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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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Carey Watermark Purchases Embassy Suites Denver

Carey Watermark Purchases Embassy Suites Denver

NEW YORK—Carey Watermark Investors 2 (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has purchased the Embassy Suites by Hilton Denver–Downtown/Convention Center, a 403-suite, full-service hotel located in ...

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Frontier Development Acquires Embassy Suites Columbus

Frontier Development Acquires Embassy Suites Columbus

WASHINGTON D.C.—The Washington, D.C., based hotel development and acquisition firm, Frontier Development & Hospitality Group LLC along with its JV partner Kana Hotel Group has announced its successful acquisition of the Embassy Suites Columbus from RLJ Lodging Trust. The acquisition ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

On Sept. 8, Strategic Hotels & Resorts announced it had entered into a definitive agreement with affiliates of Blackstone Real Estate Partners under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels for a value of ...

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