Ashford Hospitality Trust

Dallas-based Ashford paid $465 million in cash for a portfolio of 30 select-service Marriott branded and managed hotels. The group includes seven TownePlace Suites, 13 Residence Inns, six Courtyards by Marriott and four SpringHill Suites.

CNL Hotels & Resorts

Pyramid Hotel Opportunity Venture will purchase five hotels from CNL for $109 million, or $113,424 per room. The portfolio includes the Doubletree Hotel San Diego/Del Mar; Hotel Rex, San Francisco; Hilton San Francisco Fisherman's Wharf; Beverly Heritage, Milpitas, CA; and a Holiday Inn in Columbia, SC.

Fairmont Chicago

Strategic Hotel Capital paid about $155 million, or $224,000 per room for the 692-room Fairmont Chicago. Seller was an affiliate of The Swig Co.

Four Seasons Toronto

A company owned by Saudi Prince Alwaleed and his family purchased the 380-room Four Seasons Hotel Toronto from Maritz, Wolf & Co. Sonnenblick-Goldman Co. advised Maritz, Wolf on the transaction.

Hampton Inn Hilton Head

Winston Hotels, Inc. sold its 125-room Hampton Inn in Hilton Head, SC for $4.4 million in cash. The buyer was not identified.

Hilton Charlotte Center City

San Francisco-based Stanford Hotels Corp. purchased the 400-room Hilton Charlotte Center City for $56 million. Stanford plans to spend an additional $10 million to renovate the property.


Atlanta-based Lodgian, Inc. recently sold two hotels for a combined $17.8 million to two undisclosed buyers. The properties are the 397-room Holiday Inn Select in Niagara Falls, NY and the 390-room Holiday Inn St. Louis Airport.

The Pierre

Taj Hotels Resorts and Palaces has succeeded Four Seasons as lessee and operator of the legendary Pierre Hotel in New York City. The 77-year-old property, which includes 201 hotel rooms and 80 residential apartments, also became a member of The Leading Hotels of the World.

Raffles Holdings

Colony Capital paid about $1 billion for the hotel interests of Raffles Holdings Limited. The deal includes 15 Raffles Hotels & Resorts and 26 Swissotel Hotels & Resorts in 35 destinations. Colony says it will keep the current flags and look for opportunities to selectively grow the brands through franchising.

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