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Hyatt to Acquire The Peabody Orlando

Hyatt to Acquire The Peabody Orlando

CHICAGO—Hyatt Hotels Corporation announced that a wholly owned Hyatt subsidiary plans to purchase the 1,641-room Peabody Orlando hotel for $717 million from UST Hotel Joint Venture, Ltd., comprised of affiliates of Belz Enterprises and Estein and Associates USA, Ltd. The ...

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Marriott to Sell Three Edition Hotels

Marriott to Sell Three Edition Hotels

BETHESDA, Md.—Marriott International has recently entered into a non-binding letter of intent for the sale of three Edition hotels subject to long-term management agreements. The three hotels (located in London, Miami Beach, and Manhattan) are currently owned by Marriott and ...

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Pebblebrook Hotel Trust Acquires The Redbury Hotel

Pebblebrook Hotel Trust Acquires The Redbury Hotel

BETHESDA, Md.—Pebblebrook Hotel Trust announced that it has acquired the award-winning Redbury Hotel for $34 million. The 57-room, all-suite, luxury, full-service hotel is located in the center of Hollywood, Calif. The property will continue to be managed by sbe Hotel ...

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LaSalle Hotel Properties Acquires Two San Francisco Hotels

LaSalle Hotel Properties Acquires Two San Francisco Hotels

BETHESDA, Md.—LaSalle Hotel Properties announced that it acquired the Harbor Court Hotel and Hotel Triton, both located in San Francisco, Calif., for $47.8 million. The company funded the transaction with borrowings from its Senior Unsecured Credit Facility. The 131-room, Harbor ...

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Carey Watermark Acquires Sonoma Mission Inn

Carey Watermark Acquires Sonoma Mission Inn

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired a joint venture interest in the Fairmont Sonoma Mission Inn and Spa from Fairmont Hotels and Resorts. Fairmont, the prior owner, will continue to manage the luxury resort under ...

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