Category Archives: Acquisitions

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Lowe Acquires Aloft Hotel at EpiCentre/Charlotte

Lowe Acquires Aloft Hotel at EpiCentre/Charlotte

CHARLOTTE, N.C.—Lowe Enterprises Investors has acquired the Aloft Charlotte Uptown @ the EpiCentre on behalf of an investment client. The 175-room hotel is located on East Trade Street in the Uptown District of Charlotte, N.C. LEI affiliate Destination Management has ...

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Chatham, Northstar to Acquire $1.1B Hotel Portfolio

Chatham, Northstar to Acquire $1.1B Hotel Portfolio

PALM BEACH, Fla.—Chatham Lodging Trust today announced that it has acquired the recently re-opened 194-room Hyatt Place Denver/Cherry Creek for $32 million, or approximately $165,000 per room. In addition, the company has entered into a definitive agreement to acquire, through ...

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Vail Resorts Acquires Park City Mountain Resort

Vail Resorts Acquires Park City Mountain Resort

BROOMFIELD, Colo.—Vail Resorts Inc. has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash, subject to certain post-closing adjustments. The acquisition includes all of the assets of Greater Park City Company (GPCC), the land used ...

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Ashford Completes Acquisition of Fremont Marriott Silicon Valley

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45 percent below estimated replacement cost. The transaction was funded ...

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