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RLJ Lodging Trust to Acquire Hilton Cabana Miami Beach

RLJ Lodging Trust to Acquire Hilton Cabana Miami Beach

BETHESDA, Md.—RLJ Lodging Trust announced that it has entered into a purchase and sale agreement to acquire upon completion the 231-room Hilton Cabana Miami Beach for a fixed purchase price of $71.6 million, or approximately $310,000 per key. The property ...

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Modus Hotels Acquires Brookshire Suites in Downtown Baltimore

Modus Hotels Acquires Brookshire Suites in Downtown Baltimore

WASHINGTON, D.C.—Modus Hotels announced it has acquired the 97-suite Brookshire Suites, Modus’ first hotel in downtown Baltimore and its third hotel acquisition of 2012. The company will invest several million dollars to fully renovate and re-concept the property and incorporate ...

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Fertitta Acquires Casino Hotel in Biloxi

HOUSTON—Tilman J. Fertitta, sole owner, chairman and CEO of Landry’s, Inc., parent company of the Golden Nugget Las Vegas, Atlantic City, and Laughlin, announced that Fertitta Entertainment completed the acquisition of the Isle Casino in Biloxi. “We’ve been looking to ...

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Sale of New York’s Plaza Hotel is Complete

NEW YORK—Sahara India Pariwar, an India-based conglomerate, completed the purchase of a 75 percent interest in the Plaza Hotel New York from real estate company El Ad US Holdings’ position in the hotel with a total valuation of $575 million. ...

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