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Marcus & Millichap Arranges 225-Room Marriott Sale

Marcus & Millichap Arranges 225-Room Marriott Sale

DENVER, Colo.—Marcus & Millichap has arranged the sale of three Marriott Fairfield Inn & Suites hotels in the Denver area. The portfolio contains a total of 225 rooms. “The hotels are all located in stable submarkets within the Denver metropolitan ...

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Oxford Capital Sells $315 Million LondonHouse Chicago

Oxford Capital Sells $315 Million LondonHouse Chicago

CHICAGO—An Oxford Capital Group-led venture with Angelo, Gordon today announces the $315 million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany’s Union Investment Real Estate. Scheduled to ...

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Ashford Hospitality Trust Sells $142 Million Portfolio

Ashford Hospitality Trust Sells $142 Million Portfolio

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The portfolio is comprised of ...

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Marcus & Millichap Sells $30 Million Portfolio

Marcus & Millichap Sells $30 Million Portfolio

FARGO, N.D.—Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of a two-property hospitality property portfolio in Fargo. The assets are a Holiday Inn and a Holiday ...

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GE to Sell Franchise Finance U.S. Hotel Business

GE to Sell Franchise Finance U.S. Hotel Business

FAIRFIELD, Conn.—GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment (ENI) and the ...

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Thompson Miami Beach to Join Hyatt’s Unbound Collection

Thompson Miami Beach to Join Hyatt’s Unbound Collection

CHICAGO—Hyatt Hotels Corporation today announced that a wholly-owned subsidiary has entered into an agreement to purchase the 380-room Thompson Miami Beach hotel from an affiliate of Geolo Capital. The transaction is expected to close in late April, and the hotel ...

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