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Inland American and Kessler Enterprises Form Joint Ventures

Inland American and Kessler Enterprises Form Joint Ventures

OAK BROOK, Ill.—Inland American Lodging Group (IALG), a wholly owned subsidiary of Inland American Real Estate Trust (Inland American), announced that it has formed two new joint ventures for a combined investment of $68.5 million with Kessler Enterprises. The joint ...

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Hersha Hospitality Trust to Purchase Two Miami Beach Hotels

Hersha Hospitality Trust to Purchase Two Miami Beach Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has entered into a definitive agreement to purchase two Autograph Collection hotels in Miami’s South Beach. The purchase price for the South Beach Autograph Portfolio, which ...

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Pebblebrook Hotel Trust Acquires Radisson Fisherman’s Wharf

Pebblebrook Hotel Trust Acquires Radisson Fisherman’s Wharf

BETHESDA, Md.—Pebblebrook Hotel Trust announced that it has acquired the Radisson Hotel Fisherman’s Wharf and Retail for $132 million. The 355-room hotel, which includes approximately 44,000 square feet of street retail space, is located in the heart of Fisherman’s Wharf ...

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Chatham Lodging Acquires SpringHill Suites in Savannah

Chatham Lodging Acquires SpringHill Suites in Savannah

SAVANNAH, Ga.—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 160-room SpringHill Suites by Marriott Savannah Downtown/Historic District for $39.8 million, plus ...

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American Realty Capital NYRR Acquires Viceroy New York

American Realty Capital NYRR Acquires Viceroy New York

NEW YORK—American Realty Capital New York Recovery REIT (NYRR) announced today that it has acquired a leasehold interest in Viceroy New York located in Manhattan. NYRR acquired this newly constructed hotel for $148.5 million, exclusive of closing costs. The hotel ...

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