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Big Deals - January 2008

-- Hotels, 1/1/2008 8:12:00 AM

Property Name Est. Sales Price US$ # of Rooms Month of Sale Buyer Seller Comments
Westin Excelsior (Venice Lido),
Hotel Des Bains (Venice Lido),
Villa Cipriani (Asolo)
229 mil. Undisclosed 4th Qtr 2008 EST Capital Starwood Hotels & Resorts Worldwide, Inc. Some additional office, retail and storage facilities included in sale. The sale is subject to customary closing conditions.
The Royal Garden Hotel and Spa, Waikiki, Hawaii Undisclosed 140 Jan 08 Wyndham Vacation Ownership The Royal Hotel & Spa, LLC.  
Westin La Cantera Resort, San Antonio, Texas 252.5 mil. 508 2nd Qtr 2008 Gaylord Entertainment Company Undisclosed  
JW Marriott New Orleans, New Orleans, Louisiana 67.5 mil. 487 Jan 08 Undisclosed Ashford Hospitality Trust, Inc.  
Hyatt Regency New Orleans, New Orleans, Louisiana 32 mil. Undisclosed Dec 07 Poydras Properties Hotel Holdings Co., LLC. Strategic Hotels & Resorts, Inc.  
Marriott Munich Undisclosed 348 Jan 08 JER Partners Undisclosed  
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