Best Western Fort Myers Island Gateway
Boykin Lodging Co. sold its Best Western Fort Myers (FL) Island Gateway Hotel to an undisclosed party for $11.225 million.
Private equity firm KSL Capital Partners bought resort and private club operator ClubCorp. The sale includes 170 clubs and three resorts, including The Homestead in Hot Springs, VA. The transaction will close by year-end, following ClubCorp's sale of Pinehurst Resort to the Dedman family.
Equity Inns, Inc.
Memphis-based REIT Equity Inns bought four Kentucky hotels from Musselman Hotels for $53.8 million. The properties total 429 rooms and include two Courtyard by Marriotts, a Residence Inn and a SpringHill Suites, all in the Lexington area.
Neptune Hospitality Advisors arranged $103 million in senior refinancing for Mexican hotel company Grupo Costamex for recapitalization of a six-property resort portfolio. The lineup of hotels includes the Hyatt Cancun Caribe and additional properties in Cancun, Cozumel, Acapulco, Los Cabos and Ixtapa.
Holiday Inn Wall Street
LaSalle Hotel Properties purchased the 138-room Holiday Inn Wall Street in New York City for $51.5 million.
Innkeepers USA Trust
RLJ Urban Lodging Fund sold four hotels in southern California to Innkeepers USA Trust for $215 million. The portfolio includes two Residence Inns, a Hilton Suites and a Hilton Hotel.
W Union Square
Istithmar, a Dubai-based investment firm, purchased the W Hotel Union Square in New York City for $285 million. A subsidiary, Istithmar Hotels, will asset manage the 270-room property.
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 www.LHonline.com/realestate/
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