Big Deals, March 2007
By Staff -- HOTELS Magazine, 3/1/2007
| Property Name |
Est. Sales Price US$ |
# of Rooms |
Month of Sale |
Buyer |
Seller |
Comments |
| 91 Accor Hotels, Germany and the Netherlands |
1,149 million |
12,000 |
Mar-07 |
Moor Park Real Estate |
Accor |
|
| Mandarin Oriental, New York |
340 million |
248 |
Dec-06 |
Istithmar Hotels |
Mandarin Oriental Hotel Group / Apollo Real Estate and Related |
Purchased 73 per cent of the property |
| Sheraton(R) Grande Tokyo Bay Hotel |
N/D |
802 |
Feb-07 |
Starwood Hotels & Resorts Worldwide, Inc.(R) / Morgan Stanley Real Estate |
Taisei Corporation Group |
|
| Villa Del Sol Resort, Zihuatanejo |
N/D |
35 rooms
35 suites |
Mar-07 |
Kor Hotel Group |
Helmut Leins |
|
| Sahara Hotel & Casino |
N/D |
1,700 |
Mar-07 |
SBE and Stockbridge |
Gordon Gaming |
|
|
N/D = Not Disclosed
Copyright (c) 2007 Global Hospitality Resources, Inc., San Diego, CA. Used with permission.
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