360-degree Hotel Group

Seattle-based Northgate Hotels changed its name to 360-degree Hotel Group. The Damji family-owned company operates two properties in Washington: a Best Western in Everett and a Hampton Inn & Suites in Lynwood.

Beverly Hilton Hotel

Oasis West Realty secured a $300-million loan from Column Financial to refinance the Beverly Hilton Hotel in Beverly Hills, CA. Sonnenblick Goldman advised the firm on the transaction. Oasis bought the 569-room property in 2003 and spent $80 million to renovate and reposition it.

Embassy Suites Boston

Eagle Hospitality Properties Trust acquired the Embassy Suites Boston at Logan Airport for $53.4 million. Prism Hotels & Resorts manages the 273-unit property.

Innkeepers USA Trust

The RJR Urban Lodging Fund agreed to sell four Southern California properties to Innkeepers USA Trust for $215 million. The portfolio includes Residence Inns in San Diego's Mission Valley and in Anaheim, a Hilton Suites in Anaheim and a Hilton in Ontario. Innkeepers Hospitality Management will operate the properties.

Jameson Inns

A joint venture between JER Partners and Longhouse Hospitality acquired the outstanding shares of Jameson Inns for $372 million. The merged Jameson and Longhouse company operates five brands: Jameson Inns, Signature Inns, Crestwood Suites, Sun Suites and Lodge America.

LaBreeze Inn & Suites

Ocean Waters acquired the 42-room LaBreeze Inn & Suites in Ormond Beach, FL. The acquisition is part of Ocean Waters' master plan to redevelop Ormond Beach. LaBreeze will continue to operate as a hotel, but long-term it will be replaced with a condo-hotel property.

Pointe South Mountain Resort

An affiliate of Grossman Company Properties purchased the Pointe South Mountain Resort in Phoenix from MONY Life Insurance Co. Classic Hotels and Resorts, another Grossman affiliate, manages the 640-unit property. The new owner plans to spend $50 million on renovations.

Sheraton Rockville

Starwood Hotels & Resorts sold the Sheraton Rockville (MD) to Innkeepers USA Trust for $23.3 million. The 155-room property is under construction and will open in October. Innkeepers Hospitality Management will operate the hotel.

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. The listings include property descriptions, locations, selling prices and a contact for more information. Go to

Reprints and Licensing
© 2014 Penton Media Inc.

Acceptable Use Policy
blog comments powered by Disqus

Most Recent

More Recent Articles

Career Center

Quick Job Search
Enter Keyword(s):
Enter a City:

Select a State:

Select a Category:
Franchise Fact File Top Brands
Brand Company Basics Top Management Companies
Owners & Operators Industry Consultants
Industry Associations Industry Events
Design Firms Purchasing Companies
Top Ownership Groups

Click here to view all of the Lodging Hospitality Photo Galleries

Accor Best Western
Carlson Rezidor Choice
Hilton Hyatt
IHG La Quinta
Marriott Starwood
Vantage Wyndham

Free Product Information
News and Trends for the Hotel, Motel, and Hospitality Markets.

Lodging Hospitality eReport
Lodging Hospitality electronic newsletters are FREE to requested subscribers.

Lodging Hospitality Resource Center
The Lodging Hospitality Resource Center is the ultimate resource to find products and services to build, equip, and renovate hotels, motels and resorts.

Subscribe / Renew
Visit our subscription center to subscribe or renew your subscription to Lodging Hospitality.

Visit our webinars page to view all our upcoming and on demand webinars.

Visit our White Papers page to view all our current White Papers.