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Westin Austin Downtown Opens Its Doors

Westin Austin Downtown Opens Its Doors

AUSTIN, Texas—Westin Hotels & Resorts has announced the opening of The Westin Austin Downtown, located at the corner of San Jacinto Boulevard and Fifth Street. A joint venture among White Lodging Services Corporation, the Harry Whittington family, and REI Real ...

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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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