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Jordache Investment Arm Buys Setai Miami Beach

Jordache Investment Arm Buys Setai Miami Beach

MIAMI BEACH, Fla.—Nakash Holdings, the investment company controlled by the founders of Jordache Enterprises of designer jeans fame, has purchased the 130-room Setai Hotel in South Beach, Fla., for nearly $90 million. The hotel’s amenities include three newly renovated infinity ...

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Pebblebrook Acquires the Revere Hotel Boston Common

Pebblebrook Acquires the Revere Hotel Boston Common

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Revere Hotel Boston Common, an attached 826-space parking garage, and an adjacent land parcel for $260.4 million. The 356-room hotel is located in the historic Theater District of downtown Boston, Mass. “We’re thrilled ...

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NewcrestImage Acquires Two Hyatt Places in Texas

NewcrestImage Acquires Two Hyatt Places in Texas

NewcrestImage has acquired two Hyatt Place hotels in Texas—the 127-room property on Dallas Parkway in Plano and the 126-room property on Hyatt Park Drive in San Antonio. They are NewcrestImage’s first Hyatt properties. Each of the two acquired properties has ...

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Noble Acquires 11 Hotels from McKibbon

Noble Acquires 11 Hotels from McKibbon

ATLANTA—Noble Investment Group has closed on the acquisition of 10 Marriott and one Hilton premium branded select service and extended stay hotels from McKibbon Hotel Group. McKibbon will continue managing the portfolio, which totals 1,306 rooms in five states throughout ...

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Hyatt Regency Vancouver Sold for $123 Million

Hyatt Regency Vancouver Sold for $123 Million

CHICAGO—An affiliate of Hyatt Hotels Corporation has sold the 644-room Hyatt Regency Vancouver to InnVest Real Estate Investment Trust for approximately $123 million or $190,000 per key. The hotel will continue to operate as a Hyatt Regency hotel. “We are ...

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