Tag: hotel acquisition
Pebblebrook Hotel Trust Acquires the Prescott Hotel
BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Prescott Hotel for $49 million. The 160-room hotel is located in the heart of Union Square in...
Classic Hotels & Resorts Acquires Laguna Cliffs Inn
Phoenix, Ariz.—Classic Hotels & Resorts has acquired The Laguna Cliffs Inn located in Laguna Beach, Calif. The boutique property is the newest addition to...
Trigild and Blu Hotel Investors Acquire Second Hotel
SAN DIEGO—Expanding their Southern California hotel portfolio, San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have completed the $16.5 million acquisition of the...
LaSalle Hotel Properties Acquires Hotel Vitale
BETHESDA, Md.—LaSalle Hotel Properties has acquired Hotel Vitale in San Francisco, Calif., for $130 million. The company funded the acquisition with borrowings from its...
Carey Watermark Acquires Hyatt Place Austin Downtown
NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired...