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Starwood Sells Phoenician to Host Hotels & Resorts

Starwood Sells Phoenician to Host Hotels & Resorts

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. announced that it has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Ariz. to Host Hotels & Resorts for $400 million. Under Host’s ownership, The Phoenician will undergo a complete renovation. Starwood ...

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Carey Watermark Acquires Dual-Branded Hilton Property

Carey Watermark Acquires Dual-Branded Hilton Property

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta, Ga. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. ...

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Chesapeake Lodging Trust Acquires Ace Hotel Downtown

Chesapeake Lodging Trust Acquires Ace Hotel Downtown

ANNAPOLIS, Md.—Chesapeake Lodging Trust announced that it has closed on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, Calif. for a purchase price of $103 million, or approximately $566,000 per key. ...

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Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

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Chesapeake Lodging Trust Acquires The Royal Palm

Chesapeake Lodging Trust Acquires The Royal Palm

ANNAPOLIS, Md.—Chesapeake Lodging Trust has closed on the previously announced acquisition of The Royal Palm located in Miami Beach, Fla., for a purchase price of $278 million or approximately $707,000 per key. The Trust entered into a new management agreement ...

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