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Investor Group Acquires Napa Valley’s Calistoga Ranch

Investor Group Acquires Napa Valley’s Calistoga Ranch

MILL VALLEY, Calif.—Auberge Resorts, a developer and operator of boutique luxury resorts and private clubs, announced the acquisition of the 50-room Calistoga Ranch, the award-winning Napa Valley luxury resort from Olympus Real Estate. Auberge was joined in the acquisition by ...

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Readying Your Hotel for Sale

Readying Your Hotel for Sale

With transaction volumes in early 2013 50 percent ahead of the level in early 2012, many owners today are asking themselves if this is the right time to sell. They see very low cost capital that is abundantly available, contributing ...

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MCR Development Acquires 26 Marriott and Hilton Hotels

NEW YORK—MCR Development LLC announced that it has acquired 26 Marriott and Hilton hotels from Western International for $430 Million. MCR will own and manage all 26 hotels, each of which will continue to operate under its respective Marriott or ...

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Urban Commons Purchases Two Hotels in San Mateo, Calif.

Urban Commons Purchases Two Hotels in San Mateo, Calif.

LOS ANGELES—Urban Commons announced the purchase of the 110-room Comfort Inn and the 110-room Holiday Inn in San Mateo, Calif. The hotels are located in the high-tech enclave of Silicon Valley which surrounds the San Francisco Bay Area. Urban Commons ...

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RLJ Lodging Trust Acquires Residence Inn in Atlanta

RLJ Lodging Trust Acquires Residence Inn in Atlanta

BETHESDA, Md.—RLJ Lodging Trust announced that it has acquired the 78-room Residence Inn Atlanta Midtown Historic located in Atlanta, Ga. In November 2009, the company purchased a mortgage loan collateralized by the hotel for approximately $5.0 million, or approximately $64,000 ...

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