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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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Noble Acquires Hyatt Place Houston Sugar Land

Noble Acquires Hyatt Place Houston Sugar Land

HOUSTON—Noble Investment Group today announced the acquisition of Hyatt Place Houston Sugar Land. The hotel, which opened in 2010, is located in the prominent Sugar Land area, which is southwest of downtown Houston. “The Houston MSA continues to be a ...

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Hyatt Completes Acquisition of Park Hyatt New York

Hyatt Completes Acquisition of Park Hyatt New York

CHICAGO—Hyatt Hotels Corporation has announced that a wholly owned Hyatt subsidiary acquired 100 percent of the 210-room Park Hyatt New York for approximately $390 million, inclusive of pre-opening and related costs. Park Hyatt New York is expected to open later ...

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Starwood Capital Group Acquires The Roxburghe Hotel

Starwood Capital Group Acquires The Roxburghe Hotel

GREENWICH, Conn.—Starwood Capital Group announced that it has acquired, through a controlled affiliate, The Roxburghe, a landmark hotel in Edinburgh, Scotland. Terms of the transaction were not disclosed. The Roxburghe comprises a series of townhouses originally built in 1791, as ...

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Noble Investment Group Acquires Miami SpringHill Suites by Marriott

Noble Investment Group Acquires Miami SpringHill Suites by Marriott

MIAMI—Noble Investment Group announced the acquisition of the SpringHill Suites by Marriott Miami Airport South. The property, which recently completed a comprehensive renovation, will be the second Miami hotel in Noble’s portfolio. “This acquisition expands Noble’s footprint in Miami’s Airport ...

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