Big Deals, June 2007
By Staff -- HOTELS Magazine, 6/1/2007
| Property
Name |
Est.
Sales Price US$ |
#
of Rooms |
Month
of Sale |
Buyer |
Seller |
Comments |
| Equity
Inns, Inc. (USA) |
2.2 bil.
|
15,731 |
4th Qtr 07
|
Affiliate of Whitehall Street
Global Real Estate Limited Partnership
|
Equity Inns, Inc.
|
|
| Crowne
Plaza SIAN Resort (Hollywood, FL) |
74 mil. |
311
|
June 07
|
MHI Hollywood LLC
|
MCZ/Centrum VI Owner, L.L.C.
|
|
| InterContinental
Chicago / Hyatt Regency La Jolla |
450 mil. |
1,211
|
3rd Qtr 07 |
GIC Real Estate Pte Ltd.
|
Strategic Hotels & Resorts
|
Acquired 49% interest.
Purchase price represents gross aggregate value. |
| Hotel
Grand Chancellor, Perth |
44 mil. |
272
|
June 07
|
Property Funds Australia Limited
|
Singapore-based company
|
The hotel is to be rebranded
Citigate Sebel Perth and will be operated by Mirvac
Hotels Pty Limited. |
Oasis
Resort, Cairns
|
38.5 mil. |
314
|
June 07
|
BRCP Oasis Land Pty Ltd and
BRCP Oasis Operations Pty
|
Sunleisure Operations Pty
Ltd.
|
|
| Swissotel
Sydney |
72 mil.
|
359 |
July 07 |
Abacus Property Group
|
Fairmont Raffles Holdings
International
|
|
|
N/D = Not Disclosed
Copyright (c) 2007 Global
Hospitality Resources, Inc., San Diego, CA. Used with permission.
View All Blogs
