of Cascade Investment, an entity uniting Gates, a trust for the prince and his family, and Isadore Sharp, Four Seasons founder and CEO.

Hampton Inn Buckhannon

Mayfair Hotels acquired the Hampton Inn of Buckhannon, WV from a Mid-Atlantic hospitality owner/operator for $3.875 million. The sale by FDGJR Buckhannon WV Hospitality was structured by The Mumford Company.

Quality Inn Ocean City

Sunburst Hospitality bought the beachfront Quality Inn Hotel & Resort in Ocean City, MD for $18 million, signaling Sunburst's intent to acquire more Mid-Atlantic resort properties.

Shores Resort & Spa

Noble House Hotels & Resorts sold the 212-room luxury ocean-front Shores Resort & Spa in Daytona Beach Shores, FL for $39.8 million to Lowe Enterprises Investors. Destination Hotels & Resorts will assume management of the 11-story property.

Travaglini Enterprises

The Quality Inn & Suites and Super 8 hotels of Erie, PA have been sold to Travaglini Enterprises for $5.92 million in a deal facilitated by The Mumford Company on behalf of Aanand Hotels of America.

Your Online Hotel Real Estate Resource

Whether you're buying or selling lodging real estate, the new Online Real Estate Today website from Lodging Hospitality is the place to go. The site has extensive listings of properties for sale across the U.S. and North America.

Go to www.LHonline.com/realestate/

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