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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

Xenia Hotels & Resorts, the Orlando-based lodging arm for Inland American Real Estate Investment Trust, announced on Aug. 11 that it has agreed to acquire the Hotel Commonwealth in Boston’s Kenmore Square neighborhood for $136 million. The transaction is expected ...

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Carey Watermark Acquires Westin Pasadena for $142.5 Million

Carey Watermark Acquires Westin Pasadena for $142.5 Million

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, Calif. The acquisition price was $142.5 million. The Westin Pasadena is a Four ...

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Hilton Closes Sale of Waldorf Astoria New York

Hilton Closes Sale of Waldorf Astoria New York

MCLEAN, Va.—Hilton Worldwide Holdings today announced it closed its previously-announced sale of the Waldorf Astoria New York to Anbang Insurance Group Co. for $1.95 billion. In addition, Hilton Worldwide has signed agreements to redeploy the proceeds of the sale to ...

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Davidson and Silverpeak Acquire Hyatt Regency Indianapolis

Davidson and Silverpeak Acquire Hyatt Regency Indianapolis

INDIANAPOLIS, Ind.—Executives of Davidson Hotels & Resorts and Silverpeak Real Estate Partners announced that its joint venture has acquired the 499-room Hyatt Regency Indianapolis from Hyatt Hotels Corporation. Davidson, which facilitated the transaction, also will operate the hotel, marking the ...

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Urgo Hotels Acquires Whiteface Lodge in Lake Placid

Urgo Hotels Acquires Whiteface Lodge in Lake Placid

BETHESDA, Md.—Urgo Hotels & Resorts today announced that it purchased, for an undisclosed sum, the Whiteface Lodge Resort, located in Lake Placid, N.Y. Whiteface Lodge is situated on 6 million acres of upstate New York national park on the shores ...

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