hotel transaction
VICI Properties Inc. Completes Acquisition of Four Properties in Alberta, Canada in Sale-Leaseback Transaction With Century Casinos, Inc.
VICI Properties | September 7, 2023
Expands Partnership with Century Casinos, Inc. by Adding Four Additional Assets to Existing Master Lease NEW YORK — VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, (collectively the “Century Canadian Portfolio”) from Century Casinos, Inc. (NASDAQ: CNTY)...
Newbond Holdings Acquires the 130-Key Aloft Tampa Downtown Hotel
Newbond Holdings | September 5, 2023
The acquisition marks the firm’s third hotel investment in Downtown Tampa NEW YORK CITY (September 5, 2023) – Newbond Holdings (“Newbond”), a real estate and hospitality-focused investment platform, announces the acquisition of the Aloft Tampa Downtown Hotel. This transaction marks Newbond’s third hotel investment on the Downtown Tampa riverfront in the last 24 months, totaling more than 700 hotel rooms and over 800 feet of frontage on the Hillsborough River. Located on the Riverwalk in Downtown Tampa, the 130-key hotel offers an abundance of indoor and outdoor amenity space, including a waterfront pool and gym, corporate mee...
Waramaug Hospitality Acquires Atlanta Marriott Peachtree Corners
Waramaug Hospitality | August 23, 2023
August 23, 2023, Coral Gables, FL and Atlanta, GA — Waramaug Hospitality, a privately held investment firm focused on premium-branded select-service and full-service hotels, announced today it acquired the Atlanta Marriott Peachtree Corners located northeast of Atlanta's Interstate-285 beltway perimeter, within the high-growth corridor surrounding Peachtree Industrial Boulevard. The 222-room Atlanta Marriott Peachtree Corners features a fitness center, indoor pool, and outdoor fire pit seating area. With over 5,000 square feet of meeting space spread throughout nine rooms, the largest of which totaling 3,000 square feet with a capacity of...
RADCO Hotel Division Acquires Aloft Phoenix-Airport Hotel
The RADCO Companies | August 8, 2023
(Phoenix, AZ – August 8, 2023) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, has acquired the 143-room Aloft Phoenix-Airport hotel in Phoenix, AZ. Bill Murney with Cushman & Wakefield’s Hospitality team in Phoenix brokered the sale on behalf of the seller. Additional terms of the deal were not disclosed. Aloft Phoenix-Airport is a select service boutique hotel located at 4450 East Washington Street, adjacent to the Phoenix Sky Harbor International Airport (PHX), which served over 40 million passengers last year, and across the street from the airport’s Sky train station and t...
DiamondRock Hospitality Company Acquires Chico Hot Springs Resort in Paradise Valley, Montana
DiamondRock Hospitality Company | August 3, 2023
BETHESDA, Md., Aug. 3, 2023 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort (the "Resort"), a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park. The purchase price for the Resort and adjacent ranch (collectively, "Chico") is $33 million. Chico was acquired from an individual owner-operator and is an independent resort, completely unencumbered by brand and management agreements. The $27 million purchase price for the 117-room, 153-acre Resort represents an 8.1% capitalization rate on 2022 net opera...
The Mogharebi Group Advises Sunstone Development on Acquisition of Budget Inn Near Disneyland Park in Anaheim
The Mogharebi Group | August 3, 2023
Anaheim, CA (August 3, 2023) – The Mogharebi Group has arranged the sale of the 60-year-old Budget Inn, a 24-key limited-service hotel located at 1042 Ball Road in Anaheim, announced Mogharebi’s Executive Vice President Otto Ozen. The buyer was local private investor Sunstone Development which intends to explore long-term alternative strategies for the site including full-service hotel uses. The off-market transaction completes Sunstone’s 1.1-acre land assemblage at the gateway to Disneyland Park that included the purchase of the adjacent 44-key Days Inn by Wyndham last year. Sunstone recognized that together, these properties comb...
Sonnenblick-Eichner Company Arranges $100 Million Sale of The Inn at Rancho Santa Fe, Rancho Santa Fe, California
Sonnenblick-Eichner Company | July 25, 2023
Beverly Hills, CA (July 25, 2023) -- Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, has arranged a $100 million sale of The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego County’s exclusive enclave of Rancho Santa Fe, CA. The resort is undergoing an extensive “top-to-bottom” renovation. When fully operational in the fourth quarter of this year, it will be positioned as one of the most preeminent and exclusive destinations in California. The resort was purchased by an institutional investment fund. “We were able to generate interest in the acquisition given...
Gencom & GD Holdings Led Joint Venture Acquires Brand New St. Regis Chicago
Gencom | May 16, 2023
MIAMI, FL – May 16, 2023 – A joint venture between Gencom and GD Holdings, both privately held, internationally recognized owners, developers and managers of hospitality and residential projects, announced today the acquisition of the newly constructed, 192-key St. Regis Chicago, centrally located in the city’s Lakeshore East Loop community of Chicago where the Chicago River meets Lake Michigan. The 5-star hotel occupies the first 11 floors within the three interconnected towers comprising the luxurious hotel and branded-condominium mixed-use project. The tallest tower at 101 stories is the third highest in the city and is the tall...
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