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Hyatt Announces Sale of Park Hyatt Washington

Hyatt Announces Sale of Park Hyatt Washington

CHICAGO—Hyatt Hotels Corporation and Westmont Hospitality Group announced that a Hyatt affiliate has sold the 216-room Park Hyatt Washington to a venture comprised of Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group, for approximately $100 ...

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Average Selling Price Per Room on the Rise

Average Selling Price Per Room on the Rise

The competition for properties in certain markets is heating up among buyers, as REITs and private equity groups with similar strategic objectives compete for large, high-end hotels in the central business districts of major cities—key areas that have experienced a ...

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Hyatt Announces Sale of 38 Select-Service Hotels

Hyatt Announces Sale of 38 Select-Service Hotels

CHICAGO—Hyatt Hotels Corporation announced that Hyatt affiliates have agreed to sell 38 hotels to a company organized by Lone Star Funds for approximately $590 million. The portfolio of 38 hotels consists of Hyatt Place and Hyatt House hotels totaling 4,950 ...

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IHG to Sell InterContinental Paris – Le Grand for $442M

IHG to Sell InterContinental Paris – Le Grand for $442M

InterContinental Hotels Group today announces that it has received a binding offer from Constellation Hotels Holding Limited to acquire InterContinental Paris – Le Grand. The proposed purchase price is $442 million, payable in cash at completion. Constellation has made a ...

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