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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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Inland American Purchases Hyatt Key West Resort and Spa

Inland American Purchases Hyatt Key West Resort and Spa

OAK BROOK, Ill.—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, and Hyatt Hotels Corporation announced that Inland American has purchased Hyatt Key West Resort and Spa in Key West, Fla., from a Hyatt affiliate ...

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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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