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AccorHotels Purchases Three Hotel Asset Portfolios

AccorHotels Purchases Three Hotel Asset Portfolios

Under HotelInvest, AccorHotels has announced the purchase of three hotel asset portfolios in Europe representing 29 hotels (3,677 rooms), for a total of approx $300 million. “Following the recent acquisition of 43 hotels from Foncière des Régions, these transactions once ...

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Fairmont San Francisco Interests Sell for $450 million

Fairmont San Francisco Interests Sell for $450 million

SAN FRANCISCO—The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were sold for $450 million by a partnership between funds managed by Oaktree Capital Management, L.P and real estate investor Michael Rosenfeld’sWoodridge Capital Partners LLC. Kingdom ...

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Carey Watermark Acquires Le Meridien Dallas

Carey Watermark Acquires Le Meridien Dallas

NEW YORK—Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired Le Meridien Dallas, The Stoneleigh. The historic hotel includes 176 guestrooms and is located in the chic Uptown Dallas district Originally built in 1923, Le Meridien Dallas, The ...

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W.P. Carey Acquires Six Courtyard Hotels

W.P. Carey Acquires Six Courtyard Hotels

NEW YORK—W. P. Carey Inc., a real estate investment trust specializing in corporate sale-leaseback and build-to-suit financing, and the acquisition of single-tenant net lease properties, announced that it has acquired a portfolio of six Courtyard by Marriott hotels for approximately ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

While the Marriott-Starwood merger may be the most buzzed-about deal this week, the two companies have a long way to go before completing the transaction. In the meantime, here’s a look at some notable hotel sales and acquisitions that have ...

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Songy Highroads Purchases Hyatt Fairfax

Songy Highroads Purchases Hyatt Fairfax

FAIRFAX, Va.—An affiliate of Atlanta-based Songy Highroads, LLC has purchased the Hyatt Fairfax at Fair Lakes, a full-service hotel located in Fairfax. The 14-story hotel was constructed in 1989 and contains 316 rooms. It features 9,000 square feet of meeting ...

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