hotel acquisition
Schwartz Family Company Acquires Leura Gardens Resort
Schwartz Family Company | April 24, 2024
Schwartz Family Company has acquired a prized Blue Mountains resort to strengthen its position as the region’s premier leisure and conference provider. Leura Gardens Resort consolidates the Schwartz Family Company presence in the Blue Mountains, joining the award-winning Fairmont Resort Blue Mountains and Leura Golf Club, all within a few minutes' drive of each other. Leura Gardens Resort is the 15th hotel in the Schwartz hotel network and was acquired for $25 million from the Elanor Hotel Accommodation Fund. The recently refurbished Leura Gardens Resort is an expansive 92-room hotel set in four and a half acres of landscaped...
Sonnenblick-Eichner Company Arranges Strategic Joint Venture Equity Investment for Pacific City Lodging Portfolio, Pacific City, Oregon
Sonnenblick-Eichner Company | April 22, 2024
Los Angeles, CA – April 22, 2024 – Sonnenblick-Eichner Company has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging Portfolio, located in Pacific City, Oregon. The Pacific City Lodging Portfolio is an irreplaceable collection of iconic oceanfront resort properties comprised of the Headlands Coastal Lodge & Spa, the Inn at Cape Kiwanda, Hart’s Camp, and the Cape Kiwanda RV Park. Noble House Hotels & Resorts of Kirkland, Washington provided the investment into the partnership. This investment from Noble House allowed the existing ownership an opportunity to realize equit...
Travelodge Acquires 6 Hotels in Spain From Louvre Hotels Group
Travelodge | April 18, 2024
18 April, 2024 – Travelodge, the UK’s first budget hotel brand which operates approximately 600 hotels, today announces that it is acquiring six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group. The hotels are currently branded Hotel Campanile, with five acquired on a freehold basis and one to be acquired on a long leasehold. The hotels are acquired by Spanish subsidiaries held within the Travelodge OpCo Group and are located in Alicante, Barcelona, Madrid, Malaga and Murcia. The acquisition builds on Travelodge’s existing strongly performing six hotel Spanish business, doubling its presence in the Spanish market. ...
Rockbridge and Delmonte Hotel Group Acquire Courtyard in Downtown Providence, Rhode Island
Rockbridge | April 17, 2024
Columbus, OH (APRIL 17, 2024) – Rockbridge and Delmonte Hotel Group announce the acquisition of the 219-room Courtyard Providence Downtown, Rhode Island. DelMonte will manage the property. The Courtyard is positioned in a prime downtown location in the heart of Providence’s Capital, steps away from the Rhode Island Convention Center, historic Union Station Complex, and the headquarters of Citizens Financial Group. Brown University, Johnson and Wales University and Amica Mutual Pavilion are also within walking distance. The hotel will undergo a comprehensive makeover, featuring a full renovation of all guestrooms, extensive upgrades to a...
Sunstone Hotel Investors To Acquire Hyatt Regency San Antonio Riverwalk for $230 Million
Sunstone Hotel Investors | April 11, 2024
ALISO VIEJO, Calif., April 11, 2024 -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the fee-simple interest in the 630-room Hyatt Regency San Antonio Riverwalk (the "Hotel"). The exceptionally well-located Hotel is situated directly between San Antonio's famous Riverwalk and the Alamo, the two most visited tourist sites in Texas. The acquisition includes nearly two acres of riverfront land and a 516-space parking garage, located adjacent to the Alamo Visitor Center and Museum which is currently ...
Certares Acquires the 390-Room Hilton Boston Back Bay for $171 Million
Certares | April 10, 2024
Property acquired in joint venture with Belcourt Capital Partners BOSTON, April 10, 2024 -- Certares, a leading global investment firm focused exclusively on the travel and hospitality industries, today announced its twelfth hotel acquisition. The firm purchased the 390-room Hilton Boston Back Bay, inclusive of a 209-space parking garage, for $171 million. This acquisition was made in partnership with Belcourt Capital Partners ("Belcourt"). Together, Certares and Belcourt have plans to modernize the hotel's facilities through a comprehensive capital expenditure program to enhance the overall guest experience. Located in the heart of ...
Trinity Investments and Partners Group Acquire The Scottsdale Plaza Resort & Villas
Trinity Investments | April 8, 2024
37.4-acre resort in Paradise Valley includes 404 hotel rooms and suites PARADISE VALLEY, Ariz.--A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments (“Trinity”), announced today the acquisition of The Scottsdale Plaza Resort & Villas (the “Resort”), located in Paradise Valley, Arizona. The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa suites, as well as 50,000 square feet of meeting space. The transaction also includes the potential for expansion with entitlements...
Trinity Investments, Funds Managed by Oaktree Capital Management, and Funds Managed by UBS Asset Management Acquire Park Hyatt Zurich
Trinity Investments | April 4, 2024
The acquisition marks Trinity’s entry into Europe and extends relationships among the three firms LONDON--A joint partnership among Trinity Investments (“Trinity”), funds managed by Oaktree Capital Management (“Oaktree”), and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (“UBS AM REPM MM”) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements. The joint partnership purchased the hotel from an affiliate of Hyatt Hotels Corporation, and the hotel will remain branded as Park Hyatt Zurich under a long-term management agreement with...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent