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Arbor Lodging Partners and NVN Hotels Merge

Arbor Lodging Partners and NVN Hotels Merge

CHICAGO, Ill.—Chicago-based Arbor Lodging Partners and NVN Hotels announced that the two companies will now operate under the name Arbor Lodging (Arbor), with the investment arm continuing as Arbor Lodging Partners and the management arm, NVN Hotels, now operating as ...

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Lingerfelt CommonWealth Acquires Dual-Branded Hilton

Lingerfelt CommonWealth Acquires Dual-Branded Hilton

RICHMOND, Va.—Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Va.-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Fla. The premium branded select-service and extended-stay hotel ...

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Ashford Hospitality Trust Proposes to Acquire FelCor

Ashford Hospitality Trust Proposes to Acquire FelCor

DALLAS—Ashford Hospitality Trust, a real estate investment trust focused on investing in the hospitality industry in upper upscale, full-service hotels, announced today that it has submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 ...

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Fairmont Newport Beach Sells for $125 Million

Fairmont Newport Beach Sells for $125 Million

ALISO VIEJO, Calif.—Sunstone Hotel Investors has announced the sale of the 444-room Fairmont Newport Beach for a contractual gross sale price of $125.0 million, or approximately $281,500 per key. The sale price of $125.0 million represents a 16.0x multiple on ...

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AJ Capital Acquires Two Properties to Become Graduate Hotels

AJ Capital Acquires Two Properties to Become Graduate Hotels

MINNEAPOLIS, Minn.—Mission Capital Advisors has arranged nearly $100 million in non-recourse acquisition financing for AJ Capital Partners to acquire and renovate two Graduate Hotel properties in Seattle and Minneapolis. The Graduate Hotels brand, launched by AJ Capital Partners in 2014, ...

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