Large US Hotel Sales of 2015…
Recently published by Real Estate Alert are the rankings for Large Hotel Sales and Portfolio Sales in 2015:
Properties (10 of 20 listed)
1. Waldorf Astoria – New York, NY – purchased for $1,950 MM by Anbang Insurance
2. New York Palace Hotel – NY – purchased for $805 MM by Lotte Group
3. Doubletree Times Square – NY – purchased for $540 MM by Maefield Development
4. Parc 55 Wyndham – San Francisco, CA – purchased for $525 MM by Hilton Worldwide
5. Manhattan Time Square (97% stak) – purchased for $519 MM by Al Rayyan Tourism
6. Fairmont San Francisco Hotel – CA – purchased for $450 MM by Mirae Asset
7. Phoenician – Scottsdale, AZ – purchased for $400 MM by Host Hotels & Resorts
8. London NYC – NY – purchased for $382 MM by Abu Dhabi Inv. Authority
9. Montage Laguna Beach – CA – purchased for $360 by Strategic Hotels & Resorts
10. Westin San Francisco – CA – purchased for $350 by LaSalle Hotel Properties
Portfolios (5 of 13 listed)
1. Three hotels, Orlando / Phoenix – purchased for $1,245 MM by Blackstone
2. Waldorf Astoria Orlando / Hilton Orlando – purchased for $760 MM by Hilton Worldwide
3. 89 hotels – purchased for $575 MM by Bestford Capital, Westmont
4. Casa Marina / Reach Resort – Key West, FL – purchased for $475 MM by Hilton Worldwide
5. 19 hotels – purchased for $330 MM by Blackstone