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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

Xenia Hotels & Resorts, the Orlando-based lodging arm for Inland American Real Estate Investment Trust, announced on Aug. 11 that it has agreed to acquire the Hotel Commonwealth in Boston’s Kenmore Square neighborhood for $136 million. The transaction is expected ...

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Xenia Hotels & Resorts Acquires Hotel Commonwealth

Xenia Hotels & Resorts Acquires Hotel Commonwealth

ORLANDO, Fla.—Xenia Hotels & Resorts, Inc. has announced that it has agreed to acquire the Hotel Commonwealth in Boston, Mass. for a purchase price of $136 million. The luxury independent, boutique lifestyle hotel is located in the Kenmore Square neighborhood ...

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RLJ Lodging Trust Acquires Hyatt Place D.C. for $68 Million

RLJ Lodging Trust Acquires Hyatt Place D.C. for $68 Million

WASHINGTON, D.C.—Atlanta-based Songy Highroads, LLC sold the 164-room Hyatt Place D.C./Downtown/K Street located in Washington, D.C., to RLJ Lodging Trust for $68 million. At approximately $415,000 per key, the sale sets a high-water mark for select-service hotels in the Washington, ...

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Blackstone Group Acquires 15-Hotel Portfolio for $203 Million

Blackstone Group Acquires 15-Hotel Portfolio for $203 Million

ATLANTA—Hunter Hotel Advisors announced today that it represented Pinnacle Hotel Management (PHM) in the sale of a 15-hotel, select-service portfolio comprised of Marriott- and Hilton-branded hotels for $203 million to the Blackstone Group. Nine of the hotel transactions already have ...

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DiamondRock Hospitality Acquires Key West Sheraton Suites

DiamondRock Hospitality Acquires Key West Sheraton Suites

BETHESDA, Md.—DiamondRock Hospitality Company has announced that it recently acquired the fee simple interest in the 184-suite Sheraton Suites Key West in Key West, Fla., for $94 million (or $511,000 per guest room). The purchase price represents a 12.8 multiple ...

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