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LaSalle Hotel Properties Acquires Hotel Vitale

LaSalle Hotel Properties Acquires Hotel Vitale

BETHESDA, Md.—LaSalle Hotel Properties has acquired Hotel Vitale in San Francisco, Calif., for $130 million. The company funded the acquisition with borrowings from its senior unsecured credit facility. The 200-room hotel is located at the intersection of the Embarcadero Waterfront ...

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Carey Watermark Acquires Hyatt Place Austin Downtown

Carey Watermark Acquires Hyatt Place Austin Downtown

NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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Marriott Completes Acquisition of Protea Hospitality

Marriott Completes Acquisition of Protea Hospitality

BETHESDA, Md., and Cape Town—Marriott International has become the largest hotel company in Africa according to published information, and has nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as ...

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RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

BETHESDA, Md.—RLJ Lodging Trust has sold an additional non-strategic hotel, the 182-room Hilton Mystic in Mystic, Conn., for approximately $14.1 million or $77,200 per key. The sale price represents approximately a 7.4 percent capitalization rate on the hotel’s projected 2014 ...

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Woodridge and Colony Acquire the Ritz-Carlton Kapalua Resort

Woodridge and Colony Acquire the Ritz-Carlton Kapalua Resort

MAUI, Hawaii—The Ritz-Carlton Kapalua Resort was sold to a partnership between Michael Rosenfeld’s Woodridge Capital Partners and Colony Capital and its affiliates including Colony Financial. The property, located on the island of Maui, is situated on 54 oceanfront acres, within ...

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