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More Mergers, Acquisitions to Come in 2016

Following a year that saw major hotel companies wheeling and dealing toward a more consolidated marketplace, Reuters is expecting to see even more merger and acquisition (M&A) activity in the hospitality space in 2016. There are a number of drivers behind this activity, ...

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Related Group, Dezer Development Acquire Hyde Midtown Suites

Related Group, Dezer Development Acquire Hyde Midtown Suites

MIAMI—The sale of the Hyde Midtown 60-room hotel to a New York investor that already owns hotel properties in South Beach kicked off discussions at Hyde Midtown, where The Related Group and Dezer Development revealed the $30+ million acquisition of the property’s David Rockwell-designed hotel ...

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Carey Watermark Acquires Equinox Golf Resort & Spa

Carey Watermark Acquires Equinox Golf Resort & Spa

NEW YORK—Carey Watermark Investors (CWI 1) announced that it has acquired The Equinox Golf Resort & Spa, part of Starwood’s The Luxury Collection brand. The expansive, historic resort is located on 1,300 acres between the Green and Taconic Mountains in ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

Earlier this month, HHM acquired the Best Western Tria in Cambridge, Mass. This acquisition further expands HHM’s private-investment platform and management footprint in the Boston market. The company plans to extensively renovate the 121-room property, with upgrades to the guestrooms, ...

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HHM Acquires Best Western Tria

HHM Acquires Best Western Tria

PHILADELPHIA—HHM has announced that it now owns and manages the Best Western Tria in Cambridge, Mass., further expanding its private-investment platform and management footprint in the dynamic Boston market. The company plans to extensively renovate the 121-room property, with upgrades ...

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Carey Watermark Acquires Seattle Marriott Bellevue

Carey Watermark Acquires Seattle Marriott Bellevue

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 acquired the Seattle Marriott Bellevue. The newly developed hotel includes 384 guestrooms and is ...

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