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AccorHotels Purchases Three Hotel Asset Portfolios

AccorHotels Purchases Three Hotel Asset Portfolios

Under HotelInvest, AccorHotels has announced the purchase of three hotel asset portfolios in Europe representing 29 hotels (3,677 rooms), for a total of approx $300 million. “Following the recent acquisition of 43 hotels from Foncière des Régions, these transactions once ...

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Fairmont San Francisco Interests Sell for $450 million

Fairmont San Francisco Interests Sell for $450 million

SAN FRANCISCO—The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were sold for $450 million by a partnership between funds managed by Oaktree Capital Management, L.P and real estate investor Michael Rosenfeld’sWoodridge Capital Partners LLC. Kingdom ...

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Buccini/Pollin Enters Philadelphia Market

Buccini/Pollin has entered the Philadelphia market with a number of acquisitions, including the Omni Hotel Independence Park in Old City. Today, the company expects to close on its purchase. It will become a Renaissance next year, after completing renovations. Additionally, ...

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Carey Watermark Acquires Le Meridien Dallas

Carey Watermark Acquires Le Meridien Dallas

NEW YORK—Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired Le Meridien Dallas, The Stoneleigh. The historic hotel includes 176 guestrooms and is located in the chic Uptown Dallas district Originally built in 1923, Le Meridien Dallas, The ...

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