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Marriott Completes Acquisition of Protea Hospitality

Marriott Completes Acquisition of Protea Hospitality

BETHESDA, Md., and Cape Town—Marriott International has become the largest hotel company in Africa according to published information, and has nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as ...

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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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Woodridge and Colony Acquire the Ritz-Carlton Kapalua Resort

Woodridge and Colony Acquire the Ritz-Carlton Kapalua Resort

MAUI, Hawaii—The Ritz-Carlton Kapalua Resort was sold to a partnership between Michael Rosenfeld’s Woodridge Capital Partners and Colony Capital and its affiliates including Colony Financial. The property, located on the island of Maui, is situated on 54 oceanfront acres, within ...

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Sage and Whitman Peterson Close Second Portfolio Acquisition

Sage and Whitman Peterson Close Second Portfolio Acquisition

DENVER—Sage Hospitality, a hotel investment and management companies in the U.S., announced the purchase of 11 hotels in partnership with Whitman Peterson. This purchase marks the second of a highly-focused investment venture between Sage and Whitman Peterson, wherein they plan ...

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