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A Look at May REIT Lodging Trends

The lodging sector is poised to move up materially in 2016, Canaccord Genuity reports. That being said, the financial services firm prefers names with more attractive growth profiles primarily driven by heavier exposure to select-service and suburban or secondary market ...

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Carey Watermark Acquires Courtyard Times Square West

Carey Watermark Acquires Courtyard Times Square West

NEW YORK—Carey Watermark Investors Incorporated, a non-traded real estate investment trust focused on investing in lodging properties, announced that it has acquired the Courtyard Times Square West, a 224-room select-service hotel in Midtown Manhattan. CWI’s total investment in the property ...

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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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Inland American Acquires Two Andaz Hotels

Inland American Acquires Two Andaz Hotels

OAK BROOK, Ill.—Inland American Lodging Group (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust (“Inland American”), and Hyatt Hotels Corporation announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, ...

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Inland American Purchases Two Westin Hotels for $220 Million

Inland American Purchases Two Westin Hotels for $220 Million

OAK BROOK, Ill.—Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced that it has acquired two Westin hotels located in Houston’s Galleria District, for approximately $220 million. The 24-story Westin Galleria includes ...

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Lubert-Adler Sells Two Hotels to Carey Watermark Investors

Lubert-Adler Sells Two Hotels to Carey Watermark Investors

PHILADELPHIA—Lubert-Adler of Philadelphia, Penn., has sold two hotels comprising 647 keys to New York City-based Carey Watermark Investors for a total of $156.6 million. The most recent sale, which closed this week, was the 400-room Marriott Raleigh City Center, which ...

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