Big Deals, July 2005
By Staff -- HOTELS Magazine, 7/1/2005
| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Aston Waikiki Beach Hotel | $107,000,000 | 716 | 6/1/2005 |
| Honolulu Buyer: Gaylord Entertainment Co. Seller: Undisclosed |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Hotel Danieli | $244,000,000 | 233 | 4th Qtr, 2005 |
| Venice Buyer: The Statuto Group Seller: Starwood Hotels & Resorts Worldwide, Inc |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Five-Doubletree Hotel Portfolio | $300,000,000 | 1607 | 7/1/2005 |
| The five hotels are located in Tyson's Corner,
Va., Chicago (Michigan Avenue), Ill., Atlanta (Perimeter
Center), Ga., Paradise Valley (Scottsdale), Ariz., and
Santa Monica, Calif. Buyer: The Procaccianti Group Seller: GE Asset Management |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Crown Hotel At Orchard | Undisclosed | 311 | 6/1/2005 |
| Singapore Buyer: The Park Hotel Group Seller: Forward Investment Pte Ltd. |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Lonrho Hotels | Undisclosed | 439 | 5/1/2005 |
| Kenya Buyer: Kingdom Hotel Investments in a joint venture with IFA Hotels & Resorts and Fairmont. Seller: Lonrho Hotels Kenya |
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| Transaction | Est. Price US$ | # of hotels /rooms | Sale Date |
| Hotel Tadoussac | $6,900,000 | 149 | 5/1/2005 |
| Quebec Buyer: Canadian Hotel Income Properties Real Estate Investment Trust ("CHIP REIT") Seller: Undisclosed |
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Copyright (c) 2005 Global Hospitality Resources, Inc., San Diego, CA. Used with permission.
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