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Carey Watermark Acquires Hyatt Place Austin Downtown

Carey Watermark Acquires Hyatt Place Austin Downtown

NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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SoTHERLY Hotels Acquires Georgian Terrace Hotel

SoTHERLY Hotels Acquires Georgian Terrace Hotel

WILLIAMSBURG, Va.—SoTHERLY Hotels Inc. has acquired the Georgian Terrace Hotel, an adjacent 698-space parking structure, and a 0.6 acre development parcel for $61 million. The 326-room independent, full-service hotel is located in Atlanta, Ga.’s revitalized Midtown business district. The hotel ...

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AHIP Closes $37.1 Million Hotel Portfolio Acquisition

AHIP Closes $37.1 Million Hotel Portfolio Acquisition

VANCOUVER—American Hotel Income Properties REIT LP announced the closing of its previously announced acquisition of a portfolio of four hotel properties located in Virginia for an aggregate purchase price of approximately $37.1 million, including up to $1.6 million for defeasance ...

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Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Hospitality Prime Inc. announced that it has signed a definitive agreement to acquire the 415-room Sofitel Chicago Water Tower for a total consideration of $153 million in cash ($369,000 per key). The company expects to close the acquisition in ...

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Interstate Enters Into Sixth Acquisition with Waramaug Hospitality

ORLANDO, Fla.—Expanding its joint venture, Interstate Hotels and Resorts announced its sixth acquisition with Waramaug Hospitality to buy the 382-room Sheraton Orlando North Hotel. Hospitality Funding, a Palm Beach, Fla.-headquartered boutique investment advisory firm, advised the buyer group on the ...

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