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Provenance Hotel Partners Buys Old No. 77 Hotel

Provenance Hotel Partners Buys Old No. 77 Hotel

NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans. The seller was a partnership primarily comprised ...

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Sage Hospitality Acquires Holiday Inn Atlanta Perimeter

Sage Hospitality Acquires Holiday Inn Atlanta Perimeter

ATLANTA—Hunter Hotel Advisors announced today that they represented an institutional investor out of Los Angeles, in the sale of the Holiday Inn Atlanta Perimeter in Dunwoody, Ga. The hotel was purchased through a joint venture between Denver-based Sage Hospitality, a ...

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Simon Baron Development Acquires Stay on Main Hotel

Simon Baron Development Acquires Stay on Main Hotel

NEW YORK, N.Y.—Simon Baron Development (Simon Baron), a New York City developer and owner of commercial and residential real estate, has announced that they have expanded their footprint by acquiring the ground lease on the 600-room Stay on Main Hotel, ...

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Interval Leisure Group Acquires Vistana Signature Experiences

Interval Leisure Group Acquires Vistana Signature Experiences

MIAMI & STAMFORD, Conn.—Interval Leisure Group has completed the previously announced acquisition of Vistana Signature Experiences from Starwood Hotels & Resorts Worldwide. As consideration for the acquisition, Starwood shareholders receive approximately 72.4 million of ILG shares valued at $14.24 per ...

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InnVest Sells for $1.6 Billion

InnVest Real Estate Investment Trust is selling its portfolio of 109 hotel to Bluesky, a Canadian company backed by Hong Kong, for 2.1 billion Canadian dollars, or $1.6 billion USD, including debt. InnVest’s hotels hold properties managed by Marriott International, ...

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