Big Deals, June 2005
By Staff -- HOTELS Magazine, 6/1/2005
| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| 32 - Property | 1.452 billion | 32 / N/A | 4 / 05 |
| CTF Hotel Portfolio Buyer: Sunstone Hotel Investors, Walton Street Capital And Marriott International Seller: CTF Holdings Comments: Marriott International or its subsidiaries operate 29 of the hotels under the Renaissance Hotels & Resorts brand and three of the hotels under the Courtyard by Marriott brand. |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| 30 - Property | 465 | 30 / 4,328 | 4 / 05 |
| CNL Hotel Portfolio Buyer: Ashford Hospitality Trust, Inc. Seller: CNL Hotels and Resorts Comments: The portfolio consists of 13 Residence Inns by Marriott; 6 Courtyards by Marriott; 7 TownePlace Suites by Marriott; and 4 SpringHill Suites by Marriott. |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Rihga Royal | N/D | 1 / 505 | 5 / 05 |
| New York City Buyer: Affiliates of Blackstone Real Estate Advisors Seller: Undisclosed |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Miramar Hotel | 43 | 1 / 213 | 5 / 05 |
| Montecito, California Buyer: Ty Warner Hotels & Resorts Seller: Morgans Hotel Group (MHG) Comments: Ty Warner Hotels & Resorts has said it intends to proceed with the renovation and development plans initiated by MHG. |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Sheraton Lisboa Hotel & Tower | N/D | 1 / 376 | 4 / 05 |
| Lisbon, Portugal Buyer: Sociedade de Construcoes Marope SA. Seller: Starwood Hotels & Resorts Worldwide, Inc. |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Westin Galleria | N/D | 1 / 432 | 4 / 05 |
| Dallas, TX Buyer: Galleria Investors, a fund advised by UBS Realty Investors LLC. Seller: Starwood Hotels & Resorts Worldwide, Inc. & Hines |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Tucancun Beach Resort & Villas | 31 | 1 / 332 | 4 / 05 |
| Cancun, Mexico Buyer: Highland Hospitality Corporation Seller: Private seller Comments: Barcelo Hotels & Resorts will manage the beachfront property as an all-inclusive resort under the Barcelo brand name. |
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N/D = not disclosed
N/A = not available
Source: Global Hospitality Resources, Inc., San Diego, CA Used with permission.
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