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Strategic Hotels and Resorts Completes Exit from Europe

Strategic Hotels and Resorts Completes Exit from Europe

CHICAGO—Strategic Hotels and Resorts Inc. has announced the closing of the sale of the Marriott London Grosvenor Square hotel and the acquisition of the remaining 50 percent ownership interest in the Fairmont Scottsdale Princess. Combined with the previously completed sale ...

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RLJ Lodging Trust Acquires 10-Hotel Portfolio

RLJ Lodging Trust Acquires 10-Hotel Portfolio

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that their affiliates have closed on the previously announced purchase and sale of 10 Hyatt, Hyatt Place, and Hyatt House hotels, totaling 1,560 rooms. Hyatt affiliates will manage the hotels under ...

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AHIP Closes $37.1 Million Hotel Portfolio Acquisition

AHIP Closes $37.1 Million Hotel Portfolio Acquisition

VANCOUVER—American Hotel Income Properties REIT LP announced the closing of its previously announced acquisition of a portfolio of four hotel properties located in Virginia for an aggregate purchase price of approximately $37.1 million, including up to $1.6 million for defeasance ...

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Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced that the company has entered into a definitive agreement to sell the Hotel 373 located in midtown Manhattan. The 70-room hotel is being sold to an offshore investment ...

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