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DiamondRock Hospitality Acquires Shorebreak Hotel

DiamondRock Hospitality Acquires Shorebreak Hotel

BETHESDA, Md.—DiamondRock Hospitality Company (the Company) announced today that it recently acquired the Shorebreak Hotel (Hotel) in Huntington Beach, California, for a purchase price of $58.5 million. The purchase price represents a 12.8 multiple on 2015 forecasted Hotel earnings before ...

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Hilton Worldwide Acquires Parc 55 San Francisco

Hilton Worldwide Acquires Parc 55 San Francisco

SAN FRANCISCO—Hilton Worldwide has announced the closing of the acquisition of Parc 55 Wyndham San Francisco — Union Square. The property, which will be renamed Parc 55 San Francisco a Hilton Hotel, adds 1,024 guest rooms, 54 suites, and more ...

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Loews to Acquire Mandarin Oriental San Francisco Hotel

Loews to Acquire Mandarin Oriental San Francisco Hotel

NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, today announced that it has entered into an agreement to purchase the 158-room Mandarin Oriental San Francisco Hotel. The acquisition is expected to close in late March. “This ...

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Carey Watermark Investors Acquires Westin Minneapolis

Carey Watermark Investors Acquires Westin Minneapolis

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Minneapolis hotel. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition price was $66.4 million and was financed with $43.5 million of ...

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