Category Archives: Acquisitions

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Palisades Hospitality Group Buys Colony Palms Hotel

Palisades Hospitality Group Buys Colony Palms Hotel

PALM SPRINGS, Calif.—Palisades Hospitality Group (PHG) and CovoCapital, a boutique real estate investment company based in San Francisco, announced they have purchased the Colony Palms Hotel. PHG will operate the Colony Palms under its hotel subsidiary. Other hotels in this ...

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HHM Acquires Sheraton Miami Airport Conference Hotel

HHM Acquires Sheraton Miami Airport Conference Hotel

MIAMI—Philadelphia based HHM has completed its acquisition of the Sheraton Miami Airport Hotel and Executive Meeting Center, which features 405 rooms, 17,000 square feet of updated meeting space, an 1,800-square-foot fitness facility, plus multiple food and beverage outlets. The 405-room ...

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Narsi Properties Acquires North Carolina Homewood Suites

Narsi Properties Acquires North Carolina Homewood Suites

DURHAM/CHAPEL HILL, N.C.—Narsi Properties, a hotel owner/developer/operator based in North Carolina, has announced the acquisition of the 96-suite Homewood Suites by Hilton Durham-Chapel Hill/I-40 for an undisclosed sum. The hotel is in the midst of a major renovation to upgrade ...

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Noble House Adds Two Luxury Teton Village Resorts

Noble House Adds Two Luxury Teton Village Resorts

SEATTLE—Noble House Hotels & Resorts has acquired Teton Mountain Lodge and Hotel Terra and will immediately assume management of both properties, located in Teton Village, Jackson Hole, Wyo. The resorts bring the Noble House Hotels & Resorts hospitality portfolio to ...

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Ashford Prime to Acquire Bardessono for $85 Million

Ashford Prime to Acquire Bardessono for $85 Million

DALLAS—Ashford Hospitality Prime has entered into a definitive agreement to acquire the leasehold interest in the 62-room Bardessono Hotel and Spa in Yountville, Calif., for a total consideration of $85 million ($1,370,000 per key). Post-closing, the property will be managed ...

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