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Ashford Prime to Acquire Bardessono for $85 Million

Ashford Prime to Acquire Bardessono for $85 Million

DALLAS—Ashford Hospitality Prime has entered into a definitive agreement to acquire the leasehold interest in the 62-room Bardessono Hotel and Spa in Yountville, Calif., for a total consideration of $85 million ($1,370,000 per key). Post-closing, the property will be managed ...

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Pebblebrook Acquires The Tuscan Fisherman’s Wharf

Pebblebrook Acquires The Tuscan Fisherman’s Wharf

Pebblebrook Hotel Trust has acquired The Tuscan Fisherman’s Wharf, a Best Western Plus Hotel, for $122 million. The 221-room hotel is located in Fisherman’s Wharf in San Francisco, Calif. The property will continue to be managed by Kimpton Hotels & ...

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Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Originally built between 1904 and 1908 as The ...

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