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LaSalle Hotel Properties Acquires Heathman Hotel in Portland

LaSalle Hotel Properties Acquires Heathman Hotel in Portland

BETHESDA, Md.—LaSalle Hotel Properties has acquired The Heathman Hotel in Portland, Ore., for $64.3 million. The company funded the acquisition with cash on hand. Surrounded by corporate and leisure demand generators, the 150-room hotel is located in downtown Portland among ...

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Ashford Completes Acquisition of Fremont Marriott Silicon Valley

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45 percent below estimated replacement cost. The transaction was funded ...

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Noble Acquires Hyatt Place Houston Sugar Land

Noble Acquires Hyatt Place Houston Sugar Land

HOUSTON—Noble Investment Group today announced the acquisition of Hyatt Place Houston Sugar Land. The hotel, which opened in 2010, is located in the prominent Sugar Land area, which is southwest of downtown Houston. “The Houston MSA continues to be a ...

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