Category Archives: Acquisitions

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RLHC to Acquire GuestHouse and Settle Inn

RLHC to Acquire GuestHouse and Settle Inn

The RLHC portfolio is about to double on the heels of an $8.5 million acquisition. On April 23, RLHC (Red Lion Hotel Corporation) announced the purchase of GuestHouse International and Settle Inn & Suites, two Boomerang Hotels franchise economy brands. ...

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Centerbridge to Acquire Great Wolf Resorts

Centerbridge to Acquire Great Wolf Resorts

MADISON, Wis.—Great Wolf Resorts has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners whereby Centerbridge, a private investment firm, will acquire Great Wolf, a family of indoor waterpark resorts. Great Wolf is currently ...

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Carey Watermark Acquires Westin Pasadena for $142.5 Million

Carey Watermark Acquires Westin Pasadena for $142.5 Million

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, Calif. The acquisition price was $142.5 million. The Westin Pasadena is a Four ...

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AJ Capital Partners Acquires Doubletree Richmond Downtown

AJ Capital Partners Acquires Doubletree Richmond Downtown

RICHMOND, Va.—AJ Capital Partners has announced that it has acquired the former Doubletree by Hilton Hotel Richmond Downtown in Richmond, Virginia. The property will be closed to facilitate a comprehensive renovation and will open as the Graduate Richmond in early ...

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