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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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Lowe Acquires Aloft Hotel at EpiCentre/Charlotte

Lowe Acquires Aloft Hotel at EpiCentre/Charlotte

CHARLOTTE, N.C.—Lowe Enterprises Investors has acquired the Aloft Charlotte Uptown @ the EpiCentre on behalf of an investment client. The 175-room hotel is located on East Trade Street in the Uptown District of Charlotte, N.C. LEI affiliate Destination Management has ...

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Chatham, Northstar to Acquire $1.1B Hotel Portfolio

Chatham, Northstar to Acquire $1.1B Hotel Portfolio

PALM BEACH, Fla.—Chatham Lodging Trust today announced that it has acquired the recently re-opened 194-room Hyatt Place Denver/Cherry Creek for $32 million, or approximately $165,000 per room. In addition, the company has entered into a definitive agreement to acquire, through ...

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