hotel acquisitions
Q3 2022 Major U.S. Hotel Sales Survey
Daniel Lesser | November 9, 2022
By Daniel Lesser Economists, politicians, and business leaders are split on whether the U.S. economy is heading for a recession, is already in one, or will merely experience a slowdown. With continued supply chain disruptions, geopolitical conflicts (most notably the war in Ukraine), and the Fed’s determination to continue increasing the federal funds interest rate, there is tremendous uncertainty around inflation and where the economy is heading. Mixed signals abound, however U.S. gross domestic product (GDP) increased for the first time this year in the third quarter, expanding at a higher-than-expected 2.6 percent annually. Unemployme...
Q2 2022 Major U.S. Hotel Sales Survey
Daniel Lesser | July 26, 2022
By Daniel Lesser With the first half of the year now in the books, 2022 has thus far provided an unexpected and tumultuous ride. It was only six months ago when the S&P 500 reached all-time highs in a world where lingering supply chain pressures and potential COVID outbreaks seemed to be the two most pressing risks to economies across the globe. While those two dangers are abating, a refreshed slate of macro-overhangs may be more daunting than ever. Included are the ongoing war in Ukraine, rising interest rates and soaring levels of inflation. Although the U.S. is not technically in an economic recession yet, many feel angst due to ...
Avison Young Hired Adam Lallani
Avison Young | April 21, 2020
ATLANTA – April 21, 2020 – Avison Young has hired Adam Lallani to lead the hospitality practice group in Houston. Adam will focus on the valuation, disposition, financing and acquisition of single assets and portfolios across the United States. Adam started his career with Avison Young in June 2017 as an Analyst for Avison Young’s Hospitality Group in Atlanta, Georgia. As an Analyst, Adam was primarily responsible for composing Offering Memoranda and Broker’s Opinions of Value for the hospitality team. Adam earned a Bachelor of Science degree in Business Administration with a concentration in Finance from Trinity University in S...
Why More Consolidation Is on the Cards for Hotels
Real Views | October 8, 2018
From mega-mergers to niche acquisitions, consolidation is recalibrating the balance of power in the hotel industry as established operators get bigger and smaller brands seek new ways to differentiate themselves. Today's hotel operators are increasingly looking to diversify their offerings with a range of different concepts, for example serviced apartments or boutique chains alongside their established brands, as well as branching out into new countries. New live-work-play concepts are emerging as "a kick against the idea of the traditional hotel", Tony Ryan, managing director of global mergers & acquisitions at JLL says, pointing t...
DiamondRock Acquires The Landing Resort & Spa in Lake Tahoe, California for $42 Million, or $545,000 Per Key
DiamondRock Hospitality | March 2, 2018
BETHESDA, Md., March 1, 2018 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it has acquired The Landing Resort & Spa ("The Landing" or "Resort"), a luxury resort in Lake Tahoe, California, for $42 million, or $545,000 per key. The acquisition represents a 7% yield on 2017 Hotel Adjusted EBITDA. The Landing Resort & Spa is a premier luxury resort with one of the best locations in Lake Tahoe. The Landing was ranked as a TripAdvisor Traveler's Choice Award Top 20 Hotel in the US and Condé Nast Readers' Choice Award #1 resort in Northern California in ...
2017 Year In Review: US Hotel Transactions
MGAC | January 12, 2018
In 2017, MGAC Research tracked 303 non-confidential, single-asset, mid-scale-and-up hotel transactions across the US. These properties totaled over 73,500 keys, and can be explored in the interactive cluster map below: <span data-mce-type="bookmark" style=&am...
Blackstone Acquires Hotel Investment Partners and its Portfolio of 14 Coastal Resorts from Banco Sabadell in Spain
Blackstone Real Estate | October 18, 2017
October 18, 2017 - Blackstone Real Estate Partners Europe V ("Blackstone") announces that it has agreed to acquire Hotel Investment Partners ("HI Partners"), a leading Spanish hospitality company, from Banco Sabadell. HI Partners owns a portfolio of 14 primarily coastal hotels with over 3,700 rooms in Spain's most popular tourism destinations. Anthony Myers, Head of Real Estate Europe at Blackstone, said: "We are delighted to make another substantial investment in Spain and to have the opportunity to partner with the HI Partners management team, working with them to continue to execute their strategy of growing HI Partners into Spain's ...
Peachtree Hotel Group (PHG) Acquires Three Hotels in Colorado, Arizona and Wisconsin
Peachtree Hotel Group | September 13, 2017
ATLANTA, Sept. 13, 2017— Officials of Peachtree Hotel Group (PHG), one of the nation's fastest growing hotel investment and management platforms, today announced the separate, completed acquisitions of the 123-room Element Denver Park Meadows in Colo., the 135-room Hampton Inn Green Bay Downtown in Wis., and the 136-room Aloft Tempe in Ariz. "As we continue to grow our national footprint, we are increasingly focused on westward expansion," said Brent LeBlanc, senior vice president. "While we continue to have great faith in markets east of the Mississippi as evidenced by the Hampton Inn purchase, we believe there are numerous growt...
