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Urban Commons Purchases 333-room Sheraton in Pasadena

Urban Commons Purchases 333-room Sheraton in Pasadena

LOS ANGELES—Urban Commons, together with Brighton Management, announced today the purchase of the 333-room Sheraton Pasadena. The full-service hotel is located in the premier vacation and group/corporate meeting destination of Pasadena and is the only hotel directly adjacent to the ...

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Trump Purchases Doonbeg Golf Club in Ireland

Trump Purchases Doonbeg Golf Club in Ireland

NEW YORK—The Trump Organization announced the purchase of the Doonbeg Golf Club in County Clare, Ireland. The acquisition, which was highly sought after by many major hotel and golf companies, marks the 16th golf club in the Trump Portfolio and ...

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Lodging Dynamics Acquires First Hotel Through New Fund

Lodging Dynamics Acquires First Hotel Through New Fund

PROVO, Utah—Lodging Dynamics Hospitality Group announced its first acquisition through the company’s affiliated equity fund, LD Hotel Group I LLC. The fund is raising $60,000,000 to fund future acquisitions. The fund purchased its first hotel today, a 102-room Staybridge Suites ...

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Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Hospitality Prime Inc. announced that it has signed a definitive agreement to acquire the 415-room Sofitel Chicago Water Tower for a total consideration of $153 million in cash ($369,000 per key). The company expects to close the acquisition in ...

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RLJ to Acquire 10-Hotel Portfolio From Hyatt

RLJ to Acquire 10-Hotel Portfolio From Hyatt

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that Hyatt affiliates have entered into a definitive purchase and sale agreement for RLJ to acquire a portfolio of 10 hotels totaling 1,560 rooms consisting of Hyatt, Hyatt Place, and Hyatt ...

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