Big Deals, January 2007
By Staff -- HOTELS Magazine, 1/1/2007
| Property Name |
Est. Sales Price US$ M |
# of Rooms |
Month of Sale |
Buyer |
Seller |
Comments |
| Hilton Houston Westchase Hotel |
50.5 |
297 |
Jan-07 |
Interstate Hotels & Resorts |
Affilates of The Blackstone Group |
|
| LAX Renaissance Hotel |
65 |
499 |
Jan-07 |
Sunstone Hotel Investors, Inc. |
N/D |
|
| Marriot Courtyard, Paris (Neuilly-sur-Seine) |
N/D |
242 |
Jan-07 |
N/D |
JER Partners |
JER disposed of its 50% stake |
| Sheraton Wuxi Hotel and Towers, China |
N/D |
417 |
Dec-06 |
Park Hotel Strategic Investments Limited |
Singapore-Wuxi Investment Holdings Pte Ltd. |
Sale included adjoining Wuxi Garden City Mall retail complex |
| The Carlton Group of Hotels |
257.4 |
1,265 |
Dec-06 |
Mirvac and BOS International |
Carlton International Pty Ltd. |
|
| Westin Boston Waterfront Hotel |
330.3 |
793 |
Jan-07 |
DiamondRock Hospitality Company |
Boston Developer |
Acquisition of others assets included in sales price |
|
N/D = Not Disclosed
Copyright (c) 2007 Global
Hospitality Resources, Inc., San Diego, CA. Used with permission.
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