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Ashford to Buy Out Partner in Highland Portfolio

Ashford to Buy Out Partner in Highland Portfolio

Ashford Hospitality Trust has signed a definitive agreement to acquire the remaining 28.26 percent ownership interest of the 28-hotel Highland Hospitality portfolio from it joint venture partner, Prudential Real Estate Investors. Ashford will purchase the fund’s interest for $250.1 million ...

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DiamondRock Names New VP, Acquisitions and Investments

DiamondRock Names New VP, Acquisitions and Investments

BETHESDA, Md.—DiamondRock Hospitality has announced that Dustin Resnick has joined the company as vice president, acquisitions and investments, effective immediately. In this role, Resnick will be responsible for sourcing and executing new acquisitions for the company and will play a ...

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LaSalle Hotel Properties Acquires Heathman Hotel in Portland

LaSalle Hotel Properties Acquires Heathman Hotel in Portland

BETHESDA, Md.—LaSalle Hotel Properties has acquired The Heathman Hotel in Portland, Ore., for $64.3 million. The company funded the acquisition with cash on hand. Surrounded by corporate and leisure demand generators, the 150-room hotel is located in downtown Portland among ...

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Pebblebrook Acquires the Revere Hotel Boston Common

Pebblebrook Acquires the Revere Hotel Boston Common

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Revere Hotel Boston Common, an attached 826-space parking garage, and an adjacent land parcel for $260.4 million. The 356-room hotel is located in the historic Theater District of downtown Boston, Mass. “We’re thrilled ...

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