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Carey Watermark Acquires Courtyard Times Square West

Carey Watermark Acquires Courtyard Times Square West

NEW YORK—Carey Watermark Investors Incorporated, a non-traded real estate investment trust focused on investing in lodging properties, announced that it has acquired the Courtyard Times Square West, a 224-room select-service hotel in Midtown Manhattan. CWI’s total investment in the property ...

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Carey Watermark Acquires Hyatt Place Austin Downtown

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 Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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Inland American Acquires Two Andaz Hotels

Inland American Acquires Two Andaz Hotels

OAK BROOK, Ill.—Inland American Lodging Group (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust (“Inland American”), and Hyatt Hotels Corporation announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, ...

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Inland American Purchases Two Westin Hotels for $220 Million

Inland American Purchases Two Westin Hotels for $220 Million

OAK BROOK, Ill.—Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced that it has acquired two Westin hotels located in Houston’s Galleria District, for approximately $220 million. The 24-story Westin Galleria includes ...

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Lubert-Adler Sells Two Hotels to Carey Watermark Investors

Lubert-Adler Sells Two Hotels to Carey Watermark Investors

PHILADELPHIA—Lubert-Adler of Philadelphia, Penn., has sold two hotels comprising 647 keys to New York City-based Carey Watermark Investors for a total of $156.6 million. The most recent sale, which closed this week, was the 400-room Marriott Raleigh City Center, which ...

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