Big Deals, February 2006

By Staff -- HOTELS Magazine, 2/1/2006

Property Name	Est. Sales Price US$	# of Rooms	Month of Sale	Buyer	Seller
Fairmont Hotels & Resorts, Canada*	$3.9 billion	34,000	2nd Qtr	Kingdom Hotels International / Colony Capital	Fairmont Hotels & Resorts, Inc.
Casa de Sierra Nevada, San Miguel de Allende, Mexico	$8.4 million**	33	January, 06	Orient-Express Hotels Ltd.	Undisclosed
La Mansion Del Rio Hotel and Watermark Hotel & Spa, San Antonio, TX	Undisclosed	437	March, 06	Omni Hotels	Undisclosed
Westin Michigan Avenue, Chicago, IL	$215 million	751	January, 06	LaSalle Hotel Properties	Undisclosed
Portfolio of 9 Hotels and a Golf and Tennis Club, Florida	$367 million	1,948	1st Qtr	Affiliate of The Blackstone Group	MeriStar Hospitality Corporation
Westin Embassy Row, Sheraton Suites, Sheraton, DC, San Diego, Framingham (MA)	$146 million	843	January, 06	Pyramid Hotels Opportunity Venture II	Starwood Hotels & Resorts

*The total value of this transaction, including debt and the combination with Raffles, is expected to be approximately US$5.5 billion (or US$3.9 billion, without giving effect to the Raffles combination).
**Acquired a 75 percent interest.