Category Archives: Acquisitions

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HREC Arranges Sale of Marriott SpringHill Suites Las Cruces

HREC Arranges Sale of Marriott SpringHill Suites Las Cruces

Denver, Colo. and San Diego, Calif.–HREC Investment Advisors has arranged the sale of the 101-suites Marriott SpringHill Suites Las Cruces in New Mexico. The buyer is a California-based investor who owns and operates a hotel portfolio throughout the Southwest under major ...

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Avendra to be Acquired by Aramark

Avendra to be Acquired by Aramark

Rockville, Md.–Avendra, a North American hospitality procurement services provider, announced that its board of managers reached a binding agreement with Aramark Corporation to sell the company to Aramark for $1.35 billion. Avendra is owned by founding shareholders Marriott International, Hyatt, ...

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MCR Acquires Two Marriott Properties in Utah

MCR Acquires Two Marriott Properties in Utah

MCR announced the acquisition of two Marriott hotels located in Lehi, Utah, a suburb of Salt Lake City. Both properties, the Courtyard Lehi and SpringHill Suites Lehi, are situated at the entrance to Thanksgiving Point, Lehi’s central business and leisure hub, ...

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AJ Capital Partners Buys Hotel Duncan in New Haven

AJ Capital Partners Buys Hotel Duncan in New Haven

AJ Capital Partners announced that it has acquired Hotel Duncan in New Haven, Conn. In Spring 2018, the hotel will close for renovation and reopen in early 2019 as the Graduate New Haven. Following the renovation, the five-story hotel will ...

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Lennox Capital Partners Acquires The Westin St. Louis

Lennox Capital Partners Acquires The Westin St. Louis

ST. LOUIS–Lennox Capital Partners has acquired The Westin St. Louis from Norwalk, Connecticut-based HEI Hotels & Resorts. As part of the transaction, Lennox Capital Partners separately executed on a ground sale and lease back. The firm also announced that the ...

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