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Trigild and Blu Hotel Investors Acquire Second Hotel

Trigild and Blu Hotel Investors Acquire Second Hotel

SAN DIEGO—Expanding their Southern California hotel portfolio, San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have completed the $16.5 million acquisition of the three-story, 100-room Holiday Inn Express Hotel & Suites in Santa Cruz. Trigild, a real estate services ...

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Rockbridge Acquires Cliff House Resort & Spa

Rockbridge Acquires Cliff House Resort & Spa

COLUMBUS, Ohio—Rockbridge has acquired The Cliff House Resort and Spa, a historic 166-room resort situated on 70 oceanfront acres atop Bald Head Cliff in Ogunquit, Maine’s south coast. Rockbridge, through a joint venture with Maine-based hoteliers Marc Dugas and Peter ...

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LaSalle Hotel Properties Acquires Hotel Vitale

LaSalle Hotel Properties Acquires Hotel Vitale

BETHESDA, Md.—LaSalle Hotel Properties has acquired Hotel Vitale in San Francisco, Calif., for $130 million. The company funded the acquisition with borrowings from its senior unsecured credit facility. The 200-room hotel is located at the intersection of the Embarcadero Waterfront ...

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Carey Watermark Acquires Hyatt Place Austin Downtown

Carey Watermark Acquires Hyatt Place Austin Downtown

NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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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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