Maya Hotels Acquires Two Hampton Inn Hotels in the Carolinas
Maya Hotels | March 6, 2023
Charlotte, NC – March 6, 2023 – Charlotte-based Maya Hotels is pleased to announce its acquisition of two Hampton Inn-branded hotels in the Carolinas. The two Hampton Inns, Hampton Inn & Suites Charlotte-Arrowood Rd., North Carolina and Hampton Inn Columbia Northeast-Fort Jackson, South Carolina, boast a total of 210 guest rooms. This transaction marks Maya Hotels’ second and third acquisitions over the last six months. The company also acquired the Avid Hotel Fort Mill, SC in the second half of 2022. The hotels will be renovated and managed by Maya Hotels. “We are excited to acquire these two top-branded assets at a discount ...
Beverly Hills-Based Hawkins Way Capital Buys 655-Room Hotel in Midtown, Manhattan
Hawkins Way Capital | January 31, 2023
NEW YORK, Jan. 31, 2023-- Hawkins Way Capital, in a joint venture with Värde Partners, has acquired 525 Lexington Avenue in Midtown, Manhattan, comprising a 655-room, 406,261 square foot tower across 35 stories. A designated landmark building, the 1924-built property previously operated as a Marriott International branded hotel focused on corporate and business travel before closing at the onset of the Covid-19 Pandemic. "525 Lexington represents a compelling opportunity to increase our footprint in the heart of Manhattan at a favorable basis. We believe the property will benefit from an injection of fresh equity ...
The St. Joe Company Acquires The Pearl Hotel in Rosemary Beach
The St. Joe Company | December 22, 2022
PANAMA CITY BEACH, Fla.--The St. Joe Company (NYSE: JOE) (“St. Joe”) announces that it recently closed on three strategic real estate transactions and provides an update on projects that are scheduled to open in 2023. In early December, The St. Joe Company closed on the purchase of The Pearl Hotel in Rosemary Beach®, a luxury 55-room hotel in Northwest Florida’s highly sought-after Scenic Highway 30A corridor. Since 2014, The St. Joe Company has managed the hotel’s day-to-day operations. The Pearl Hotel, which has been named one of Travel + Leisure’s World’s Best Hotels, features an on-site restaurant and spa as well as a stre...
Kirkwood Collection Acquires Centrella Hotel in the Heart of Pacific Grove
Kirkwood Collection | December 21, 2022
DECEMBER 21, 2022 - Kirkwood Collection, a leader in the luxury boutique hotel space, announces the recent acquisition of Centrella Hotel in Pacific Grove, expanding its portfolio to seven properties. This is the second property Kirkwood Collection has acquired in Monterey Bay; in 2021, the Victorian oceanfront property Seven Gables Inn joined the Kirkwood portfolio. Both properties were built in the 1880s and are located only a short walk from the beautiful Pacific Coast. “Kirkwood Collection is thrilled to welcome Centrella Hotel, a National Historic Landmark, into our family of luxury historic properties. Rich with history, we plan to h...
Paramount Lodging Advisors Successfully Transacts Hotel Felix Downtown Chicago NPL
Paramount Lodging Advisors | November 17, 2022
Paramount Lodging Advisors (PLA) has completed the sale of the Hotel Felix Downtown Chicago NPL. The PLA team representing seller was led by Bennett Webster, Brent Clemens, Mike Schlictman, and Andrew Makhlouf. The sale allowed the lender to unwind their existing interest on the $47MM non-performing loan. “Contrary to recent headlines, Chicago is open for business, and we believe remains grossly undervalued. Our team is bullish on the ongoing recovery for the city and underlying demand,” stated Schlictman. Makhlouf added, “We were very pleased with the market turnout for the auction and to have successfully monetized this po...
NewcrestImage Sells AC Hotel by Marriott in Phoenix, Acquires Sinclair Hotel in Fort Worth
NewcrestImage | September 7, 2021
NewcrestImage has concluded two major hotel transactions -- a sale and an acquisition. The Dallas-based company sold its 199-room, 13-floor AC Hotel at Arizona Center in downtown Phoenix to Arbor Lodging Properties, a Chicago-based hotel investment and management firm. The hotel opened in February of this year as a joint venture with Las Vegas-based LaPour Properties and Atlanta-based Peachtree Hotel Group. In a separate transaction, NewcrestImage acquired the historic 164-room, 17-floor Sinclair Hotel in downtown Fort Worth, which is a luxury property in Marriott’s Autograph Collection. The hotel’s features include a fine dinin...
H.I.G. Capital Acquires Landmark Resort Hotel in Norway
H.I.G. Capital | March 30, 2021
LONDON - March 30, 2021 - H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with over €36 billion of equity capital under management, announced today that an affiliate has recently completed an investment in Hotel Ullensvang, a 170-key upscale waterside resort located in Norway’s Hardangerfjord. An institution in the Norwegian hotel market, the resort is set in stunning landscape surroundings with views of the fjord and Folgefonna glacier. Terms were not disclosed. Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “Hotel Ullensvang is an excellent addition to our ex...
Crescent Hotels & Resorts Adds DoubleTree by Hilton Bloomfield Hills Detroit
Crescent Hotels & Resorts | March 25, 2021
Detroit, MI – March 25, 2021 – Crescent Hotels & Resorts has added the DoubleTree by Hilton Bloomfield Hills Detroit to its award-winning suite of major hotels and resorts. The hotel, formerly known as the Kingsley Inn, underwent a stunning renovation and reopened under its new brand in 2018. Now, its elegant atmosphere will be further enhanced with the Crescent stamp of luxury. Crescent, based in Fairfax, Virginia operates more than 100 hotels and resorts in the United States and Canada. Part of the landmark hotel’s upgrade includes a two-story expansive atrium lobby, featuring sweeping natural light. The space lends itself well...
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