Big Deals, August 2007
By Staff -- HOTELS Magazine, 8/1/2007
| Property
Name |
Est.
Sales Price US$ |
#
of Rooms |
Month
of Sale |
Buyer |
Seller |
Comments |
Global
Hyatt Corp. (minority interest acquired)
|
1 bil.
|
136,000 |
August 07 |
Madrone Capital Partners
|
Global Hyatt Corp.
|
Acquired equity securities. |
Bethesda
Marriott
|
92.1 mil |
407
|
August 07
|
US-based investment fund
|
Westbrook Partners and Northview
Hotel Group
|
|
Hotel
Palomar, San Francisco
|
N/D |
195
|
August 07 |
Griffin Capital
|
Kimpton Group Holding LLC
|
|
Package
of 8 Marriott branded hotels
|
90.5 mil |
742
|
August 07
|
Equity Inns, Inc.
|
InterMountain Management,
LLC
|
Portfolio included Residence
Inns, Courtyard by Marriott, and Fairfield Inn. |
Crowne
Plaza Resort, Hollywood Beach, FL
|
74 mil. |
311
|
August 07
|
MHI Hospitality Corporation
/ The Carlyle Group
|
MCZ/Centrum VI Owner, L.L.C
|
|
Caledonian
Hilton, Edinburgh
|
105.4 mil. |
251 |
August 07
|
The Caledonian Operating Company
Ltd UK |
Hilton Hotels Corporation |
|
|
N/D = Not Disclosed
Copyright (c) 2007 Global
Hospitality Resources, Inc., San Diego, CA. Used with permission.
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