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FelCor Completes Exchange of 10 Joint Ventures Hotels

FelCor Completes Exchange of 10 Joint Ventures Hotels

IRVING, Texas—FelCor Lodging Trust Incorporated announced that it unwound joint ventures that owned 10 non-strategic hotels. Through an exchange of interests, FelCor now owns five of those hotels outright, and its joint venture partner owns the other five. The company ...

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Hard Rock Hotel in Palm Springs Raises $1.5M

Hard Rock Hotel in Palm Springs Raises $1.5M

PALM SPRINGS, Calif. and LOS ANGELES—Realty Mogul, along with Kittridge Hotels & Resorts LLC, announced today that stakes in the Hard Rock Hotel in Palm Springs are officially sold out. The Hard Rock Hotel in Palm Springs is the first ...

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RLJ Lodging Trust Acquires Hyatt Atlanta Midtown

RLJ Lodging Trust Acquires Hyatt Atlanta Midtown

BETHESDA, Md.—RLJ Lodging Trust today announced that it has acquired the 194-room Hyatt Atlanta Midtown located in Atlanta, Ga., for a purchase price of $49.5 million, or approximately $255,000 per key. The purchase price represents a forward capitalization rate of ...

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Loews Completes Acquisition of Graves 601 Hotel

Loews Completes Acquisition of Graves 601 Hotel

NEW YORK, N.Y.—Loews Hotels & Resorts has completed the acquisition of the 255-room Graves 601 Hotel Wyndham Grand. Located at the center of the business, theater, and entertainment districts in the heart of downtown Minneapolis, the former Graves Hospitality property ...

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