varde partners
Beverly Hills-Based Hawkins Way Capital Buys 655-Room Hotel in Midtown, Manhattan
Hawkins Way Capital | January 31, 2023
NEW YORK, Jan. 31, 2023-- Hawkins Way Capital, in a joint venture with Värde Partners, has acquired 525 Lexington Avenue in Midtown, Manhattan, comprising a 655-room, 406,261 square foot tower across 35 stories. A designated landmark building, the 1924-built property previously operated as a Marriott International branded hotel focused on corporate and business travel before closing at the onset of the Covid-19 Pandemic. "525 Lexington represents a compelling opportunity to increase our footprint in the heart of Manhattan at a favorable basis. We believe the property will benefit from an injection of fresh equity ...
Flynn Properties and Värde Partners Acquire 80% Interest in 89 Select Service and Extended Stay Hotels
Flynn Properties Inc. | November 21, 2022
SAN FRANCISCO & MINNEAPOLIS (November 21, 2022) – Flynn Properties Inc., owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partners, a leading global alternative investment firm, today announced that it has acquired an 80% joint venture interest in 89 select service and extended stay hotels in a $1.1 billion implied total enterprise value transaction from affiliates of Highgate and Cerberus Capital Management, L.P. (“Cerberus”). With properties located throughout the United States, the portfolio comprises 58 Marriott-branded hotels, 24 Hilton...
Flynn Properties and Värde Partners Form Joint Venture, Acquire 20 Select Service Hotels
Flynn Properties, Inc. | August 9, 2021
SAN FRANCISCO, CA and MINNEAPOLIS, MN – August 9, 2021 – Flynn Properties Inc., owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partners, a leading global alternative investment firm, today announced that it has acquired 20 select service hotels – 11 Marriott®- and nine Hilton®-branded locations – in a $211 million deal with Apple Hospitality REIT (NYSE: APLE), a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. The newly acquired ...
Westmont Hospitality Group and Varde Partners Acquire Washington, D.C.‘s University Inn from George Washington University
Savills Studley | December 14, 2016
WASHINGTON, D.C. (12.14.16) – Savills Studley's Capital Markets National Hospitality Group, led by Marc Magazine, Tom Baker, Justin Magazine, is pleased to announce that it has arranged the sale of the University Inn, a 95-room hotel at 824 New Hampshire Ave. NW in D.C.'s Foggy Bottom neighborhood. The buyer was Houston-based Westmont Hospitality Group and Varde Partners. Savills Studley represented the seller, George Washington University, in the transaction. The transaction officially closed on December 8, 2016. Located just one block from the Foggy Bottom Metro and two blocks from George Washington University and the Kennedy Ce...
