Category Archives: Acquisitions

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Rockbridge Acquires Cliff House Resort & Spa

Rockbridge Acquires Cliff House Resort & Spa

COLUMBUS, Ohio—Rockbridge has acquired The Cliff House Resort and Spa, a historic 166-room resort situated on 70 oceanfront acres atop Bald Head Cliff in Ogunquit, Maine’s south coast. Rockbridge, through a joint venture with Maine-based hoteliers Marc Dugas and Peter ...

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LaSalle Hotel Properties Acquires Hotel Vitale

LaSalle Hotel Properties Acquires Hotel Vitale

BETHESDA, Md.—LaSalle Hotel Properties has acquired Hotel Vitale in San Francisco, Calif., for $130 million. The company funded the acquisition with borrowings from its senior unsecured credit facility. The 200-room hotel is located at the intersection of the Embarcadero Waterfront ...

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Carey Watermark Acquires Hyatt Place Austin Downtown

Carey Watermark Acquires Hyatt Place Austin Downtown

NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

BETHESDA, Md.—RLJ Lodging Trust has sold an additional non-strategic hotel, the 182-room Hilton Mystic in Mystic, Conn., for approximately $14.1 million or $77,200 per key. The sale price represents approximately a 7.4 percent capitalization rate on the hotel’s projected 2014 ...

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