hotel acquisition
JV Between King Street Real Estate, Westdale and Cedar Capital Purchase Shelborne South Beach Hotel for $120 Million
King Street | February 4, 2020
NEW YORK & TORONTO & LONDON -- A joint venture between King Street Real Estate GP, L.L.C (“King Street Real Estate”), Westdale Properties (“Westdale”) and Cedar Capital Partners (“Cedar Capital”) today announced the acquisition of the Shelborne South Beach Hotel in Miami Beach, Florida for $120 million. The landmark 275-room hotel is located in the heart of Miami Beach’s famous art deco district. Opened in 1941, the Shelborne was originally designed by Igor Polevitzky and later updated and expanded by Morris Lapidus, the architect responsible for some of Miami’s most glamorous hotels. David Walch, Partner of King...
Olympia Hotel Management to Operate the Best Western University Inn in Canton, NY
St. Lawrence University | February 3, 2020
February 3, 2020. Portland, Maine. Olympia Hotel Management (OHM) is proud to announce the addition of the Best Western University Inn to their third-party portfolio. Located adjacent to and owned by St. Lawrence University in Canton, New York, the hotel adjoins The Oliver D. Appleton Golf Course at St. Lawrence University, which OHM will also manage. “It is an honor to add this prestigious affiliation to our growing campus hospitality portfolio and to become part of the university community,” said Sara Masterson, President, Hotel Management, for Olympia Hotel Management. OHM currently manages such campus properties as The Alfond Inn a...
Hawkins Way Capital Acquires Copley Square Hotel in Boston’s Back Bay Neighborhood
Hawkins Way Capital | November 6, 2019
Beverly Hills, CA - November 6, 2019 – Real estate investment firm Hawkins Way Capital today announced the acquisition of Copley Square Hotel, a historic 143-room property that has the distinction of being the first hotel to open in Boston’s Back Bay area in 1891. “The prime Boston real estate market is difficult to break into competitively, so we are very pleased to be able to complete our third property acquisition in another coveted location with substantial value-added opportunity,” said Ross Walker, Co-Founder and Managing Partner, Hawkins Way Capital. Hawkins Way Capital plans to update and reconfigure the guest rooms and ...
AJ Capital Partners Expands Internationally With Acquisition of DoubleTree by Hilton Hotel Cambridge City Centre in England
AJ Capital Partners | July 24, 2019
Cambridge, England - Adventurous Journeys (AJ) Capital Partners announced today that it has acquired the DoubleTree by Hilton Hotel Cambridge City Centre in Cambridge, England. This marks the first Graduate Hotels® property to debut outside of the United States. The hotel will continue to operate as DoubleTree by Hilton until the end of the year. Renovations will begin in early 2020, and the 148-key hotel will debut as Graduate Cambridge, part of the Graduate Hotels collection, in summer 2020. Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynam...
Waramaug Acquires 279-Key Embassy Suites by Hilton Dallas, Texas
Waramaug Hospitality | July 24, 2019
July 24, 2019, Boca Raton, FL — Waramaug Hospitality, a private investment group focused on acquiring legacy branded assets throughout the United States, announced today the acquisition of the Embassy Suites by Hilton Dallas Park Central Area located in Dallas, Texas. The 279-suite hotel features spacious two-room suites with separate living and sleeping areas, free Wi-Fi, fitness and business center, indoor pool along with complimentary breakfast and nightly manager’s receptions. With approximately 7,800 square feet of flexible meeting space, the property is perfectly positioned to host corporate and social events. Its 4,300 Metroplex...
Helix Hospitality Acquires Two Columbus, Ohio Marriott Hotels
Helix Hospitality | July 17, 2019
July 17, 2019 (CHICAGO, IL) - Helix Hospitality, a Chicago-based hotel group with properties throughout the United States, is pleased to announce the acquisition of two properties in Columbus, Ohio: SpringHill Suites, an 80-suite hotel, located at 665 Taylor Road TownePlace Suites, a 94-suite hotel, located at 695 Taylor Road These mark the tenth and eleventh properties in the Helix Hospitality portfolio and the first two in the state of Ohio. Both properties are located near the John Glenn Columbus International Airport and offer complimentary breakfast, free Wi-Fi, and accessible fitness centers. Built in 1998, the pro...
Crescent Hotels & Resorts Adds Mayfair at Coconut Grove to Crescent’s Latitudes Collection
Crescent Hotels & Resorts | July 9, 2019
Miami, FL (July 9, 2019) – The renowned Mayfair Hotel at Coconut Grove will join Crescent Hotels & Resorts “Latitudes” collection of lifestyle resorts. Crescent & Latitudes, based in Fairfax, Virginia is a nationally recognized operator of major hotels and resorts throughout the United States and Canada. With Panoramic Views of Miami's Biscayne Bay, the Mayfair hotel is located in Miami’s most elegant enclave at Coconut Grove surrounded by Biscayne Bay, shopping at Coco Walk and other trendy boutiques, the Vizcaya Museum and Gardens, theaters and parks. The boutique hotel blends architectural and design elements to create a...
Commonwealth Hotels Adds Courtyard by Marriott Columbus-Dublin to Management Portfolio
Commonwealth Hotels, LLC | July 3, 2019
COVINGTON, Ky., July 3, 2019 -- Commonwealth Hotels added the Courtyard Columbus-Dublin to their portfolio, effective June 14, 2019. This brings the hotel management company's nationwide portfolio to 48 properties with over 5,500 rooms. "We are thrilled to add another Courtyard to the portfolio while entering the Columbus market," said Brian Fry, President of Commonwealth Hotels. "The on-property associates have been incredibly receptive to their new management – we are looking forward to supporting them as they continue to deliver world class service with midwestern charm." The property is located within five miles of the Muirfield V...
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