Tag: acquisitions
RLJ Lodging Trust Acquires Hyatt Place D.C. for $68 Million
WASHINGTON, D.C.—Atlanta-based Songy Highroads, LLC sold the 164-room Hyatt Place D.C./Downtown/K Street located in Washington, D.C., to RLJ Lodging Trust for $68 million. At...
DiamondRock Hospitality Acquires Key West Sheraton Suites
BETHESDA, Md.—DiamondRock Hospitality Company has announced that it recently acquired the fee simple interest in the 184-suite Sheraton Suites Key West in Key West,...
Deal Roundup: The Latest Sales and Acquisitions
On July 10, InterContinental Hotels Group announced it agreed to sell ownership interest in InterContinental Hong Kong to Supreme Key Limited, a consortium of...
Ashford Acquires W Atlanta Downtown for $56.8 Million
Ashford Hospitality Trust has completed the previously-announced acquisition of the 237-room W Atlanta Downtown hotel for total consideration of $56.8 million ($239,000 per key)....
Palisades Hospitality Group Buys Colony Palms Hotel
PALM SPRINGS, Calif.—Palisades Hospitality Group (PHG) and CovoCapital, a boutique real estate investment company based in San Francisco, announced they have purchased the Colony...