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DiamondRock Hospitality Acquires Shorebreak Hotel

DiamondRock Hospitality Acquires Shorebreak Hotel

BETHESDA, Md.—DiamondRock Hospitality Company (the Company) announced today that it recently acquired the Shorebreak Hotel (Hotel) in Huntington Beach, California, for a purchase price of $58.5 million. The purchase price represents a 12.8 multiple on 2015 forecasted Hotel earnings before ...

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Marriott International Sells Miami Beach EDITION Hotel

Marriott International Sells Miami Beach EDITION Hotel

BETHESDA, Md.—Marriott International, Inc. announced it has sold The Miami Beach EDITION hotel for cash proceeds of $230 million. The sale is the second in a series of three anticipated sales of Marriott-owned EDITION hotels to companies ultimately owned by ...

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Hilton Worldwide Acquires Parc 55 San Francisco

Hilton Worldwide Acquires Parc 55 San Francisco

SAN FRANCISCO—Hilton Worldwide has announced the closing of the acquisition of Parc 55 Wyndham San Francisco — Union Square. The property, which will be renamed Parc 55 San Francisco a Hilton Hotel, adds 1,024 guest rooms, 54 suites, and more ...

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