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Historic Hotel du Pont Purchased

Historic Hotel du Pont Purchased

Wilmington and Washington D.C.-based developer The Buccini/Pollin Group, Inc. (BPG), has purchased the historic DuPont Building and Hotel du Pont, a 950,000 sq. ft. mixed-use complex, from The Chemours Company (NYSE:CC), who has agreed to lease back office space for 17 ...

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Lingerfelt CommonWealth Acquires Dual-Branded Hilton

Lingerfelt CommonWealth Acquires Dual-Branded Hilton

RICHMOND, Va.—Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Va.-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Fla. The premium branded select-service and extended-stay hotel ...

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Ashford Hospitality Trust Proposes to Acquire FelCor

Ashford Hospitality Trust Proposes to Acquire FelCor

DALLAS—Ashford Hospitality Trust, a real estate investment trust focused on investing in the hospitality industry in upper upscale, full-service hotels, announced today that it has submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 ...

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Crowne Plaza Marina Hotel Sells to Shamin Hotels Affiliate

Crowne Plaza Marina Hotel Sells to Shamin Hotels Affiliate

NEWPORT NEWS, Va.—Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced they represented the affiliates of Sotherly Hotels in the sale of the Crowne Plaza Marina Hotel, Hampton, Va., to Marina Hotel, an affiliate of Shamin Hotels. Shamin ...

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Fairmont Newport Beach Sells for $125 Million

Fairmont Newport Beach Sells for $125 Million

ALISO VIEJO, Calif.—Sunstone Hotel Investors has announced the sale of the 444-room Fairmont Newport Beach for a contractual gross sale price of $125.0 million, or approximately $281,500 per key. The sale price of $125.0 million represents a 16.0x multiple on ...

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