2015 - LW Hospitality Advisors

- 2015
Q
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Birmingham Marriott
Birmingham
AL
295
$30,200,000
$102,373
Lone Star Funds
Vulcan Hotel LLC
Q1 Aloft Birmingham SoHo Square
Homewood
AL
111
$16,300,000
$146,847
Island Hospitality
Homewood Hotel Assoc. LLC
Q1 Hermosa Inn
Paradise Valley
AZ
34
$18,750,000
$551,471
Allred Capital LLC
JV Hermosa Inn Restaurant LLC & National
Western Capital Corp.
Q2 Chaparral Suites Resort
Scottsdale
AZ
312
$34,000,000
$108,974
Snyder Nationwide Real Estate
JV Silverfam L.P. & Chaparral Associates Inc.,
Q1 The Phoenician
Scottsdale
AZ
643
$400,000,000
$622,084
Host Hotels & Resorts
Starwood Hotels & Resorts Worldwide, Inc.
Q3 Holiday Inn Express Hotel & Suites
Tempe
AZ
128
$11,080,000
$86,563
Q2 Cypress Hotel
Cupertino
CA
224
$112,000,000
$500,000
Hilton Worldwide Holdings Inc.
N/A
Q3 Hotel Durant
Berkeley
CA
143
$47,000,000
$328,671
AJ Capital Partners
Gemstone Hotels and Resorts
Q1 SLS Beverly Hills
Beverly Hills
CA
297
$195,000,000
$656,566
Sunrider International
SBE
Q3 Ventana Inn & Spa
Big Sur
CA
59
$80,150,000
$1,358,475
JV Geolo Capital II LP & Wanxiang
America Real Estate Group, LLC
JV Oaktree Capital & Walton Street Capital
Q3 Courtyard Los Angeles Burbank Airport
Burbank
CA
190
$54,000,000
$284,211
Apple Hospitality REIT Inc.
Huntington Hotel Group
Q3 SpringHill Suites by Marriott
Burbank
CA
170
$60,000,000
$352,941
Apple Hospitality REIT Inc.
R.D. Olson Development
Q2 Hampton Inn
Cypress
CA
110
$20,000,000
$181,818
Apple Hospitality REIT, Inc.
N/A
Q2 Shorebreak Hotel
Huntington Beach CA
157
$58,500,000
$372,611
DiamondRock Hospitality Company
N/A
Q1 Hyatt Regency La Jolla at Aventine
La Jolla
417
$118,000,000
$282,974
JV Walton Street Capital & JMA
Ventures
JV Strategic Hotels & Resorts & Walton Street
Capital & Government of Singapore
LOCATION
PROPERTY
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
CA
T. 212.300.6684
E. [email protected]
JV PacVentures & RAR Hospitality Koehler Hospitality
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
1
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Strategic Hotels & Resorts, Inc.
Ohana Real Estate Investors LLC
RLJ Lodging Trust
N/A
Mani Brothers Real Estate Group
David Geffen
Q2 Montage Laguna Beach
Laguna Beach
CA
250
$360,000,000
$1,440,000
Q3 Residence Inn Palo Alto Los Altos
Los Altos
CA
156
$70,000,000
$448,718
Q2 Malibu Beach Inn
Malibu
CA
47
$80,000,000
$1,702,128
Q3 Hilton Garden Inn Marina Del Rey
Marina Del Rey
CA
134
$44,500,000
$332,090
Chatham Lodging Trust
N/A
Q3 Holiday Inn Express
Mill Valley
CA
100
$28,000,000
$280,000
Terrapin Investment & Management
Co.
JV Ultima Hospitality & Argosy Real Estate
Q3 TownePlace Newark Suites Hotel
Newark
CA
125
$24,500,000
$196,000
Holiday Garden SF Corp.
Moody National REIT I, Inc.
Q1 Oakland Marriott City Center
Oakland
CA
489
$84,000,000
$171,779
JV DiNapoli Capital Partners &
Apollo Global Management
CIM Group
Q1 Holiday Inn Express Hotel
Ontario
CA
120
$14,000,000
$116,667
SLK Capital LLC
GPT Desert Developers LLC
Q2 Embassy Suites Anaheim - Orange
Orange
CA
230
$48,400,000
$210,435
Archon Group
Lehman Brothers
Q3 Riviera Palm Springs
Palm Springs
CA
398
$44,000,000
$110,553
Apollo Global Management
Noble House Hotels & Resorts
Q3 Epiphany Hotel
Palo Alto
CA
86
$71,600,000
$832,558
PA Hotel Holdings LLC (Larry
Ellison)
Angelo, Gordon & Co.
Q2 Westin Pasadena
Pasadena
CA
350
$142,500,000
$407,143
Carey Watermark Investors
HEI Hotels & Resorts
Q3 Citizen Hotel
Sacramento
CA
198
$60,000,000
$303,030
Platinum Equity
Cal West Partners
Q1 Declan Suites
San Diego
CA
264
$50,030,000
$189,508
Marriott Ownership Resorts Inc.
NOIRO West LLC
Q2 Residence Inn San Diego DowntownGaslamp Quarter
San Diego
CA
240
$90,000,000
$375,000
Chatham Lodging Trust
J Street Hospitality
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
2
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Doubletree San Diego-Hotel Circle
San Diego
CA
219
$49,250,000
$224,886
Oak Coast Properties
Tarsadia Hotels
Q3 Courtyard San Diego Central
San Diego
CA
245
$56,000,000
$228,571
Apple Hospitality REIT, Inc.
Huntington Hotel Group
Q3 DoubleTree by Hilton San Diego Del Mar
San Diego
CA
240
$40,000,000
$166,667
Southwest Value Partners
Fillmore Capital
Q3 Hotel Z
San Diego
CA
96
$34,500,000
$359,375
Columbia West Properties, Inc.
J Street Hospitality, Inc.
Q1 Westin Market Street
San Francisco
CA
681
$350,000,000
$513,950
LaSalle Hotel Properties
N/A
Q2 Tuscan Fisherman’s Wharf, a Best
Western Plus Hotel
San Francisco
CA
221
$122,000,000
$552,036
Pebblebrook Hotel Trust
N/A
San Jose
CA
354
$53,500,000
$151,130
Aju Hotels and Resorts
Pacifica Companies
Q2 Bardessono Hotel & Spa
Yountville
CA
62
$85,000,000
$1,370,968
Ashford Hospitality Prime
Yountville Investors, LLC
Q4 Hyatt Regency Orange County
Garden Grove
CA
656
$137,000,000
$208,841
SCG America
Xenia Hotels & Resorts, Inc.
Q4 Courtyard Long Beach Airport
Long Beach
CA
159
$40,000,000
$251,572
JV Chartres Lodging Group LLC &
Artemis Real Estate Partners
Nexus Development Corporation
Q4 Azul Inn West Los Angeles
Los Angeles
CA
56
$14,500,000
$258,929
JV Excel Hotel Group & American
Pacific Homes Inc.
Beccaria Partners
Q4 Hotel Los Gatos
Los Gatos
CA
72
$28,750,000
$399,306
Greystone Hotels
Pinn Brothers Construction
Q4 Sofitel San Francisco Bay
Redwood City
CA
421
$154,500,000
$366,983
CBRE Strategic Partners U.S. Value JV Prudential Real Estate Investors & Lodging
7
Capital Partners
Q4 San Diego Airport Hilton
San Diego
CA
211
$37,700,000
$178,673
Bartell Hotels
Square Mile Capital Management LLC
Q4 Fairmont San Francisco
San Francisco
CA
592
$450,000,000
$760,135
Mirae Asset Global Investments
JV Oaktree Capital Management, Kingdom
Holding Company, Woodridge Capital Partners
Q2 Holiday Inn San Jose - Airport
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
3
- 2015
Q
LOCATION
PROPERTY
Q4 Sheraton Sunnyvale Hotel
1
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Sunnyvale
CA
174
$100,000,000
$574,713
Starwood Capital Group
Goldman Sachs Group
Q1 Hotel Jerome
Aspen
CO
93
$70,000,000
$752,688
Iconic Properties
DRW Real Estate
Q3 Bronco Billy's Casino and Hotel
Cripple Creek
CO
24
$30,000,000
$1,250,000
Full House Resorts
Pioneer Group, Inc.
Q2 Crowne Plaza Denver Downtown
Denver
CO
364
$77,250,000
$212,225
Hospitality Properties Trust
N/A
Q3 Element Denver Park Meadows Hotel
Lone Tree
CO
123
$15,500,000
$126,016
Denver Hospitality II, LLC
Starwood Hotels & Resorts Worldwide, Inc.
Q4 Embassy Suites by Hilton Denver
Denver
CO
403
$170,000,000
$421,836
Carey Watermark Investors 2
Q4 Inverness Hotel and Conference Center
Englewood
CO
302
$58,300,000
$193,046
Silverwest Hotels LLC
Pennsylvania State Teachers Retirement Fund
Q2 Inn at Middletown
Middletown
CT
100
$10,300,000
$103,000
LinChris Hotel Corp.
Middletown Hotel Associates
Q1 Westport Inn
Westport
CT
117
$14,500,000
$123,932
Building and Land Technology
Ranger Properties,
Q3 Hyatt Place DC / Downtown / K Street
Washington
DC
164
$68,000,000
$414,634
RLJ Lodging Trust
JV Songy Highroads LLC & Elliott
Management Corp.
Q3 Washington Marriott Georgetown
Washington
DC
470
$113,000,000
$240,426
Geller Investment Co.
Rockpoint Group LLC
Q2 St. Gregory Hotel & Suites
Washington, DC
DC
155
$57,000,000
$367,742
Hersha Hospitality Trust
N/A
Q4 The Quincy Hotel
Washington
DC
99
$22,500,000
$227,273
JV Red Lion Hotels Corp. &
Shelbourne Capital
Modus Hotels
Q2 Hilton Clearwater Beach
Clearwater
FL
416
$134,000,000
$322,115
Columbia Sussex Group
Blackstone Group
Q3 Las Palmas Hotel & Suites
Doral
FL
103
$15,900,000
$154,369
Schulte Hospitality Group
Baywood Hotels
Cornerstone Real Estate Advisors
1) Property approved for 168 room expansion.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
4
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q3 Las Palmas Hotel & Suites
Doral
FL
103
$15,900,000
$154,369
Schulte Hospitality Group
Baywood Hotels
Q2 Hampton Inn Fort Lauderdale Downtown
Las Olas
Fort Lauderdale
FL
156
$23,000,000
$147,436
Apple Hospitality REIT
City Center Hotel Group
Q2 Renaissance Fort Lauderdale Cruise Port
Hotel
Fort Lauderdale
FL
236
$48,100,000
$203,814
Noble Investment Group
Westbrook Partners
Fort Lauderdale,
FL
43
$10,000,000
$232,558
MW Lauderdale
N/A
Q2 Hampton Inn & Suites Gainesville
Gainesville
FL
124
$25,300,000
$204,032
Ashford Hospitality Trust
N/A
Q1 Lodge at Gainesville
Gainesville
FL
208
$12,100,000
$58,173
CrossHarbor Capital Partners LLC
N/A
Q1 Howard Johnson Hotel
Hialeah
FL
259
$21,900,000
$84,556
LinChris Hotel Corporation
Biscayne Atlantic Services LLC
Q1 Howard Johnson Plaza Hotel – Miami
Airport
Hialeah Gardens
FL
259
$21,900,000
$84,556
Linchris Hotel Corp
GW Hialeah Hotel
Q1 Hyatt Place Jacksonville Airport
Jacksonville
FL
127
$10,750,000
$84,646
BPR Properties
Peachtree Hotel Group
Q2 Sheraton Jacksonville Hotel
Jacksonville
FL
159
$15,800,000
$99,371
Peachtree Hotel Group
N/A
Q2 Marker Waterfront Resort
Key West
FL
96
$96,300,000
$1,003,125
LaSalle Hotel Properties
Northwood Investors
Q3 Sheraton Suites Key West
Key West
FL
184
$94,000,000
$510,870
DiamondRock Hospitality Co.
Ocean Properties
Marathon
FL
80
$10,500,000
$131,250
Baywood Hotels, Inc.
Peebles Corporation
Q1 Sheraton Miami Airport Hotel and
Executive Center
Miami
FL
405
$42,300,000
$104,444
Dune Real Estate Partners
Thayer Lodging
Q3 Hotel Indigo
Miami
FL
120
$18,630,000
$155,250
Integrated Capital LLC
JV Carlyle Group and Rodblu Investment Fund
1
Q3 Tropic Cay Hotel
2
Q2 Keys Bay Colony Resort
3
2) Hotel was closed at the time of sale. 3) Property was sold as part of an assemblage for the planned Four Seasons Hotel and Residences.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
5
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Holiday Inn Express Miami Airport Doral
Area
Miami
FL
103
$15,900,000
$154,369
Schulte Hospitality Group
Baywood Hotels
Q1 James Royal Palm
Miami Beach
FL
393
$278,000,000
$707,379
Chesapeake Lodging Trust
KSL Capital Partners
Q1 Clinton Hotel
Miami Beach
FL
88
$28,500,000
$323,864
Think Hotel Group
East Coast Realty Ventures
Q2 SLS Hotel South Beach
Miami Beach
FL
140
$125,000,000
$892,857
GoldenPeak Capital Real Estate
JV CIM Group& SBE Entertainment
Q2 Hilton Garden Inn Ft Lauderdale SW/
Miramar
Miramar
FL
149
$22,000,000
$147,651
Schulte Hospitality Group
MEI Hotels
Q2 Doubletree by Hilton Orlando at SeaWorld Orlando
FL
1102
$55,000,000
$49,909
AWH Orlando Property LLC
UrbanAmerica Advisors LLC
Q1 WOW Resort Universal Studios
Orlando
FL
334
$11,200,000
$33,533
N/A
N/A
Q3 Holiday Inn Orlando International Airport
Orlando
FL
288
$14,000,000
$48,611
JHM Hotels
FelCor Lodging Trust
Q3 Residence Inn Fort Lauderdale Pompano
Beach/Oceanfront
Pompano Beach
FL
88
$24,800,000
$281,818
Claremont Cos.
MIC Atlantis LLC
Q1 Holiday Inn Hotel & Suites
Sunrise
FL
300
$10,500,000
$35,000
Sawgrass Grand Fee Owner
Latitude Management Real Estate Investors
Q1 Hilton Garden Inn Tampa North
Temple Terrace
FL
148
$11,150,000
$75,338
JV Excel Group & Westport Capital
Partners LLC
Torchlight Loan Services LLC
Q4 Hilton Daytona Beach Resort Ocean Walk Daytona Beach
Village
FL
744
$92,250,000
$123,992
Starwood Capital Group
LNR Partners LLC
Q4 Holiday Inn Express & Suites MiamiHialeah (Miami Lakes)
Hialeah
FL
146
$12,000,000
$82,192
Burlington Hospitality Inc.
Sound Hospitality
Q4 Holiday Inn Port Of Miami-Downtown
Miami
FL
200
$65,000,000
$325,000
340 Biscayne Owner, LLC
Marina Park Inn, LLC
Q4 Coco Key Hotel & Water Resort
Orlando
FL
393
$15,100,000
$38,422
InSite Group
CNL Lifestyle Properties
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
6
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Alena Hospitality LBV LLC
Q4 Crowne Plaza Orlando Lake Buena Vista
Orlando
FL
241
$27,800,000
$115,353
TD Lake Buena Vista Hotel LLC
Q4 Renaissance by Marriott Orlando
Downtown4
Orlando
FL
291
$12,630,000
$43,402
JV AFP 109 Corp. and FAE Holdings Alena Hospitality LLC
Q4 Aloft Tampa Downtown
Tampa
FL
130
$30,000,000
$230,769
Pharos CB Hospitality, LLC
Liberty Tampa Investments, LLC
Q4 Best Western Bay Harbor
Tampa
FL
261
$34,500,000
$132,184
Equity Management Partners
Oxford Capital Group
Q4 Sheraton Riverwalk Tampa
Tampa
FL
277
$32,800,000
$118,412
Insite Group
Goldman Sachs Group
Q1 W Atlanta Downtown
Atlanta
GA
237
$56,800,000
$239,662
Ashford Hospitality Trust, Inc.
N/A
Q3 DoubleTree by Hilton Atlanta Downtown
Atlanta
GA
312
$42,100,000
$134,936
Legacy Property Group
Blackstone Group LP
Q3 Holiday Inn Express Augusta East
Augusta
GA
118
$10,300,000
$87,288
Narayan Augusta Hotel LLC
N/A
Q4 Hilton Atlanta
Atlanta
GA
1242
$146,000,000
$117,552
255 Courtland LLC
JV Westmont Hospitality Group & Ivanhoé
Cambridge
Q4 Hotel Indigo Atlanta Midtown
Atlanta
GA
140
$26,400,000
$188,571
Ashford Hospitality Trust
N/A
Q2 Fairmont Orchid, Hawaii
Waimea
HI
540
$220,000,000
$407,407
Mirae Asset Global Investments
JV Oaktree Capital Management & Woodridge
Capital Partners
Q2 Hampton Inn Des Moines-Airport
Des Moines
IA
120
$10,900,000
$90,833
Lightstone Value Plus Real Estate
Investment Trust III, Inc.
N/A
Q1 Waldorf Astoria
Chicago
IL
188
$113,000,000
$601,064
JV Wanxiang America Real Estate
Group & Geller Investment
Zell Credit Opportunity Master Fund LP
Q3 Talbott Hotel
Chicago
IL
149
$50,000,000
$335,570
Basil Kromelow
JV Sterling Bay & Conlon & Co.
Q2 Westin Hotel
Itasca
IL
408
$27,000,000
$66,176
GF Management
Blackstone Group
4) Hotel was closed at the time of sale.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
7
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Westin Hotel
Itasca
IL
408
$27,000,000
$66,176
GF Management
Blackstone Group
Q2 Hyatt Lisle
Lisle
IL
316
$18,900,000
$59,810
VinaKom Communications
JV Ares Management & Aimbridge Hospitality
Q2 Holiday Inn Hotel & Suites Chicago-O'Hare Rosemont
IL
300
$35,500,000
$118,333
Hospitality Properties Trust
N/A
Q4 Hilton Orrington
Evanston
IL
269
$60,000,000
$223,048
Olshan Properties
JVCarlyle Group & Dow Hotel Company
Q4 Westin O'Hare
Rosemont
IL
525
$82,000,000
$156,190
Clarion Partners
Clearview Hotel Capital
Q1 Hyatt Regency Indianapolis
Indianapolis
IN
499
$71,000,000
$142,285
JV Silverpeak Real Estate Partners
& Davidson Hotels & Resorts
Hyatt Hotels Corporation
Q3 Comfort Suites Newport
Newport
KY
124
$11,132,500
$89,778
JV Banyan Investment Group &
Investra Investments
Musselman Hotels
Q3 New Orleans Marriott Metairie Lakeway
Metairie
LA
220
$24,500,000
$111,364
Garrison Investment Group
Fillmore Capital Partners, LLC
Q2 Le Pavillon Hotel
New Orleans
LA
226
$62,500,000
$276,549
Ashford Hospitality Trust, Inc.
Brothers Property Corp.
Q3 AC Hotel New Orleans Bourbon/French
Quarter Area
New Orleans
LA
220
$60,000,000
$272,727
Pacific Hospitality Group
NewCrestImage LLC
Q4 Queen & Crescent Hotel
New Orleans
LA
196
$51,200,000
$261,224
JV KBS Strategic Opportunity REIT
II Inc. & EH Q&C LLC
JV Northview Hotel Group & Apollo Global
Management
Q2 Fairmont Battery Wharf Hotel
Boston
MA
150
$48,600,000
$324,000
JV Westmont Hospitality Group &
Bestford Hospitality Group
N/A
Q2 Hampton Inn Boston
Boston
MA
227
$57,000,000
$251,101
Moody National REIT I, Inc.
N/A
Q3 Hotel Commonwealth5
Boston
MA
149
$136,000,000
$912,752
Xenia Hotels & Resorts, Inc.
JV Sage Hospitality & Fundamental Advisors
LP
Q2 Sheraton Needham Hotel
Needham
MA
247
$54,000,000
$218,623
Ultima Hospitality
Host Hotels & Resorts
5) Property was sold as part of an assemblage for the planned Four Seasons Hotel and Residences.
.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
8
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Hampton Inn Boston-Norwood
Norwood
MA
139
$24,000,000
$172,662
Summit Hotel Properties, Inc.
JV First Bristol Corp. & Saunders Hotel Group
Q3 Doubletree Westborough
Westborough
MA
223
$28,000,000
$125,561
Ultima Hospitality
Investcorp
Q4 Ames Hotel
Boston
MA
114
$53,250,000
$467,105
JV Gencom Group & Gemstone
Hotels & Resorts
JV Normandy Real Estate Partners &
Contrarian Capital Management
Q4 Godfrey Hotel6
Boston
MA
242
$173,900,000
$718,595
Union Investment Real Estate
JV Oxford Capital Group & Walton Street
Capital
Q4 Holiday Inn Express Hotel & Suites
Boston Garden
Boston
MA
72
$24,500,000
$340,278
Bridgeton Holdings
Gemini Real Estate Advisors
Q4 Boston Marriott Burlington
Burlington
MA
418
$94,200,000
$225,359
JV Pyramid Hotel Group & Crow
Holdings
Cornerstone Real Estate Advisers
Q4 Le Meridien Cambridge
Cambridge
MA
220
$83,100,000
$377,727
Junson Capital
HEI Hotels & Resorts
Q4 Hilton Boston/Woburn
Woburn
MA
344
$32,100,000
$93,314
JV Davis Cos. & Rubicon Cos.
Columbia Sussex Corp.
Q3 Residence Inn Baltimore Hunt Valley
Hunt Valley
MD
141
$31,000,000
$219,858
Summit Hotel Properties Inc.
N/A
Q2 Crowne Plaza Minneapolis International
Airport-Mall of America Hotel
Bloomington
MN
430
$30,000,000
$69,767
Keading Management
JV Trinity Hotel Investors & BayNorth Capital
Q1 Westin Minneapolis
Minneapolis
MN
214
$66,400,000
$310,280
Carey Watermark Investors Inc.
HEI Hotels & Resorts
Q1 Hampton Inn & Suites Minneapolis
Downtown
Minneapolis
MN
211
$39,000,000
$184,834
Summit Hotel Properties, Inc.
M.A. Mortenson
Q2 Four Points by Sheraton Minneapolis
Airport
Richfield
MN
146
$12,500,000
$85,616
Gangl Hospitality
N/A
Q4 DoubleTree by Hilton Hotel Minneapolis Park Place
Minneapolis
MN
297
$37,320,000
$125,657
Mille Lacs Corporate Ventures
Investcorp
Q3 Hotel Indigo Asheville Downtown
Asheville
NC
115
$33,000,000
$286,957
Summit Hotel Properties, Inc.
Hospitality Lodging Investors, LP
6) Hotel scheduled to open winter 2015/16; transaction encompassed a sale lease/management back structure.
.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
9
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Courtyard by Marriott
Chapel Hill
NC
169
$28,100,000
$166,272
Noble Investment Group.
Winston Hospitality
Q2 Embassy Suites Charlotte
Charlotte
NC
274
$32,000,000
$116,788
SREE Hotels LLC
Felcor Lodging Trust
Q2 DoubleTree by Hilton Hotel RaleighDurham
Durham Airport at Research Triangle Park
NC
249
$33,000,000
$132,530
Southwest Value Partners
Driftwood Hospitality Management
Q2 Embassy Suites Raleigh - Crabtree
Raleigh
NC
225
$22,000,000
$97,778
JHM Hotels
FelCor Lodging Trust
Q3 Sheraton Raleigh Hotel
Raleigh
NC
353
$47,850,000
$135,552
Buccini/Pollin Group
JV Oaktree Capital Management & Northview
Hotel Group
Q4 Brookwood Inn
Durham
NC
148
$10,200,000
$68,919
JV Concord Hospitality Enterprises
& Finvarb Group
Seagate Hospitality Group
Q3 Colonial Inn
Concord
NH
56
$12,100,000
$216,071
Michael & Dorothy Harrington
Jurgen Demisch
Atlantic City
NJ
1399
$82,000,000
$58,613
Polo North Country Club Inc.
Revel AC, Inc.
Atlantic City
NJ
1300
$22,000,000
$16,923
Tower Investments, Inc.
Stockton University
Branchburg
NJ
101
$25,700,000
$254,455
Summit Hotel Properties, Inc.
N/A
Las Vegas
NV
2075
$182,500,000
$87,952
Las Vegas Convention and Visitors
Authority
Riviera Holdings Corporation
Q2 Hooters Casino Hotel
Las Vegas
NV
696
$53,800,000
$77,299
Trinity Hotel Investments
Canyon Capital Advisors
Q2 Tropicana Hotel and Casino
Las Vegas
NV
1500
$360,000,000
$240,000
Penn National Gaming Inc.
Onex Corp.
Q3 Renaissance Las Vegas
Las Vegas
NV
548
$125,000,000
$228,102
Wheelock Street Capital
Jackson Shaw Company
Q4 Westin Lake Las Vegas
Henderson
NV
493
$25,000,000
$50,710
Pacifica Cos.
N/A
Q1 Revel Casino Hotel
7
Q3 Showboat Casino Hotel
8
Q3 Residence Inn Bridgewater Branchburg
Q2 Riviera Hotel & Casino
9
7) Hotel was closed at the time of sale. 8) Hotel was closed at the time of sale. 9) LVCVA plans to close the complex and raze the current structure to make way for a new 750,000 square foot convention exhibit space
that would extend the Las Vegas Convention.
.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
10
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q2 Clarion Hotel La Guardia Airport
East Elmhurst
NY
172
$18,000,000
$104,651
9400 Realty, LLC
LNR Property LLC
Q1 Holiday Inn Manhattan View
Long Island City
NY
136
$21,900,000
$161,029
U.S. Realty Advisors
Queens Plaza North
Q1 Mondrian Soho
New York
NY
270
$200,000,000
$740,741
Sapir Organization
Sochin Downtown Realty
Q2 Baccarat Hotel
New York
NY
114
$230,000,000
$2,017,544
Sunshine Insurance Group Co.
JV Starwood Capital Group LLC & Tribeca
Associates
Q1 Herald Square Hotel
New York
NY
96
$38,500,000
$401,042
Mitchell Holdings
Puchall Family
Q1 Marriott East Side
New York
NY
655
$270,000,000
$412,214
JV Ashkenazy Acquisition Corp. &
Deka Immobilien
Morgan Stanley
Q1 New York Palace Hotel
New York
NY
909
$805,000,000
$885,589
Lotte Group
Northwood Investors
Q3 Element New York Times Square West
New York
NY
411
$163,500,000
$397,810
Ascott Residence Trust
Management Ltd
JV Magna Hospitality & Greenfield Partners
Q4 Hudson Valley Resort and Spa
Kerhonkson
NY
322
$13,800,000
$42,857
N/A
Kennedy Funding Inc.
Q4 Panoramic View Resort & Residences
Montauk
NY
117
$63,900,000
$546,154
JV BLDG Management & Metrovest
93 Old Montauk Owners, Inc.
Q4 Best Western Plus Seaport Inn Downtown New York
NY
72
$38,300,000
$531,944
Howard Hughes Corporation
Gemini Real Estate Advisors
Q4 Carlton Hotel, Autograph Collection
New York
NY
317
$162,100,000
$511,356
GFI Capital Resources Group
Wolfson Group
Q4 DoubleTree Suites by Hilton Hotel New
York City - Times Square
New York
NY
468
$540,000,000
$1,153,846
Maefield Development
Sunstone Hotel Investors Inc.
Q4 Jade Hotel Greenwich Village
New York
NY
113
$78,000,000
$690,265
Bridgeton Acquisitions LLC
Gemini Real Estate Advisors
Q4 London Hotel
New York
NY
563
$382,000,000
$678,508
Abu Dhabi Investment Authority
Blackstone Group
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
11
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q4 Martha Washington Hotel
New York
NY
256
$158,000,000
$617,188
CIM Group
Chelsea Hotels
Q4 Wingate Manhattan
New York
NY
92
$37,200,000
$404,348
N.Y. Times Square Hotel Group
Ocean King LLC
Q4 Wyndham Garden Flatiron District
New York
NY
124
$60,000,000
$483,871
Fortuna 37 West 24th Street LLC
Gemini Real Estate Advisors
Q4 Inns at Armory Square
Syracuse
NY
180
$42,000,000
$233,333
Apple Hospitality REIT Inc.
Inns at Armory Square LLC
Q3 Renaissance Cleveland Hotel
Cleveland
OH
491
$18,600,000
$37,882
Skyline International Development,
Inc.
CTF Development, Inc.
Q3 Hilton Garden Inn Cleveland Downtown
Cleveland
OH
240
$16,600,000
$69,167
JV Starwood Capital Group &
Schulte Hospitality Group, Inc.
N/A
Q1 Residence Inn Columbus Dublin
Dublin
OH
100
$11,150,000
$111,500
Schulte Hospitality Group
Midas Hospitality LLC
Q4 Embassy Suites Columbus
Columbus
OH
221
$14,050,000
$63,575
JV Kana Hotel Group & Frontier
Development and Hospitality Group
RLJ Lodging Trust
Q4 Hilton Eugene
Eugene
OR
269
$44,000,000
$163,569
Rockbridge Capital
Davidson Hotels & Resorts
Q3 Cambria Hotel & Suites Pittsburgh
Pittsburgh
PA
142
$16,750,000
$117,958
Meyer Jabara Hotels
Horizon Properties
Q3 Hampton Inn
Wyomissing
PA
142
$16,000,000
$112,676
JV Wankawala Organization & Ayer Blenheim Hospitality LLC
Capital Advisors
Q4 Radisson Philadelphia Northeast
Trevose
PA
274
$15,000,000
$54,745
TJM Atlantic City
Haverford Hotel Partners LP
Q3 Hampton Inn & Suites
Greenville/Spartanburg I-85
Duncan
SC
133
$11,325,000
$85,150
Daly Seven, Inc.
Piedmont Hotel Group
Q2 Memphis Marriott East
Memphis
TN
232
$43,500,000
$187,500
Ashford Hospitality Trust, Inc.
N/A
Q3 Crowne Plaza Memphis Downtown
Memphis
TN
230
$12,600,000
$54,783
CP Memphis Hotel LLC
General Electric Real Estate Equities Inc.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
12
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q1 Courtyard Nashville Downtown
Nashville
TN
192
$56,500,000
$294,271
Carey Watermark Investors 2 Inc.
Worthington Hyde Partners
Q2 Embassy Suites Nashville
Nashville
TN
208
$66,300,000
$318,750
Moody National REIT I, Inc.
N/A
Q4 Aloft Nashville West End
Nashville
TN
160
$34,750,000
$217,188
AIG Global Real Estate
JV Winston Hotels & Archon Capital
Q1 Lakeway Resort & Spa
Austin
TX
168
$33,500,000
$199,405
Ashford Hospitality Trust
JV Carlye Group & Dow Hotel Co.
Q2 Four Seasons Austin
Austin
TX
291
$197,000,000
$676,976
Strategic Hotels & Resorts Inc.
JV Lodging Capital Partners & Prudential Real
Estate Investors
Q2 Homewood Suites by Hilton AustinSouth/Airport
Austin
TX
96
$14,250,000
$148,438
Moody National REIT I, Inc.
Alex. Brown Realty
Q1 Embassy Suites Hotel – San Antonio
Airport
San Antonio
TX
261
$29,500,000
$113,027
N/A
FelCor Lodging Trust Inc.
Q4 Residence Inn Austin-University Area
Austin
TX
112
$25,500,000
$227,679
Moody National REIT II, Inc.
N/A
Alexandria
VA
197
$17,700,000
$89,848
Wright Investment Properties
Hoffman Co.
Q3 Homewood Suites by Hilton RichmondWest End/Innsbrook
Glen Allen
VA
123
$11,000,000
$89,431
Shamin Hotels
Blackstone Group LP
Q4 Hyatt Fairfax at Fair Lakes
Fairfax
VA
316
$19,500,000
$61,709
Songy Highroads
JBG Cos.
Q4 Ritz-Carlton, St. Thomas
Saint Thomas
VI
180
$64,000,000
$355,556
Ashford Hospitality Prime, Inc.
Marriott International Inc.
Q1 Red Lion Hotel Bellevue
Bellevue
WA
181
$35,400,000
$195,580
Wig Properties
Red Lion Hotels Corp.
Q2 Heathman Hotel Kirkland
Kirkland
WA
91
$17,500,000
$192,308
Beccaria Partners
N/A
Q3 Homewood Suites Seattle/Lynnwood
Lynnwood
WA
170
$37,900,000
$222,941
RLJ Lodging Trust
Legacy Hospitality Inc.
Q2 Holiday Inn at Hoffman Town Center
10
10) Hotel was closed at the time of sale.
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
13
- 2015
Q
LOCATION
PROPERTY
# OF
ROOMS
ESTIMATED
SALES PRICE
ESTIMATED
PRICE/ROOM
BUYER
SELLER
Q1 Mayflower Park Hotel
Seattle
WA
160
$20,000,000
$125,000
JV Provenance Hotels & NBP
Capital
Temple De Hirsch Sinai
Q2 DoubleTree Milwaukee-Brookfield
Brookfield
WI
177
$10,200,000
$57,627
IPD Hospitality Inc.
Aimbridge Hospitality
DANIEL H. LESSER
PRESIDENT & CEO
200 WEST 41ST STREET SUITE 805
NEW YORK, NY 10036
T. 212.300.6684
E. [email protected]
WWW.LWHOSPITALITYADVISORS.COM
Source: LW Hospitality Advisors (LWHA) has compiled the above information from sources deemed reliable, and the information is thought to be correct, however LWHA cannot warrant absolute accuracy of all the
data. Use of this information without verification from original sources is at your own risk.
14