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Service Properties Trust to Transfer Branding and Management of 98 Hotels to Sonesta

NEWTON, Mass. — Service Properties Trust (SVC) today announced that it has terminated the management agreements for 122 hotels with Marriott International effective January...
Candlewood Suites McAlester

KJ Properties Sells Five-Hotel Portfolio for $36 Million

AUSTIN, Texas — Marcus & Millichap has announced the sale of a five-hotel portfolio in Texas and Oklahoma. The commercial real estate investment services...
Baker's Cay Resort Key Largo

Deal Report: Seven Hotel Sale and Financing Announcements

KHP Capital Partners Closes $361 Million Hotel Investment Fund KHP Capital Partners (KHP), a private real estate investment firm focused on acquiring and creating boutique...
Hilton Santa Cruz/Scotts Valley in California

This Week’s Hotel Sale and Financing Announcements

Sun Hill Properties Buys Two TownePlace Suites in Colorado HREC Investment Advisors has arranged the sale of the 99-room TownePlace Suites Denver Southwest, located in...

Hersha Hospitality Trust Closes Sale of Hotel 373

PHILADELPHIA—Hersha Hospitality Trust announced that the company has closed on the previously-announced sale of Hotel 373 in midtown Manhattan for $37 million, or approximately...