hotel acquisition
Noble Acquires Marriott Indianapolis | Fishers and Dual-Branded Hyatt House & Hyatt Place Indianapolis | Fishers
Noble Investment Group | October 30, 2024
ATLANTA, Oct. 30, 2024-- Noble Investment Group ("Noble") today announced the acquisition of the Courtyard by Marriott Indianapolis | Fishers and the dual-brand Hyatt House & Hyatt Place Indianapolis | Fishers. The newly built hotels are located within the Fishers District, a 150-acre live, work, play, and stay development featuring vibrant dining, retail, and entertainment venues. [caption id="attachment_422108" align="alignright" width="300"] Hyatt Place & Hyatt House Indianapolis | Fishers[/caption] Fishers, Indiana, is a dynamic and rapidly expanding market proximate to Indianapolis. It is recognized for its stron...
Reuben Brothers Acquire W South Beach From Tricap and RFR
Reuben Brothers | October 29, 2024
Miami Beach, FL (October 29, 2024) – In a milestone transaction that is set to redefine the luxury hotel market in Miami, Reuben Brothers have acquired the renowned W South Beach from Tricap and RFR. The landmark deal, valued at over $400 million, reinforces Reuben Brothers' commitment to strategically expanding their hospitality portfolio in the United States and beyond. David Edelstein (Tricap) and RFR acquired the 3.5-acre property in 2004 and commenced the development of a new world-class luxury hotel, W South Beach, along with The Residences at W South Beach. When it opened its doors in 2009, it significantly reshaped the landscape o...
Paramount Lodging Advisors Closes Out the Sale of the Courtyard by Marriott and Hampton Inn Statesville, NC
Paramount Lodging Advisors | October 28, 2024
Paramount Lodging Advisors (PLA) has successfully transacted the Courtyard by Marriott and Hampton Inn Statesville, NC. PLA Partners Mike Schlictman and Andrew Makhlouf represented the seller in the transactions. The 94-room Courtyard and 80-room Hampton Inn are both proximate to all local leisure demand generators, most notably Statesville Civic Center, Lake Norman, and Statesville Park and Soccer Complex. The properties were sold individually as part of a larger institutional portfolio sale. “As part of our ongoing efforts to deliver exceptional results for our clients, we’re proud to have recently brokered the sales of two instit...
Salter Brothers Acquires Three Bannisters Hotels for AUD100 Million
Salter Brothers | October 15, 2024
Busy hospitality fund manager Salter Brothers has bolstered its portfolio of boutique country lodges and luxury coastal retreats after snapping up three Bannisters hotels in Mollymook and Port Stephens on the NSW South and North Coast for over $100 million. The acquisitions include two famous seafood restaurants in Mollymook and Port Stephens, which are operated by celebrity UK chef Rick Stein within the hotel complexes alongside a number of pubs, bars and spas. It comes as Salter Brothers works on plans to potentially float a separate $2 billion portfolio of mostly IHG-operated CBD hotels including properties such as the five-star ...
NewcrestImage Acquires The Beeman Hotel In Dallas
NewcrestImage | October 3, 2024
NewcrestImage continues to grow its portfolio of luxury full-service properties with the addition of The Beeman Hotel, which features 296 guest rooms and suites over nine floors. “The Beeman is a very high-quality property that offers tremendous upside potential to help drive our ambitious growth goals,” said Mehul Patel, Managing Partner and CEO of NewcrestImage. “To further and fully optimize this hotel’s value and profits, we intend to rebrand in the high-end upscale category.” NewcrestImage has selected Coury Hospitality to manage the property. Coury, along with its Concert Hospitality affiliate, already manages four upscale...
Bespoke Hotels Expands UK Portfolio With Acquisition of Four Coast & Country Hotels
Bespoke Hotels | October 1, 2024
The group, a collection of over 70 independent hotels across the length of the British Isles, has purchased the Caledonian Hotel in Fort William, the Great Western Hotel in Oban, The Pitlochry Hydro Hotel, and the Marine Hotel in Llandudno. Haydn Fentum, chairman of Bespoke Hotels, commented: “I’m delighted to announce the acquisition of these four regional hotels, which represent a significant step forward in our growth strategy. These properties align perfectly with our vision of offering exceptional hospitality experiences across the UK. “We are confident that our management and operations expertise will enhance the value of t...
District Hospitality Partners Acquires Hilton Washington DC/Rockville and Executive Meeting Center
District Hospitality Partners | September 24, 2024
September 24 2024, Bethesda, MD — District Hospitality Partners, a privately held hospitality investment group that owns properties nationwide, announced today the acquisition of the Hilton Washington DC/Rockville Hotel and Executive Meeting Center. This full-service property adds to the firm's growing national portfolio of upscale hotels The 315-room property is located in one of the most sought-after and fastest-growing residential and commercial locations in the Washington Metro Area. The property backs up to the Twinbrook Metro station, offering guests easy and direct access to downtown Washington DC, Capital One Arena, Union Statio...
Peachtree Group Acquires AC Hotel by Marriott in Park City, Utah
Peachtree Group | September 19, 2024
ATLANTA--Peachtree Group ("Peachtree") continues to build momentum with its sixth hotel acquisition of the year, with the acquisition of the AC Hotel by Marriott in Park City, Utah, highlighting the growing equity investment opportunities re-emerging in the hospitality sector. "Our team has successfully acquired a number of hotel properties at below-market prices, taking advantage of the current slowdown in transactions,” said Greg Friedman, managing principal and CEO of Peachtree. “While the market is slower than usual due to high interest rates, tighter lending conditions, economic and geopolitical uncertainty, we continue to remain ...
