w p carey
NewcrestImage Acquires Three Courtyard by Marriott Hotels at Major Airports
NewcrestImage | October 18, 2023
NewcrestImage is acquiring three Courtyard by Marriott hotels from W.P. Carey, a real estate investment trust with headquarters in New York City. Two properties – at Albuquerque International Sunport and at Indianapolis International Airport – have already closed, while the third property at Chicago O’Hare International Airport is expected to close in early November. “These hotels, with their strategic airport locations in high-traffic markets, offer significant opportunities for growth,” said Mehul Patel, Managing Partner and CEO of NewcrestImage. “To fully capture this upside potential, all three properties will undergo fu...
W. P. Carey Inc. Acquires Portfolio of Six Courtyard by Marriott Hotels for $52 Million
W. P. Carey Inc. | November 18, 2015
Six established Courtyard by Marriott™ properties on 11-year triple-net lease NEW YORK, Nov. 18, 2015 -- W. P. Carey Inc. (NYSE: WPC), a real estate investment trust specializing in corporate sale-leaseback and build-to-suit financing, and the acquisition of single-tenant net lease properties, announced today that it has acquired a portfolio of six Courtyard by Marriott™ hotels for approximately $52 million. The portfolio is triple-net leased to a wholly-owned subsidiary of Marriott International, Inc. (Marriott International). Key Facts Industry-leading, established parent: In the hotel business since 1957, what is today M...
