TRANSACTIONS

Coastal Hotel Group

Led by President & CEO Yogi Hutsen, the senior management team of Coastal Hotel Group purchased the company from owners Don Simplot and Doug Toms. The Seattle-based firm operates seven hotels and has five development deals in the pipeline.

Colesville Partners

Backed by its primary sponsor, Sunburst Hospitality Corp., Colesville Partners formed a real estate investment fund with an acquisition capacity of $1 billion. The fund will buy a variety of individual real estate assets on the East Coast, including hotels and motels, in sizes from $5 million to $200 million.

Comfort Inn Phoenix

Kanini Hospitality sold a Comfort Inn in Phoenix to Arpi Investments for an undisclosed amount. Amber Hotel Co. represented both sides in the transaction.

Hilton Burbank Airport

Strategic Hotels & Resorts sold the 488-room Hilton Burbank (CA) Airport to Pyramid Hotel Opportunity Venture II for $125 million.

Homewood Suites Maryland Heights

Columbus, OH-based RockBridge Capital provided a $10.5-million first mortgage loan to Equs Hospitality Management to develop a 104-unit Homewood Suites by Hilton in Maryland Heights, MO.

Sheraton Colony Square

Anglo Irish Bank provided $71.4 million in financing to a partnership between Noble Investment Group and AEW Capital Management to purchase and renovate the Sheraton Colony Square in Atlanta. The property will reopen in late 2007 as a W Hotel.

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 www.LHonline.com/realestate/

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:



http://lhonline.com/images/bulk_tv_logo.jpg
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  


http://lhonline.com/images/bulk_tv_logo.jpg

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.

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

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