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Inland American Acquires Loews New Orleans

Inland American Acquires Loews New Orleans

OAK BROOK, Ill.—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, announced that it has acquired the 21-story, 285-room Loews New Orleans for a purchase price of $74.5 million, or approximately $261,000 per key. Loews ...

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Chatham Lodging Expands with Denver Acquisition

Chatham Lodging Expands with Denver Acquisition

PALM BEACH, Fla.—Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium branded, select-service hotels, announced that it has acquired the 180-room Hilton Garden Inn Denver Tech Center for a purchase ...

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Inland American Acquires Two Andaz Hotels

Inland American Acquires Two Andaz Hotels

OAK BROOK, Ill.—Inland American Lodging Group (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust (“Inland American”), and Hyatt Hotels Corporation announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, ...

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AR Capital Purchases Majority Stake in Crestline

AR Capital Purchases Majority Stake in Crestline

NEW YORK—AR Capital, LLC announced that it has completed the purchase of a controlling interest in Crestline Hotels and Resorts from Grupo Barcelo, a hotel company in its third generation of family ownership headquartered in Majorca, Spain. Crestline currently manages ...

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Inland American Purchases Two Westin Hotels for $220 Million

Inland American Purchases Two Westin Hotels for $220 Million

OAK BROOK, Ill.—Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced that it has acquired two Westin hotels located in Houston’s Galleria District, for approximately $220 million. The 24-story Westin Galleria includes ...

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