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Big Deals, January 2008

By Staff -- Hotels, 1/1/2008

Property NameEst. Sales Price US$# of RoomsMonth of SaleBuyerSellerComments
Westin Excelsior (Venice Lido),

Hotel Des Bains (Venice Lido),

Villa Cipriani (Asolo)

229 mil.Undisclosed4th Qtr 2008EST CapitalStarwood Hotels & Resorts Worldwide, Inc.Some additional office, retail and storage facilities included in sale. The sale is subject to customary closing conditions.
The Royal Garden Hotel and Spa, Waikiki, HawaiiUndisclosed140Jan 08Wyndham Vacation OwnershipThe Royal Hotel & Spa, LLC. 
Westin La Cantera Resort, San Antonio, Texas252.5 mil.5082nd Qtr 2008Gaylord Entertainment CompanyUndisclosed 
JW Marriott New Orleans, New Orleans, Louisiana67.5 mil.487Jan 08UndisclosedAshford Hospitality Trust, Inc. 
Hyatt Regency New Orleans, New Orleans, Louisiana32 mil.UndisclosedDec 07Poydras Properties Hotel Holdings Co., LLC.Strategic Hotels & Resorts, Inc. 
Marriott MunichUndisclosed348Jan 08JER PartnersUndisclosed 
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