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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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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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